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, May 14, 2024 – The State Bank of Pakistan (SBP) has released projections suggesting that several targets set by the government for the fiscal year 2023-24 are likely to be missed, with notable concerns surrounding GDP growth and fiscal deficit.
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Islamabad, May 13, 2024 – Prime Minister Shehbaz Sharif reaffirmed his government’s unwavering commitment to economic advancement through extensive reforms and structural changes during an interview with Saudi state-owned television channel Al Arabiya on Monday.
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Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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Karachi, May 10, 2024 – The International Monetary Fund (IMF) on Friday issued a warning that Pakistan faces “exceptionally high” downside risks to its economic stability.
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Pakistan observed a welcome decline in weekly inflation, with a decrease of 1.39 percent for the week ending May 9, 2024, compared to the prior week.
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Karachi, May 9, 2024 – Pakistan has seen a robust increase in foreign exchange reserves this week, with an infusion of $1.143 billion, boosting the total reserves to $14.459 billion as of May 3, 2024, according to data released by the State Bank of Pakistan (SBP).
(more…)Islamabad, May 8, 2024 – In a meeting held on Wednesday, Pakistan has made a strong appeal to the World Bank to broaden its development activities in the country by incorporating innovative financing mechanisms and boosting private sector engagement.
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Pakistan has emerged as a high-priority economic opportunity for Saudi Arabia, according to Deputy Investment Minister Ibrahim Almubarak. This sentiment was echoed at the recently concluded two-day Pakistan-Saudi Arabia Investment Conference held in Islamabad.
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Pakistan and Saudi Arabia on Saturday pledged to deepen their economic ties and increase Saudi investments in Pakistan.
(more…)Karachi, May 2, 2024 – Pakistan’s foreign exchange (forex) reserves have shown a modest increase, reaching $13.32 billion by the week ended April 26, 2024, according to the latest figures released by the State Bank of Pakistan (SBP).
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