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.

December 2024 Headline Inflation May Hit 80-Month Low

Karachi, December 31, 2024 – Headline inflation in Pakistan is expected to decline to 4.7% in December 2024, marking its lowest level in 80 months, analysts at Insight Securities (Pvt) Limited revealed on Tuesday. This significant decrease in inflation reflects the impact of a favorable base effect and a reduction in transport costs due to lower fuel prices.
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December 31, 2024
Finance Minister Aurangzeb Hints at Shutting Down PASSCO

Islamabad, December 29, 2024 – Finance Minister Muhammad Aurangzeb has hinted at the possibility of shutting down the Pakistan Agricultural Storage and Services Corporation (PASSCO), as state media reported on Sunday. This announcement signals a major shift in government policy, as Aurangzeb emphasized the need for an alternative mechanism to maintain strategic reserves, potentially involving the private sector.
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December 29, 2024
Finance Ministry Exposes Alarming FBR Revenue Shortfall

Islamabad, December 27, 2024 – The Finance Ministry on Friday disclosed a significant shortfall in revenue collection by the Federal Board of Revenue (FBR) up to November 2024. This revelation came as part of the monthly economic outlook for December 2024.
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December 27, 2024
Pakistan’s Forex Reserves Dip by $262M Due to Debt Servicing

Karachi, December 26, 2024 – Pakistan’s net foreign exchange (forex) reserves have witnessed a significant decline of $262 million within a week, according to the State Bank of Pakistan (SBP). The country’s overall forex reserves stood at $16.371 billion as of December 20, 2024, compared to $16.633 billion recorded a week earlier, on December 13, 2024.
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December 26, 2024
December Headline Inflation Set to Slow to 4.1%

KARACHI: Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), is projected to decline to 4.1% in December 2024, marking the lowest level in over six years, according to financial analysts. This significant reduction reflects a promising trend in the country’s economic indicators.
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December 25, 2024
Aurangzeb Shares Tax Transformation Vision with Coca-Cola CEO

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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December 20, 2024
SBP Reports Increase in Net Forex Reserves to $16.63 Billion

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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December 19, 2024
Pakistan Records 31.3% Increase in FDI During 5MFY25

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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December 18, 2024
PM Shehbaz Welcomes Record Current Account Surplus

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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December 17, 2024
Pakistan Posts $944 Million Current Account Surplus in 5MFY25

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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December 17, 2024