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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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Islamabad, June 9, 2023: The Pakistani government has allocated Rs1,150 billion for the Public Sector Development Program (PSDP) for the upcoming fiscal year, as per the official budget documents released on Friday.
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Islamabad, June 9, 2023: The Pakistani government has set a target of 3.5 percent GDP growth for the fiscal year 2023-24, according to sources at the Ministry of Planning, Development, and Special Initiatives.
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Islamabad, June 8, 2023 – The recently released Pakistan Economic Survey 2022-23 highlights that exchange rate fluctuations have contributed to an increase of approximately Rs6.8 trillion in the country’s external debt.
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Islamabad, June 8, 2023 – The recently released Pakistan Economic Survey 2022-23 highlights that Pakistan has successfully managed to contain its current account deficit by implementing import restrictions. However, the pressure on foreign exchange reserves persists, creating challenges for the economy.
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Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23, released on Thursday, identifies weaker exchange rates and supply disruption caused by floods as key factors contributing to high inflation in the country.
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Karachi, June 8, 2023: The State Bank of Pakistan’s (SBP) official foreign exchange reserves have dipped below the level of one-month import cover, according to data released on Thursday.
(more…)Islamabad, June 8, 2023: Pakistan is set to achieve a significant reduction in its budget deficit for the fiscal year 2022-23, thanks to focused fiscal consolidation efforts, as revealed by the Pakistan Economic Survey 2022-23 on Thursday.
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