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, June 22, 2023 – Pakistan’s foreign exchange reserves have experienced a significant decline, dropping by $514 million over the past week, according to the State Bank of Pakistan (SBP).
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KARACHI: Pakistan’s current account deficit witnessed a significant reduction of 81 percent during the first eleven months (July – May) of the fiscal year 2022-23, compared to the same period in the previous fiscal year.
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Islamabad, June 17, 2023: President Dr. Arif Alvi emphasized the urgent need for Pakistan’s business and industrial sectors to embrace Artificial Intelligence (AI)-based solutions to address their challenges and enhance efficiency and productivity.
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In response to concerns raised by the International Monetary Fund (IMF) regarding Pakistan’s budget for the fiscal year 2023-24, the country’s finance minister issued a statement on Friday, addressing the issues raised and reaffirming Pakistan’s commitment to the IMF program.
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Islamabad, June 16, 2023 – The Pakistan Bureau of Statistics (PBS) reported a 0.2 percent increase in weekly prices of essential items for the week ending on June 15, 2023, compared to the previous week.
(more…)Karachi, June 15, 2023: Pakistan’s foreign exchange reserves saw a modest increase of $43 million for the week ending June 9, 2023, according to the State Bank of Pakistan (SBP).
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Islamabad, June 14, 2023: The Senate Standing Committee on Finance and Revenue recently conducted a comprehensive review of the proposed customs duty amendments introduced through the Finance Bill 2023.
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Karachi, June 10, 2023: The Sindh province has allocated approximately Rs690 billion for the upcoming fiscal year 2023-24, as announced by the Sindh Chief Minister during the budget presentation on Saturday.
(more…)Karachi, June 10, 2023: The Sindh province has made a momentous announcement today, revealing substantial raises in salary and pension for government employees, as well as an increase in the minimum wages for individuals working in the private sector.
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Islamabad, June 10, 2023: Finance Minister Senator Mohammad Ishaq Dar on Saturday expressed strong confidence in the government’s ability to achieve the targeted 3.5 percent growth of Gross Domestic Product (GDP) for the fiscal year 2023-24.
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