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.
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.
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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.
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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.
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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.
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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…)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…)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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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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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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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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