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.
Karachi, November 18, 2024 – Pakistan recorded a current account (CA) surplus of $349 million in October 2024, a notable improvement from a deficit of $287 million in the same month last year, according to data released by the State Bank of Pakistan (SBP).
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Islamabad, November 17, 2024 – Federal Finance Minister Muhammad Aurangzeb has projected that Pakistan’s economy could expand to $3 trillion by 2047, a significant leap from its current $300 billion. In a televised statement on Sunday, he attributed this optimistic outlook to the government’s economic discipline and reform efforts under the leadership of Prime Minister Muhammad Shehbaz Sharif.
(more…)Islamabad, November 16, 2024 – Federal Finance Minister Muhammad Aurangzeb has dismissed the possibility of introducing a mini-budget after the conclusion of successful discussions with the International Monetary Fund (IMF). The talks, which included an in-person visit by the IMF mission led by Nathan Porter, were described as productive and aimed at fostering confidence rather than reviewing Pakistan’s economy.
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Islamabad, November 16, 2024 – The International Monetary Fund (IMF) has recommended that Pakistan reduce state intervention in its economy and foster greater competition to support sustainable growth. This advice followed the conclusion of a staff visit to Pakistan, led by Nathan Porter, from November 12 to 15, 2024.
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Islamabad, November 15, 2024 – The Sensitive Price Indicator (SPI), which measures weekly inflation, recorded an increase of 0.55% for the week ending November 14, 2024, according to the Pakistan Bureau of Statistics (PBS). The rise reflects notable price hikes in essential commodities, impacting households across the country.
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Karachi, November 14, 2024 – Pakistan’s foreign exchange (forex) reserves saw a slight increase, reaching $15.966 billion by the end of the week on November 8, 2024, according to the State Bank of Pakistan (SBP). This marks an increase of $34 million from the previous week’s level of $15.932 billion, signaling a positive but modest uptick in the country’s forex reserves.
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Islamabad, November 12, 2024 – The International Monetary Fund (IMF) delegation, led by IMF Mission Chief Nathan Porter, held an initial meeting with Finance Minister Muhammad Aurangzeb on Tuesday to discuss Pakistan’s economic progress under the Extended Fund Facility (EFF).
(more…)Karachi, November 11, 2024 – Pakistan’s fiscal challenges intensified as total debt and liabilities surged to Rs 85.84 trillion by the end of the first quarter of FY2024-25, the State Bank of Pakistan (SBP) reported Monday.
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Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, expressed a warm welcome on Monday to APM Terminals commitment to invest in Pakistan, emphasizing the government’s support to ensure a level-playing and investment-friendly environment for the company. Senator Aurangzeb met with Keith Svendsen, Chief Executive Officer (CEO) of APM Terminals, in a meeting also attended by key figures from both Pakistan and Denmark.
(more…)Finance Minister Mohammad Aurangzeb has emphasized that it’s time to include the real estate, retail, and agriculture sectors in Pakistan’s tax system. He stated that the government could no longer rely solely on taxes from salaried workers and manufacturers, whose tax rates already reach up to 50%.
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