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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.

  • 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.

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  • 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.

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  • 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.

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  • 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%.

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  • 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.

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  • 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.

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  • 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.

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  • Finance Ministry Exposes Alarming FBR Revenue Shortfall

    Finance Ministry Exposes Alarming FBR Revenue Shortfall

    Islamabad, December 27, 2024 – The Finance Ministry on Friday disclosed a significant shortfall in revenue collection by the Federal Board of Revenue (FBR) up to November 2024. This revelation came as part of the monthly economic outlook for December 2024.

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  • Pakistan’s Forex Reserves Dip by $262M Due to Debt Servicing

    Pakistan’s Forex Reserves Dip by $262M Due to Debt Servicing

    Karachi, December 26, 2024 – Pakistan’s net foreign exchange (forex) reserves have witnessed a significant decline of $262 million within a week, according to the State Bank of Pakistan (SBP). The country’s overall forex reserves stood at $16.371 billion as of December 20, 2024, compared to $16.633 billion recorded a week earlier, on December 13, 2024.

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  • December Headline Inflation Set to Slow to 4.1%

    December Headline Inflation Set to Slow to 4.1%

    KARACHI: Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), is projected to decline to 4.1% in December 2024, marking the lowest level in over six years, according to financial analysts. This significant reduction reflects a promising trend in the country’s economic indicators.

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