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.

Headline Inflation Projected at 7.3% YoY in September 2024

Karachi, September 24, 2024 – Pakistan’s headline inflation, based on the Consumer Price Index (CPI), is projected to decrease to 7.3% year-on-year (YoY) in September 2024, marking its lowest level since January 2021. This is a significant improvement compared to both August 2024, when inflation stood at 9.6% YoY, and September 2023, when the inflation rate surged to 31.4% YoY.
(more…)

September 24, 2024
IMF Loan Hope: Aurangzeb Foresees Good News for Pakistan

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.
(more…)

September 20, 2024
Pakistan’s Net Forex Reserves Up $31 Million in a Week

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.
(more…)

September 19, 2024
Pakistan Witnesses 55.5% FDI Surge in First Two Months of FY25

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.
(more…)

September 18, 2024
Pakistan’s Current Account Deficit Contracts by 81% in 2MFY25

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.
(more…)

September 18, 2024
IMF Takes Up Pakistan Loan Program on September 25 Agenda

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.”
(more…)

September 17, 2024
ADB Okays $320 Million for Khyber Pakhtunkhwa Road Upgrade

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.
(more…)

September 13, 2024
Pakistan’s Foreign Exchange Reserves Inch Up to $14.796 Billion

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…)

September 12, 2024
ECC Approves Gas Allocation Priority for Industrial Sector

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…)

September 11, 2024
Government Borrowing Plummets 58% in Initial Months of FY25

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.
(more…)

September 11, 2024