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.

ECC Approves Retail Prices of 25 New Drugs in Pakistan

Islamabad, July 25, 2023 – The Economic Coordination Committee (ECC) of Pakistan, in a recent cabinet committee meeting chaired by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, has given the green light for the fixation of Maximum Retail Prices (MRPs) of 25 new drugs. This decision is expected to impact the pharmaceutical industry and consumers alike.
(more…)

July 25, 2023
Pakistan’s Imports from China Plummet 44% in FY23

Karachi, July 21, 2023 – Pakistan has experienced a substantial 44% decline in imports from China during the fiscal year 2022-23, according to data released by the State Bank of Pakistan (SBP).
(more…)

July 21, 2023
Pakistan’s Foreign Exchange Reserves Surge to $14.07 Billion, Boosted by Foreign Inflows

Karachi, July 20, 2023 – Pakistan’s foreign exchange reserves have experienced a substantial increase, reaching $14.07 billion, thanks to significant inflows from the International Monetary Fund (IMF) and other friendly countries.
(more…)

July 20, 2023
IMF Warns of Exceptionally High Economic Risks in Pakistan

Karachi, July 18, 2023 – International Monetary Fund (IMF) issued a warning on Tuesday, stating that Pakistan faces complex and multifaceted economic challenges, with risks that are exceptionally high.
(more…)

July 18, 2023
Foreign Direct Investment Plunges by 25% in Pakistan During FY23

Karachi, July 18, 2023 – Pakistan has experienced a significant decline of 25% in Foreign Direct Investment (FDI) during the fiscal year 2022-23, as revealed by data released by the State Bank of Pakistan (SBP) on Tuesday.
(more…)

July 18, 2023
Pakistan’s Current Account Deficit Narrows Sharply by 85% to $2.56 Billion

Karachi, July 18, 2023 – Pakistan has made significant progress in reducing its current account deficit, which stood at $2.56 billion for the fiscal year 2022-23. This represents a substantial 85% decrease compared to the previous fiscal year.
(more…)

July 18, 2023
Prices of Essential Items Jump by 29% in Pakistan

Islamabad, July 14, 2023 – Pakistan has witnessed a significant 29 percent increase in the prices of essential items, based on the Year on Year (YoY) comparison as of the week ending on July 13, 2023.
(more…)

July 14, 2023
Pakistan’s Foreign Exchange Reserves Increase to $9.84 Billion

Karachi, July 13, 2023 – Pakistan’s foreign exchange reserves have increased to $9.84 billion by week ended July 7, 2023, up $93 million from the previous week, according to the State Bank of Pakistan (SBP).
(more…)

July 13, 2023
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.
(more…)

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.
(more…)

July 13, 2023