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.

PM Shehbaz Expresses Satisfaction Over Clinching IMF Loan

Islamabad, July 13, 2024 – Prime Minister Muhammad Shehbaz Sharif expressed deep satisfaction on Saturday following Pakistan’s successful negotiation of a staff-level agreement with the International Monetary Fund (IMF) for a new $7 billion loan program. The agreement, spanning over 37 months, is poised to bolster Pakistan’s economy amidst ongoing financial challenges.
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July 13, 2024
IMF, Pakistan Reach Staff-Level Agreement on $7 Billion EFF

Islamabad, July 13, 2024 – The International Monetary Fund (IMF) and Pakistan have announced a staff-level agreement for a $7 billion Extended Fund Facility (EFF). However, the disbursement of these funds awaits approval from the IMF’s executive board.
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July 13, 2024
Pakistan, Azerbaijan Aim for $2 Billion Investment Boost

Pakistan and Azerbaijan pledged to significantly strengthen their economic ties, aiming for a combined investment of US$2 billion in mutually beneficial projects. This ambitious target was announced by Pakistani Prime Minister Muhammad Shehbaz Sharif during a joint press conference with Azerbaijani President Ilham Aliyev on Thursday.
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July 12, 2024
Aurangzeb Anticipates IMF EFF Size Decision Within a Week

Islamabad: Finance Minister Muhammad Aurangzeb has announced that the size of the new International Monetary Fund (IMF) Extended Fund Facility (EFF) for Pakistan will be determined within a week.
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July 12, 2024
Pakistan’s Weekly Forex Reserves Rise by $72 Million

Karachi, July 11, 2024 – Pakistan’s weekly foreign exchange reserves have experienced a notable increase of $72 million, the State Bank of Pakistan (SBP) reported on Thursday. This positive trend is a promising indicator of the country’s economic stability.
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July 11, 2024
SBP Reports $494 Million Increase in Weekly Forex Reserves

Karachi, July 4, 2024 – The State Bank of Pakistan (SBP) has announced a notable increase of $494 million in its official foreign exchange reserves for the week ending June 28, 2024, reflecting positive inflows from multilateral agencies.
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July 4, 2024
Pakistan Seeks Bigger Bite of IMF Apple: Requests $10 Billion

Islamabad, July 2, 2024 – Pakistan has requested the International Monetary Fund (IMF) to expand its proposed bailout package to $10 billion, citing the country’s deteriorating economic conditions.
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July 2, 2024
Pakistan Registers 10.54% Jump in Exports for FY24

Islamabad, July 2, 2024 (PkRevenue.com) – Pakistan has recorded a remarkable growth of 10.54 percent in exports during the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The country’s exports surged to $30.65 billion during FY24, up from $27.72 billion in the previous fiscal year.
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July 2, 2024
Pakistan’s Headline Inflation Contracts to 23.4% in FY24

Pakistan’s average headline inflation, as measured by the Consumer Price Index (CPI), contracted to 23.4% in the fiscal year 2023-24, a significant reduction from the previous fiscal year’s 29.2%, according to the Pakistan Bureau of Statistics (PBS).
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July 1, 2024
Pakistan President Approves Tax-Heavy 2024-25 Budget

Islamabad, June 30, 2024 – Pakistan President Asif Ali Zardari on Sunday approved the heavily tax-laden Budget 2024-25, set to come into effect from July 1. The budget, amounting to Rs18.877 trillion, aims to stabilize the economy and secure a new bailout from the International Monetary Fund (IMF).
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June 30, 2024