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.
Islamabad, September 20, 2024 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Friday that Pakistan is expected to receive favorable news from the International Monetary Fund (IMF) on September 25, 2024.
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Karachi, September 19, 2024 – Pakistan’s net foreign exchange reserves increased by $31 million during the week ending September 13, 2024, according to the State Bank of Pakistan (SBP). The country’s total forex reserves now stand at $14.827 billion, up from $14.796 billion recorded on September 6, 2024.
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Karachi, September 18, 2024 – Pakistan has experienced a remarkable 55.5% surge in foreign direct investment (FDI) during the first two months of the current fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Wednesday. This sharp increase signals renewed global confidence in Pakistan’s economic outlook, driven by various policy reforms and improved investment conditions.
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Karachi, September 18, 2024 – Pakistan’s current account deficit witnessed a sharp contraction of 81% during the first two months (July–August) of the current fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP) on Wednesday. The deficit fell to $171 million, compared to $893 million in the corresponding period of the previous fiscal year.
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Islamabad – The International Monetary Fund (IMF) has confirmed that its Executive Board will consider Pakistan’s loan request under the Extended Fund Facility (EFF) on September 25, 2024. The agenda for the board meeting includes the “Pakistan – 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility.”
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Islamabad, September 13, 2024 – The Asian Development Bank (ADB) has approved a loan of $320 million to support the rehabilitation and development of roads in the province of Khyber Pakhtunkhwa (KP), Pakistan. This investment aims to improve safe, all-weather connectivity for rural areas, enhancing access to essential services such as education, healthcare, and markets.
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Karachi, September 12, 2024 – Pakistan’s foreign exchange reserves recorded a modest increase of $56 million, bringing the total to $14.796 billion by the week ending on September 6, 2024.
(more…)Islamabad, September 11, 2024 – The Economic Coordination Committee (ECC) of the Cabinet, in a pivotal decision on Wednesday, approved the reallocation of gas supply priorities, elevating the industrial sector to top priority.
(more…)Karachi, September 11, 2024 – In a striking development, the federal government’s borrowing from scheduled banks for budgetary support nosedived by 58 percent during the first two months of fiscal year 2025 (FY25), signaling a significant shift in fiscal management compared to the same period last year.
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Karachi – Pakistan’s total debt surged to Rs 69.6 trillion at the end of July 2024, reflecting increased borrowing from domestic and international sources to cover the country’s fiscal deficit.
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