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.
Pakistan’s economy is still facing significant challenges, with high inflation and a slowdown in economic activity. Persisting risks to the fiscal side are consequent to below the target set for the first nine months of the current fiscal year.
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Headline inflation in Pakistan is set to reach a historic high of 36.5% in April 2023, according to analysts at Arif Habib Limited on Friday.
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Pakistan’s foreign exchange reserves have improved to over $10 billion by the week ended April 20, 2023, according to the State Bank of Pakistan (SBP).
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On April 27, 2023, a report stated that Pakistan’s economy is facing critical challenges that require urgent solutions. To address these challenges, the country must unlock foreign flows, which are crucial for its economic stability.
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Pakistan has been facing a number of challenges, both economic and political, in recent years. The political crisis has only added to the existing economic woes, creating further uncertainty and instability.
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Prime Minister Shehbaz Sharif chaired a crucial meeting to address the soaring prices of sugar and the pervasive issues of smuggling and hoarding in the country.
(more…)Pakistan’s foreign exchange reserves have increased by over $400 million to $9.965 billion by the week ended April 14, 2023, according to the State Bank of Pakistan (SBP) on Thursday.
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In a positive development, Pakistan’s current account has posted a surplus of $654 million in March 2023 after 28 months or since November 2020.
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On Saturday, the Minister for Finance and Revenue of Pakistan, Senator Mohammad Ishaq Dar, held a virtual meeting with Jin Liqun, the President of the Asian Infrastructure and Investment Bank (AIIB), as part of the International Monetary Fund (IMF) and World Bank Spring meetings 2023.
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On Thursday, Pakistan’s Economic Coordination Committee (ECC) approved interest-free loans for electric bikes and electric rickshaws. The move is aimed at encouraging the manufacturing of electric vehicles in the country.
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