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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.

  • Pakistan’s Foreign Exchange Reserves Increase by $46 Million

    Pakistan’s Foreign Exchange Reserves Increase by $46 Million

    Karachi, September 26, 2024 – Pakistan’s foreign exchange reserves witnessed an increase of $46 million during the week ending on September 20, 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. This rise brings the total reserves to $14.873 billion, compared to $14.827 billion recorded a week earlier on September 13, 2024.

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  • IMF Board Approves $7 Billion EFF for Pakistan

    IMF Board Approves $7 Billion EFF for Pakistan

    In a significant economic development, the International Monetary Fund (IMF) Executive Board has approved a $7 billion Extended Fund Facility (EFF) for Pakistan. The Prime Minister’s Office (PMO) announced this on Wednesday, marking a crucial moment for the country’s struggling economy.

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  • Aurangzeb Confident of IMF Loan Approval at September 25 Meeting

    Aurangzeb Confident of IMF Loan Approval at September 25 Meeting

    Islamabad, September 24, 2024 – Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, expressed confidence on Tuesday that the International Monetary Fund (IMF) will approve a 37-month, $7 billion Extended Fund Facility (EFF) for Pakistan during its board meeting on September 25, 2024. His optimism comes as Pakistan seeks much-needed financial assistance to stabilize its economy and ensure sustained reforms.

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  • Headline Inflation Projected at 7.3% YoY in September 2024

    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.

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  • IMF Loan Hope: Aurangzeb Foresees Good News for Pakistan

    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.

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  • Pakistan’s Net Forex Reserves Up $31 Million in a Week

    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.

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  • Pakistan Witnesses 55.5% FDI Surge in First Two Months of FY25

    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.

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  • IMF Takes Up Pakistan Loan Program on September 25 Agenda

    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.”

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  • ADB Okays $320 Million for Khyber Pakhtunkhwa Road Upgrade

    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.

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