Pkrevenue.com

Category: Finance

Explore finance-related stories with Pakistan Revenue, your source for the latest updates on Pakistan’s economy, financial trends, and market insights. Stay informed with real-time economic developments.

  • Aurangzeb Announces Bold Move to Abolish 150,000 Vacant Jobs

    Aurangzeb Announces Bold Move to Abolish 150,000 Vacant Jobs

    Islamabad, January 7, 2025 – Finance Minister Muhammad Aurangzeb on Tuesday announced the government’s decision to abolish 150,000 vacant positions that are not on the payroll. This measure is aimed at improving efficiency within the federal government and cutting unnecessary expenditures.

    (more…)
  • UAE Extends $2 Billion Debt Roll-Over for Pakistan: PM Shehbaz

    UAE Extends $2 Billion Debt Roll-Over for Pakistan: PM Shehbaz

    Prime Minister Shehbaz Sharif informed the federal cabinet on Tuesday that the United Arab Emirates (UAE) has agreed to roll over a $2 billion debt that was due for repayment by Pakistan this month. In his televised remarks at the start of the cabinet meeting, the prime minister highlighted the outcomes of his recent meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, which took place in Rahim Yar Khan. The discussion focused on ways to deepen bilateral relations and enhance investment cooperation between the two countries.

    (more…)
  • Pakistan Bans Import of Polyol Blended with HCFC – 141b – 142b

    Pakistan Bans Import of Polyol Blended with HCFC – 141b – 142b

    Islamabad, January 7, 2025 – Pakistan has taken a significant step toward protecting the environment and aligning with international climate commitments by approving a ban on the import of Polyol blended with HCFC-141b and HCFC-142b. The decision was made during a meeting of the Economic Coordination Committee (ECC) of the cabinet, chaired by Finance Minister Muhammad Aurangzeb.

    (more…)
  • Pakistan Unveils Pension Reforms to Cut Fiscal Burden

    Pakistan Unveils Pension Reforms to Cut Fiscal Burden

    Pakistan has introduced a comprehensive set of pension reforms aimed at reducing the growing burden of pension liabilities on public finances. These reforms, announced by Adviser to the Finance Minister Khurram Schehzad via a post on X (formerly Twitter) on Saturday, are set to take effect from January 1, 2025. The initiative seeks to ensure fairness, sustainability, and financial stability within the nation’s pension system.

    (more…)
  • Sindh Unveils Dates for Provincial Budget 2025-26

    Sindh Unveils Dates for Provincial Budget 2025-26

    Karachi, January 4, 2025 – The Sindh government has announced the timeline for presenting the provincial budget for the fiscal year 2025-26. The budget is expected to be presented in the provincial assembly in the first or second week of June 2025, as per the budget calendar released by the government.

    (more…)
  • Pakistan’s Forex Reserves Rise $37 Million Despite SBP Fall

    Pakistan’s Forex Reserves Rise $37 Million Despite SBP Fall

    Karachi, January 2, 2025 – Pakistan’s net foreign exchange (forex) reserves increased by $37 million during the week ending December 27, 2024, despite a significant decline in the official reserves held by the State Bank of Pakistan (SBP). This disparity underscores evolving trends in the country’s financial framework.

    (more…)
  • Inflation Eases: Pakistan’s CPI Drops to 80-Month Low

    Inflation Eases: Pakistan’s CPI Drops to 80-Month Low

    Karachi, January 1, 2025 – Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), dropped to an 80-month low of 4.1% year-on-year (YoY) in December 2024. This marks the lowest level since April 2018, when inflation was recorded at 3.96%.

    (more…)
  • PM Shehbaz Launches ‘Uraan Pakistan’ Five-Year Economic Plan

    PM Shehbaz Launches ‘Uraan Pakistan’ Five-Year Economic Plan

    Islamabad, December 31, 2024 – Prime Minister Shehbaz Sharif officially launched Uraan Pakistan, a homegrown five-year National Economic Transformation plan, on Tuesday in Islamabad.

    (more…)
  • December 2024 Headline Inflation May Hit 80-Month Low

    December 2024 Headline Inflation May Hit 80-Month Low

    Karachi, December 31, 2024 – Headline inflation in Pakistan is expected to decline to 4.7% in December 2024, marking its lowest level in 80 months, analysts at Insight Securities (Pvt) Limited revealed on Tuesday. This significant decrease in inflation reflects the impact of a favorable base effect and a reduction in transport costs due to lower fuel prices.

    (more…)
  • Finance Minister Aurangzeb Hints at Shutting Down PASSCO

    Finance Minister Aurangzeb Hints at Shutting Down PASSCO

    Islamabad, December 29, 2024 – Finance Minister Muhammad Aurangzeb has hinted at the possibility of shutting down the Pakistan Agricultural Storage and Services Corporation (PASSCO), as state media reported on Sunday. This announcement signals a major shift in government policy, as Aurangzeb emphasized the need for an alternative mechanism to maintain strategic reserves, potentially involving the private sector.

    (more…)