Pakistan Economic Survey 2022-23: Only 0.29% GDP Growth Achieved

Jun 8

Budget 2023-2024, Finance, Top stories

Pakistan Economic Survey 2022-23: Only 0.29% GDP Growth Achieved

Islamabad, June 8, 2023: According to Finance Minister Ishaq Dar, Pakistan’s Gross Domestic Product (GDP) achieved a meager growth of only 0.29 percent during the fiscal year 2022-2023. This announcement was made during the unveiling of the Pakistan Economic Survey 2022-23 at a press conference.

by Faisal Shahnawaz

Pakistan Economic Survey 2022-23: A Challenging Year

Jun 8

Budget 2023-2024, Finance

Pakistan Economic Survey 2022-23: A Challenging Year

The Pakistan Economic Survey for the fiscal year 2022-23 highlights the various challenges faced by Pakistan’s economy during this period. The geopolitical situation, difficult financial environment, and high inflationary pressures have all had a significant impact on the global growth prospects, and Pakistan was not immune to these challenges. Additionally, devastating floods and political unrest […]

by Faisal Shahnawaz

Finance Ministry Launches Pakistan Economic Survey 2022-2023 Today

Jun 8

Budget 2023-2024, Finance

Finance Ministry Launches Pakistan Economic Survey 2022-2023 Today

Islamabad, June 8, 2023: The Ministry of Finance in Pakistan is set to launch the Economic Survey of Pakistan for the fiscal year 2022-2023 today.

by Mrs. Anjum Shahnawaz

Pakistan, Turkey Set to Increase Bilateral Trade to $5 Billion

Jun 4

Finance, National, Top stories, World

Pakistan, Turkey Set to Increase Bilateral Trade to $5 Billion

Islamabad, June 4, 2023 – Prime Minister Muhammad Shehbaz Sharif has said that Pakistan and Turkey are set to increase their bilateral trade to $5 billion annually over the next three years.

by Mrs. Anjum Shahnawaz

KCCI Delegation Meets Finance Minister to Boost Business Support

Jun 3

Finance, Trade & Industry

KCCI Delegation Meets Finance Minister to Boost Business Support

The delegation of Karachi Chamber of Commerce and Industry (KCCI) met Finance Minister Ishaq Dar to business support. The Finance Minister reassured that the government is committed to supporting the business and industrial sector to ensure economic growth and stability in the country.

by Faisal Shahnawaz

Pakistan’s Import Bill Surges by 43% in May 2023, Trade Deficit Widens

Jun 2

Finance, Top stories

Pakistan’s Import Bill Surges by 43% in May 2023, Trade Deficit Widens

Karachi, June 2, 2023 – Pakistan’s import bill experienced a substantial increase of 43% in May 2023, reaching $4.28 billion compared to $2.99 billion in the previous month, according to official statistics released on Friday. In contrast, exports recorded a nominal increase, reaching $2.19 billion in May 2023 compared to $2.14 billion in April 2023.

by Shahnawaz Akhter

Pakistan’s Foreign Exchange Reserves Decline to $9.513 Billion

Jun 1

Finance, Top stories

Pakistan’s Foreign Exchange Reserves Decline to $9.513 Billion

Pakistan’s foreign exchange reserves have experienced a decline of $218 million, reaching $9.513 billion by the week ended May 26, 2023, according to a statement by the central bank.

by Hamza Shahnawaz

Pakistan’s Headline Inflation Soars to All-Time High of 38% in May 2023

Jun 1

Finance, Top stories

Pakistan’s Headline Inflation Soars to All-Time High of 38% in May 2023

Pakistan witnessed a significant surge in headline inflation as the Consumer Price Index (CPI) reached an unprecedented all-time high of 38% in May 2023.

by Mrs. Anjum Shahnawaz

Dar Vows Business-Friendly Budget to Spur Economic Growth

May 30

Budget 2023-2024, Finance

Dar Vows Business-Friendly Budget to Spur Economic Growth

Islamabad, May 29, 2023: In a meeting with the Association of Builders and Developers of Pakistan (ABAD), Senator Mohammad Ishaq Dar, the Federal Minister for Finance and Revenue, announced the government’s commitment to introduce a business-friendly budget aimed at supporting the masses and bolstering economic growth. The gathering took place in Islamabad on Monday.

by Mrs. Anjum Shahnawaz

Prime Minister Sharif urges exporters to innovate for increased exports

May 26

Finance, Top stories

Prime Minister Sharif urges exporters to innovate for increased exports

Karachi, May 26, 2023 – Prime Minister Muhammad Shehbaz Sharif called upon the country’s exporters to adopt innovative and unique approaches to enhance exports, leading to valuable foreign exchange earnings for Pakistan.

by Mrs. Anjum Shahnawaz