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.

Prime Minister Kakar Urges Collaborative Approach for Economic Growth at SIFC Meeting

Islamabad, November 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar chaired the 7th meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) on Thursday, directing all stakeholders to actively pursue SIFC’s initiatives through collaboration for short to medium-term gains and laying the groundwork for long-term endeavors in the national interest.
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November 17, 2023
Pakistan Aims to Achieve $2 Trillion Economy Through Strategic Economic Reforms, Says Finance Minister

Karachi, November 16, 2023 – Dr. Shamshad Aktar, the Finance Minister of Pakistan, has asserted that Pakistan has the potential to become a $2 trillion economy by 2047 through the implementation of robust economic and sectoral policies.
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November 16, 2023
Foreign Exchange Reserves Decrease by $78 Million on External Debt Payments

Karachi, November 16, 2023 – The State Bank of Pakistan (SBP) on Thursday said that the country’s foreign exchange reserves have witnessed a decrease of $78 million due to external debt payments.
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November 16, 2023
IMF Reaches Agreement with Pakistan on First Review of $3 Billion Stabilization Program

Washington, DC, November 15, 2023 – The International Monetary Fund (IMF) disclosed on Wednesday that it has successfully reached a staff-level agreement (SLA) with Pakistani authorities on the first review of their stabilization program. The program, backed by the IMF’s $3 billion Stand by Arrangement (SBA), aims to bolster Pakistan’s economic stability.
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November 15, 2023
Prime Minister Anwaar-ul-Haq Kakar Reaffirms Commitment to IMF

Islamabad, November 15, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar, in a meeting held on Wednesday, reiterated the Pakistani government’s dedication to implementing the reform initiatives outlined in the agreement with the International Monetary Fund (IMF).
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November 15, 2023
Foreign Exchange Reserves Surge by $37 Million, Marking Positive Trend

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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November 10, 2023
Pakistan Records 26% YoY Growth in Total Debt in 1QFY24

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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November 10, 2023
Middle Income Groups in Pakistan Hit Hardest by Soaring Inflation

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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November 3, 2023
IMF Commends Pakistan for Achieving Fiscal Targets

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.
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November 3, 2023
Pakistan’s Weekly Foreign Exchange Reserves Decrease by $78 Million

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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November 2, 2023