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Islamabad, December 20, 2024 – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb reaffirmed the government’s determination to overhaul Pakistan’s tax system, aiming to create a more efficient and equitable taxation structure.
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Karachi, December 19, 2024 – The State Bank of Pakistan (SBP) has announced an increase in the country’s total liquid foreign exchange reserves, which now stand at $16.633 billion as of December 13, 2024. This marks a modest rise of $32 million from the previous week’s level of $16.601 billion as reported on December 6, 2024.
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Karachi: Pakistan has witnessed a significant 31.3% surge in foreign direct investment (FDI) during the first five months (July–November) of the fiscal year 2024-25, reflecting growing investor confidence in the country’s economic prospects.
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Islamabad, December 17, 2024 – Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed his satisfaction over Pakistan achieving a record current account surplus in November 2024.
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Karachi, December 17, 2024 – Pakistan has reported a significant current account surplus of $944 million for the first five months (July to November) of the fiscal year 2024-25, according to balance of payment data released by the State Bank of Pakistan (SBP) on Tuesday.
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Karachi, December 17, 2024 – The State Bank of Pakistan (SBP) has expressed concerns over potential risks to the inflation outlook, particularly due to the possibility of additional tax measures. During a briefing following the latest decision by the Monetary Policy Committee (MPC), analysts at Insight Securities (Pvt) Ltd noted that the SBP Governor indicated a more optimistic outlook for FY25.
(more…)Islamabad, December 16, 2024 – Finance Minister Muhammad Aurangzeb has commended the formal sector for shouldering the brunt of front-loaded tax measures introduced under the government’s economic stabilization program.
(more…)Karachi, December 12, 2024 – Pakistan’s foreign exchange (forex) reserves experienced a minor dip, falling to $16.60 billion on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
(more…)Karachi, December 7, 2024 – Finance Minister Muhammad Aurangzeb announced on Saturday that workers’ remittances are projected to hit an all-time high of $35 billion in the fiscal year 2024-25, up from the $30.25 billion recorded in FY24.
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Islamabad, December 6, 2024 – The Pakistan Bureau of Statistics (PBS) reported on Friday that weekly inflation, measured by the Sensitive Price Indicator (SPI), declined by 0.34% for the week ending December 5, 2024, compared to the previous week.
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