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 to Gain from 800 Global Investments: Minister

Karachi, August 12, 2024: In a significant boost to international economic presence of Pakistan, Federal Minister for Commerce Jam Kamal Khan announced on Sunday that 800 companies from 70 countries are set to invest in the country. This influx is anticipated to enhance Pakistan’s stature in global markets, according to a press release issued by the ministry.
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August 12, 2024
Aurangzeb Highlights Economic Milestones with Chinese Envoy

Islamabad, August 9, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Friday underscored the recent positive developments in Pakistan’s economic landscape during a meeting with Shi Yuanqiang, Chargé d’Affaires of the Embassy of the People’s Republic of China, and other embassy officials.
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August 9, 2024
Pakistan Reports Increase in Forex Reserves by $80 Million

Karachi, August 8, 2024 – The foreign exchange reserves of Pakistan saw a modest increase of $80 million during the week ending on August 2, 2024, according to the latest data released by the State Bank of Pakistan (SBP).
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August 8, 2024
Pakistan Witnesses 20% Swell in July 2024 Trade Deficit

Karachi, August 2, 2024 – Pakistan has witnessed a significant widening of its trade deficit by around 20% on a year-on-year (YoY) basis in July 2024, according to official data released by the Pakistan Bureau of Statistics (PBS) on Thursday.
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August 2, 2024
Weekly Forex Reserves of Pakistan Increase by $57 Million

Karachi, August 1, 2024 – Net foreign exchange reserves of Pakistan saw an increase of $57 million on a weekly basis, the State Bank of Pakistan (SBP) announced on Thursday. By the week ending July 26, 2024, the country’s total foreign exchange reserves had risen to $14.392 billion, compared to $14.335 billion recorded the previous week.
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August 1, 2024
Pakistan Registers 11.1% Increase in July Headline Inflation

Islamabad, August 1, 2024 – Headline inflation in Pakistan rose by 11.1% in July 2024, according to the Pakistan Bureau of Statistics (PBS). This increase, based on the Consumer Price Index (CPI), highlights a significant economic challenge as the country navigates its fiscal and monetary policies.
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August 1, 2024
Government Collects Rs 1.02 Trillion Petroleum Levy in FY24

Karachi, July 31, 2024 – The Ministry of Finance announced on Wednesday that the government collected a staggering Rs 1.02 trillion as petroleum levy during the fiscal year 2023-24.
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July 31, 2024
Pakistan’s Economy Shows Signs of Stability in FY24: Report

Islamabad, July 30, 2024 – The Pakistani economy is showing signs of stability as the fiscal year 2023-24 comes to a close, with declining inflation, a primary fiscal account surplus, a minimal current account deficit, and a stable exchange rate, according to the Finance Ministry’s report released on Tuesday.
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July 30, 2024
Aurangzeb Urges Banks to Allocate Funds for Agriculture and IT

Karachi, July 30, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Tuesday, emphasized the importance of proper fund allocation for the agriculture sector and the IT industry, especially freelancers.
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July 30, 2024
Aurangzeb Hopes Provinces to Legislate for Agriculture Tax

Islamabad, July 28, 2024 – Finance Minister Muhammad Aurangzeb expressed optimism that all provinces will legislate to bring agricultural income into the tax net.
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July 28, 2024