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Karachi, January 17, 2025 – The Sensitive Price Indicator (SPI) for the week ending January 16, 2025, recorded a decline of 0.39% compared to the previous week, according to data released by the Pakistan Bureau of Statistics (PBS).
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Karachi, January 17, 2025 – The State Bank of Pakistan (SBP) announced on Friday a significant 20% increase in foreign direct investment (FDI) for the first half (July–December) of the fiscal year 2024-25, highlighting a positive shift in the country’s investment landscape.
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Karachi, January 17, 2025 – Pakistan has reached a remarkable milestone, posting a record $1.21 billion current account (CA) surplus for the first half of fiscal year 2024-25 (January – December 2024), according to the State Bank of Pakistan (SBP). This achievement marks a significant turnaround from the $1.40 billion deficit recorded during the same period in the previous fiscal year.
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Karachi, January 16, 2025 – The net foreign exchange reserves of Pakistan witnessed a notable increase of $73 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. This marks a positive development for the country’s financial stability amid ongoing economic challenges.
(more…)Karachi, January 14, 2025 – The government has retired a substantial Rs 2.42 trillion in bank borrowing during the first half of the fiscal year 2024-25 (July–December). The data, released by the State Bank of Pakistan (SBP) on Tuesday, highlights the government’s efforts to manage and reduce its reliance on borrowing.
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Finance Minister Muhammad Aurangzeb on Monday expressed optimism that Pakistan will successfully meet its tax collection target for the fiscal year 2024-25. During a televised interview on Bloomberg’s program, The Asia Trade, Aurangzeb highlighted that Pakistan’s tax-to-GDP ratio had risen to 10.8% by December 2024.
(more…)Islamabad, January 10, 2025 – According to the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) recorded a decrease of 0.65% for the week ending January 9, 2025.
(more…)Karachi, January 9, 2025 – Pakistan’s net foreign exchange (forex) reserves experienced a decline of $31 million during the week ending January 3, 2025, according to the State Bank of Pakistan (SBP). This reduction highlights ongoing pressures on the country’s external account as inflows and outflows continue to fluctuate.
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Islamabad, January 9, 2025 – The Government of Pakistan has officially announced the timelines for presenting the federal budget for the fiscal year 2025-26. The Finance Division has issued a detailed budget circular outlining the roadmap for preparing and approving the upcoming budget, which is scheduled to be presented in the first week of June 2025.
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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.
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