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Karachi, November 10, 2023 – Foreign exchange reserves of Pakistan have witnessed a positive upturn, increasing by $37 million to reach $12.61 billion by the week ended November 3, 2023, as per official data released by the State Bank of Pakistan (SBP) on Friday.
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Karachi, November 10, 2023 – Pakistan has experienced a significant uptick of 26 percent in its total debt during the first quarter (July – September) of the current fiscal year 2023-24, as revealed by official data released on Friday.
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Islamabad, November 3, 2023 – Official data released on Friday has revealed that the citizens of Pakistan falling within the middle income group are bearing the brunt of the country’s rising inflation.
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Islamabad, November 3, 2023 – In a significant development, the International Monetary Fund (IMF) has commended Pakistan for its successful progress in achieving targets during the first quarter of the fiscal year 2023-24.
(more…)Karachi, November 2, 2023 – Pakistan’s foreign exchange reserves have witnessed a significant decline of $78 million in just one week, according to a report released by the State Bank of Pakistan (SBP) on Thursday.
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Karachi, November 1, 2022 – Pakistan Finance Minister, Dr. Shamshad Akhtar, has emphasized the need for a substantial investment of approximately $340 billion to address the country’s climate challenges.
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Islamabad, November 1, 2023 – Pakistan has reported a remarkable reduction in its trade deficit, with a 35 percent decrease in the first four months (July – October) of the fiscal year 2023-24, according to official figures released by the Pakistan Bureau of Statistics (PBS).
(more…)Karachi, November 1, 2023 – Pakistan has experienced a significant contraction in headline inflation for the month of October 2023, with the Consumer Price Index (CPI) showing a decrease to 26.9 percent from the previous month’s 31.4 percent.
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Islamabad, October 31, 2023 – In a bid to achieve long-term fiscal sustainability, Pakistan has set its sights on eliminating tax exemptions.
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