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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 on Path to Economic Stability, Says Aurangzeb

    Pakistan on Path to Economic Stability, Says Aurangzeb

    The economic trajectory of Pakistan is firmly on course for stabilization, attributed to the government’s prudent policies, asserted Finance Minister Muhammad Aurangzeb. Addressing the 8th edition of the Future Summit in Karachi, the Finance Minister highlighted several indicators pointing toward an economic upturn, including a narrowed current account deficit, robust remittance inflows, a fortified rupee, and a recent policy rate cut.

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  • SBP Projects Rs 1.3 Trillion Interest Expense Savings on Rate Cuts

    SBP Projects Rs 1.3 Trillion Interest Expense Savings on Rate Cuts

    Karachi, November 4, 2024 – The State Bank of Pakistan (SBP) projects significant fiscal savings following its recent policy rate cuts, estimating that total interest expenses for the fiscal year 2024-25 will decrease to Rs 8.5 trillion from the initially budgeted Rs 9.8 trillion.

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  • Policy Rate Cut to Stimulate Business Activity, Says PM Shehbaz

    Policy Rate Cut to Stimulate Business Activity, Says PM Shehbaz

    Prime Minister Shehbaz Sharif announced Monday that the recent reduction in the policy rate by the State Bank of Pakistan (SBP) will invigorate business activities, bolster exports, and create new employment opportunities across the country.

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  • Pakistan’s Economy Shows Stability Under New IMF Program

    Pakistan’s Economy Shows Stability Under New IMF Program

    Karachi, November 2, 2024 – Pakistan’s economy appears to be on a path of gradual stabilization, supported by the new International Monetary Fund (IMF) program, according to analysts at Topline Securities Limited. With significant improvements in external accounts, a sharp decrease in inflation, and fiscal consolidation, analysts suggest that while the growth outlook remains modest, the country’s economic fundamentals are strengthening.

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  • Pakistan’s Trade Deficit Contracts by 5.59% in 4MFY25

    Pakistan’s Trade Deficit Contracts by 5.59% in 4MFY25

    Islamabad, November 1, 2024 – Pakistan’s trade deficit narrowed by 5.59% during the first four months (July-October) of the fiscal year 2024-25, according to the latest data from the Pakistan Bureau of Statistics (PBS). The trade deficit stood at $6.97 billion, a significant reduction from $7.39 billion recorded during the same period last year, signaling a positive shift in the country’s trade balance.

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  • Pakistan’s CPI Inflation Rises to 7.2% in October 2024

    Pakistan’s CPI Inflation Rises to 7.2% in October 2024

    Islamabad, November 1, 2024 – Pakistan’s headline inflation, as gauged by the Consumer Price Index (CPI), surged to 7.2% on a year-on-year basis in October 2024, up from 6.9% in September. This increase, while marginal, underscores an emerging inflationary trend following the more extreme inflationary environment of 2023, which saw a dramatic 26.8% rise in prices year-on-year in October.

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  • Pakistan’s Foreign Exchange Reserves Rise by $32 Million

    Pakistan’s Foreign Exchange Reserves Rise by $32 Million

    Karachi, October 31, 2024 – Pakistan’s foreign exchange reserves posted a modest uptick, increasing by $32 million over the past week, as revealed by the latest data from the State Bank of Pakistan (SBP) on Thursday.

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  • Pakistan Records Historic Budget Surplus After Decades of Deficits

    Pakistan Records Historic Budget Surplus After Decades of Deficits

    Karachi, October 31, 2024 – In a landmark development, Pakistan has reported its first budget surplus in decades, marking a significant turnaround for the nation’s economic landscape. The surplus, recorded at 1.4% of the GDP for the first quarter (July-September) of the fiscal year 2024-25, reflects an amount of PKR 1.7 trillion. This achievement comes amid Pakistan’s longstanding struggle with fiscal deficits and spiraling debt.

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  • SBP Reports 85% Surge in Foreign Profit Repatriation in Q1 FY25

    SBP Reports 85% Surge in Foreign Profit Repatriation in Q1 FY25

    Karachi, October 28, 2024 – The State Bank of Pakistan (SBP) reported a significant 85% rise in the repatriation of profits and dividends by foreign investors during the first quarter of the fiscal year 2024-25, reflecting a sharp increase in the outflow of funds.

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  • Pakistan Aims to Launch Panda Bond in Chinese Market

    Pakistan Aims to Launch Panda Bond in Chinese Market

    Pakistan is exploring new avenues for financing by targeting the Chinese market for its inaugural Panda bond issuance. Finance Minister Muhammad Aurangzeb revealed this intention during a recent meeting with China’s Vice Minister of Finance, Liao Min, on the sidelines of the World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings in Washington.

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