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.

Pakistan Reports Surge in Essential Items Inflation by 37.07%

Islamabad, October 6, 2023 – Pakistan has reported a significant surge in inflation for essential items, with a staggering increase of 37.07 percent, primarily driven by a massive 118 percent rise in electricity charges, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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October 6, 2023
Pakistan’s External Debt Surges 39% Year-on-Year in August 2023

Karachi, October 5, 2023 – Pakistan’s external debt has experienced a staggering 39 percent year-on-year increase in August 2023, primarily attributed to a significant depreciation of the Pakistani rupee against the US dollar during this period.
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October 5, 2023
Pakistan’s Foreign Exchange Reserves Decrease to $13.03 Billion

Karachi, October 5, 2023 – Pakistan’s foreign exchange reserves have witnessed a decline, falling to $13.03 billion, as revealed by official data released by the central bank on Thursday.
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October 5, 2023
Pakistan Witnesses Massive 25% Decline in Imports During First Quarter of FY24

Karachi, October 2, 2023 – Pakistan economy official data reveals a staggering 25 percent decline in imports during the first quarter of the fiscal year 2023-24.
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October 2, 2023
Inflation in Pakistan Surges to 31.4% in September 2023

Karachi, October 2, 2023 – Official data released on Monday by the Pakistan Bureau of Statistics (PBS) reveals a sharp increase in headline inflation, which soared to 31.4 percent on a year-on-year basis in September 2023.
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October 2, 2023
Pakistan Implements Administrative Measures to Ease Inflation

Karachi, October 2, 2023 – Pakistan has taken significant steps to combat inflation and stabilize its economic outlook. Recent administrative measures aimed at improving the availability of essential food commodities and addressing supply constraints are yielding positive results, according to the Ministry of Finance’s monthly economic report.
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October 2, 2023
Pakistan’s Foreign Exchange Reserves Decline to $13.162 Billion

Pakistan’s foreign exchange reserves have dwindled to $13.162 billion as of the week ending September 22, 2023, marking a $24 million drop compared to the previous week’s level of $13.186 billion, according to the State Bank of Pakistan (SBP).
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September 28, 2023
PPL Explores Engagement with Sovereign Foreign Investors in Reko Diq Project

In a strategic move to enhance the development prospects of the Reko Diq Project, Pakistan Petroleum Limited (PPL) announced its intention to explore potential engagement with sovereign foreign investors.
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September 28, 2023
Pakistan’s September Inflation May Rise to 31.1% Due to High Energy Prices

Karachi, September 25, 2023 – Analysts have predicted that headline inflation in Pakistan for September 2023 could reach as high as 31.1 percent, primarily driven by surging energy prices. This projection comes as the country grapples with significant inflationary pressures.
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September 25, 2023
State-Owned Enterprises Report Annual Losses of Rs500 Billion, Says Finance Minister

Pakistan’s State-Owned Enterprises (SOEs) incurred significant annual losses of around Rs500 billion during the year 2022 due to inefficiencies and mismanagement, according to Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, Revenue, and Economic Affairs.
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September 21, 2023