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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.

  • Aurangzeb Welcomes APM Terminals Investment in Pakistan

    Aurangzeb Welcomes APM Terminals Investment in Pakistan

    Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, expressed a warm welcome on Monday to APM Terminals commitment to invest in Pakistan, emphasizing the government’s support to ensure a level-playing and investment-friendly environment for the company. Senator Aurangzeb met with Keith Svendsen, Chief Executive Officer (CEO) of APM Terminals, in a meeting also attended by key figures from both Pakistan and Denmark.

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  • Aurangzeb Aims to Tax Real Estate, Retailers and Agriculture

    Aurangzeb Aims to Tax Real Estate, Retailers and Agriculture

    Finance Minister Mohammad Aurangzeb has emphasized that it’s time to include the real estate, retail, and agriculture sectors in Pakistan’s tax system. He stated that the government could no longer rely solely on taxes from salaried workers and manufacturers, whose tax rates already reach up to 50%.

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  • Pakistan’s Weekly Forex Reserves Decline by $117 Million

    Pakistan’s Weekly Forex Reserves Decline by $117 Million

    Karachi, November 7, 2024 – Pakistan’s foreign exchange (forex) reserves have witnessed a decline of $117 million by the week ended November 1, 2024, according to a report from the State Bank of Pakistan (SBP) on Thursday.

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  • IMF Delegation to Visit Pakistan for EFF Performance Review

    IMF Delegation to Visit Pakistan for EFF Performance Review

    The International Monetary Fund (IMF) will dispatch a mission to Islamabad from November 11 to 15 to address Pakistan’s fiscal challenges and explore potential corrective measures, including a possible mini-budget.

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  • 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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