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.
Islamabad, June 4, 2023 – Prime Minister Muhammad Shehbaz Sharif has said that Pakistan and Turkey are set to increase their bilateral trade to $5 billion annually over the next three years.
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The delegation of Karachi Chamber of Commerce and Industry (KCCI) met Finance Minister Ishaq Dar to business support. The Finance Minister reassured that the government is committed to supporting the business and industrial sector to ensure economic growth and stability in the country.
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Karachi, June 2, 2023 – Pakistan’s import bill experienced a substantial increase of 43% in May 2023, reaching $4.28 billion compared to $2.99 billion in the previous month, according to official statistics released on Friday. In contrast, exports recorded a nominal increase, reaching $2.19 billion in May 2023 compared to $2.14 billion in April 2023.
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Pakistan’s foreign exchange reserves have experienced a decline of $218 million, reaching $9.513 billion by the week ended May 26, 2023, according to a statement by the central bank.
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Pakistan witnessed a significant surge in headline inflation as the Consumer Price Index (CPI) reached an unprecedented all-time high of 38% in May 2023.
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Islamabad, May 29, 2023: In a meeting with the Association of Builders and Developers of Pakistan (ABAD), Senator Mohammad Ishaq Dar, the Federal Minister for Finance and Revenue, announced the government’s commitment to introduce a business-friendly budget aimed at supporting the masses and bolstering economic growth. The gathering took place in Islamabad on Monday.
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Karachi, May 26, 2023 – Prime Minister Muhammad Shehbaz Sharif called upon the country’s exporters to adopt innovative and unique approaches to enhance exports, leading to valuable foreign exchange earnings for Pakistan.
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KARACHI: Former Finance Minister Miftah Ismail has expressed concerns over Pakistan’s fiscal situation, indicating a potential default by November 2023.
(more…)Karachi, May 25, 2023: Pakistan’s foreign exchange reserves witnessed a decline of $206 million, reaching $9.731 billion by the week ended May 19, 2023, according to the State Bank of Pakistan (SBP).
(more…)Pakistan’s economy faces a significant challenge as analysts at Arif Habib Limited predict that the country’s headline inflation will reach historic levels in May 2023.
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