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 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.
(more…)

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.
(more…)

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.
(more…)

July 28, 2024
Sensitive Price Inflation in Pakistan Surges 20% YoY

Islamabad, July 26, 2024 – The Sensitive Price Indicator (SPI) inflation on a Year on Year (YoY) basis has surged by 20.09% for the week ending July 25, 2024, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…)

July 26, 2024
SBP Reserves Plummet by $397 Million Amid Debt Repayments

Karachi, July 25, 2024 – The State Bank of Pakistan (SBP) announced on Thursday a significant drop of $397 million in its official foreign exchange reserves for the week ending July 19, 2024. The reserves declined from $9.424 billion on July 12, 2024, to $9.027 billion by the end of the week.
(more…)

July 25, 2024
Gallup Survey: Economic Woes Deepen Business Pessimism

Karachi, July 25, 2024 – Business owners across Pakistan have expressed heightened pessimism about their future prospects, citing continued political turmoil and a new tax-heavy budget as major concerns, according to a recent Gallup Pakistan survey.
(more…)

July 25, 2024
Pakistan Reports 153% Surge in Foreign Investment in FY24

Karachi, July 20, 2024 – Pakistan has experienced a remarkable 153 percent increase in total foreign investment during the fiscal year 2023-24. According to the State Bank of Pakistan (SBP), the total foreign investment soared to $1.52 billion, up from $601 million in the preceding fiscal year.
(more…)

July 20, 2024
Weekly Forex Reserves Rise by $59 Million: State Bank of Pakistan

Karachi, July 18, 2024 – The State Bank of Pakistan (SBP) announced on Thursday that the country’s weekly foreign exchange reserves have increased by $59 million. For the week ended July 12, 2024, the forex reserves rose to $14.704 billion, up from $14.645 billion a week earlier on July 5, 2024.
(more…)

July 18, 2024
Pakistan’s Bank Borrowing Peaks at Rs 8.56 Trillion in FY24

Karachi, July 17, 2024 – Pakistan’s bank borrowing surged to an unprecedented Rs 8.56 trillion in the fiscal year 2023-24, marking a 130 percent increase over the previous fiscal year, according to official data.
(more…)

July 17, 2024
Economic Risks Loom Large for Pakistan, Fitch Warns

Islamabad, July 17, 2024 – Fitch Ratings has raised alarm over the fragile economic state of Pakistan, citing significant risks stemming from both internal and external factors.
(more…)

July 17, 2024