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.
Moody’s Investors Service has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from Caa3 to Caa2.
(more…)
KARACHI, August 16, 2024 – Pakistan government debt has escalated to a staggering Rs 69 trillion by the end of June 2024, marking a significant rise over the last fiscal year, according to data released by the State Bank of Pakistan (SBP) on Thursday.
(more…)
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.
(more…)
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.
(more…)
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).
(more…)
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.
(more…)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.
(more…)
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.
(more…)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.
(more…)
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.
(more…)