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.

IMF Transfers $1.2 Billion to State Bank of Pakistan under Stand-By Agreement

Islamabad, July 13, 2023 – The International Monetary Fund (IMF) has transferred $1.2 billion to the State Bank of Pakistan (SBP) as part of a total of $3 billion approved by the IMF board. The remaining balance of $1.8 billion will be provided after two upcoming reviews scheduled for November 2023 and February 2024.
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July 13, 2023
PM Sharif Hails Approval of IMF Bailout Package as a Milestone for Pakistan

Islamabad, July 13, 2023 – Prime Minister Shehbaz Sharif has lauded the approval of a Stand-by Agreement totaling three billion dollars by the Executive Board of the International Monetary Fund (IMF) as a significant achievement.
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July 13, 2023
IMF Board Greenlights $3 Billion Stand-By Arrangement for Pakistan

Washington, DC, July 12, 2023 – In a move to bolster Pakistan economic stabilization efforts, the Executive Board of the International Monetary Fund (IMF) has granted its approval for a nine-month Stand-By Arrangement (SBA) worth SDR2,250 million (equivalent to approximately $3 billion or 111 percent of quota).
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July 12, 2023
PM Sharif Expresses Gratitude to Saudi Arabia for $2 Billion Deposit

Islamabad, July 12, 2023 – In a significant development for Pakistan’s economy, Prime Minister Shehbaz Sharif expressed his heartfelt thanks to Saudi Arabia for depositing a substantial amount of $2 billion with the State Bank of Pakistan (SBP).
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July 12, 2023
Sindh Government Approves 17.5% Increase in Pension for Civil Pensioners

Karachi, July 11, 2023 – In a move to provide relief to retired civil servants, the Sindh government has officially sanctioned a 17.5 percent increase in net pension, effective from July 1, 2023. This increase will apply to all civil pensioners across the province until further notice.
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July 11, 2023
Fitch Upgrades Pakistan’s Rating on Enhanced Liquidity and Funding Conditions

Pakistan’s Foreign-Currency Issuer Default Rating (IDR) has been upgraded by Fitch Ratings from ‘CCC-‘ to ‘CCC,’ signaling improved external liquidity and funding conditions, according to a statement issued Monday.
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July 10, 2023
PM Shehbaz Sharif Urges Swiss Companies to Invest in Renewable Energy and IT Sectors

In a bid to boost investment and collaboration in renewable energy and IT sectors, Prime Minister Shehbaz Sharif has extended an invitation to Swiss companies.
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July 9, 2023
Pakistan’s Middle Class Bears Brunt of Inflation as Kitchen Item Prices Soar

Islamabad, July 7, 2023 – Pakistan’s middle class is grappling with the impact of rising inflation, particularly the surge in prices of essential kitchen items, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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July 7, 2023
Pakistan to Raise Rs9.9 Trillion for Budget Financing in Next Three Months

Karachi, July 7, 2023 – In a bid to meet its budgetary requirements, Pakistan has announced plans to raise Rs9.9 trillion through the auction of securities over the next three months.
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July 7, 2023
Pakistan’s Foreign Exchange Reserves Surge to $9.746 Billion

Karachi, July 6, 2023 – Pakistan’s foreign exchange reserves have experienced a notable increase of $405 million within a week, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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July 6, 2023