Finance Archives - Page 69 of 188

Pakistan Briefs IMF on Economic Stabilization Measures

Islamabad, September 21, 2023 – Pakistan’s caretaker Prime Minister, Anwaar-ul-Haq Kakar, met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in New York on the sidelines of the 78th UN General Assembly session to discuss the measures taken by the government to stabilize the country’s economy.

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September 21, 2023

ECC Authorizes Payment of Projected Net Salary for Employees of Pakistan Steel

Islamabad, September 19, 2023 – The Economic Coordination Committee (ECC) has given its authorization to the Finance Division for the disbursement of projected net salaries for the first six months of the Financial Year 2023-24.

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September 19, 2023

Pakistan Launches New Scheme to Attract Foreign Remittances

Karachi, September 16, 2023 – In an effort to encourage expatriate Pakistanis to send money back to their homeland, Pakistan has introduced a new incentive scheme.

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September 16, 2023

Caretaker Finance Minister Says Pakistan’s Economy Shows Signs of Recovery

Islamabad, September 15, 2023 – Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, Revenue, Economic Affairs, and Privatization, announced that Pakistan’s economy is displaying indications of recovery due to the efforts made by the caretaker government. Speaking at a press conference, Dr. Akhtar highlighted various positive economic indicators.

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September 15, 2023

Pakistan Records 22 Percent Decline in Electricity Charges: Official Statistics

Karachi, September 15, 2023 – In an unexpected revelation, official statistics indicate that Pakistan has experienced a remarkable 22 percent decline in electricity charges.

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September 15, 2023

Foreign Direct Investment Increases by 16.1% in July-August FY24

Karachi, September 14, 2023 – Foreign Direct Investment (FDI) in Pakistan has demonstrated a robust increase of 16.1 percent during the first two months of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Thursday.

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September 15, 2023

Pakistan Needs $24 Billion for Foreign Repayment in FY24

Karachi, September 14, 2023 – The governor of the State Bank of Pakistan (SBP) has revealed that Pakistan will require $24 billion for foreign repayment during the fiscal year 2023-24.

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September 14, 2023

Pakistan’s Current Account Deficit Shrinks by 54% in First Two Months of FY24

Karachi, September 14, 2023 – Pakistan’s current account deficit (CAD) has seen a substantial reduction of 54 percent during the first two months of the fiscal year 2023-24, according to data from the State Bank of Pakistan (SBP).

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September 14, 2023

SBP Reports $140 Million Decline in Official Foreign Exchange Reserves

Karachi, September 14, 2023 – The State Bank of Pakistan (SBP) has disclosed a decrease of $140 million in its official foreign exchange reserves for the week ending September 8, 2023.

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September 14, 2023

Prices of Wheat and Sugar Double in Basket of Essential Items: Pakistan Bureau

Karachi, September 8, 2023 – Alarming data released by the Pakistan Bureau of Statistics (PBS) on Friday reveals that the prices of wheat flour and sugar have doubled over the past year, adding to the economic challenges faced by the nation.

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September 8, 2023

Category: Finance