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 Rules Out Mini Budget After Productive IMF Talks

Islamabad, November 16, 2024 – Federal Finance Minister Muhammad Aurangzeb has dismissed the possibility of introducing a mini-budget after the conclusion of successful discussions with the International Monetary Fund (IMF). The talks, which included an in-person visit by the IMF mission led by Nathan Porter, were described as productive and aimed at fostering confidence rather than reviewing Pakistan’s economy.
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November 16, 2024
IMF Recommends Reducing State Role in Pakistan Economy

Islamabad, November 16, 2024 – The International Monetary Fund (IMF) has recommended that Pakistan reduce state intervention in its economy and foster greater competition to support sustainable growth. This advice followed the conclusion of a staff visit to Pakistan, led by Nathan Porter, from November 12 to 15, 2024.
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November 16, 2024
Weekly SPI Inflation Increases by 0.55%

Islamabad, November 15, 2024 – The Sensitive Price Indicator (SPI), which measures weekly inflation, recorded an increase of 0.55% for the week ending November 14, 2024, according to the Pakistan Bureau of Statistics (PBS). The rise reflects notable price hikes in essential commodities, impacting households across the country.
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November 15, 2024
Pakistan’s Net Forex Reserves Increase to $15.966 Billion

Karachi, November 14, 2024 – Pakistan’s foreign exchange (forex) reserves saw a slight increase, reaching $15.966 billion by the end of the week on November 8, 2024, according to the State Bank of Pakistan (SBP). This marks an increase of $34 million from the previous week’s level of $15.932 billion, signaling a positive but modest uptick in the country’s forex reserves.
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November 14, 2024
IMF Delegation Meets Aurangzeb to Discuss EFF Progress

Islamabad, November 12, 2024 – The International Monetary Fund (IMF) delegation, led by IMF Mission Chief Nathan Porter, held an initial meeting with Finance Minister Muhammad Aurangzeb on Tuesday to discuss Pakistan’s economic progress under the Extended Fund Facility (EFF).
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November 12, 2024
Pakistan’s Total Debt, Liabilities Rise to Rs 85.84 Trillion in 1QFY25

Karachi, November 11, 2024 – Pakistan’s fiscal challenges intensified as total debt and liabilities surged to Rs 85.84 trillion by the end of the first quarter of FY2024-25, the State Bank of Pakistan (SBP) reported Monday.
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November 12, 2024
Aurangzeb Welcomes APM Terminals Investment in Pakistan

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, expressed a warm welcome on Monday to APM Terminals commitment to invest in Pakistan, emphasizing the government’s support to ensure a level-playing and investment-friendly environment for the company. Senator Aurangzeb met with Keith Svendsen, Chief Executive Officer (CEO) of APM Terminals, in a meeting also attended by key figures from both Pakistan and Denmark.
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November 11, 2024
Aurangzeb Aims to Tax Real Estate, Retailers and Agriculture

Finance Minister Mohammad Aurangzeb has emphasized that it’s time to include the real estate, retail, and agriculture sectors in Pakistan’s tax system. He stated that the government could no longer rely solely on taxes from salaried workers and manufacturers, whose tax rates already reach up to 50%.
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November 9, 2024
Pakistan’s Weekly Forex Reserves Decline by $117 Million

Karachi, November 7, 2024 – Pakistan’s foreign exchange (forex) reserves have witnessed a decline of $117 million by the week ended November 1, 2024, according to a report from the State Bank of Pakistan (SBP) on Thursday.
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November 7, 2024
IMF Delegation to Visit Pakistan for EFF Performance Review

The International Monetary Fund (IMF) will dispatch a mission to Islamabad from November 11 to 15 to address Pakistan’s fiscal challenges and explore potential corrective measures, including a possible mini-budget.
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November 7, 2024