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Karachi, May 16, 2025 – Pakistan has recorded a notable turnaround in its external sector by posting a current account surplus of $1.88 billion during the first ten months (July to April) of the current fiscal year 2024-25, according to the State Bank of Pakistan (SBP).
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Karachi, May 15, 2025 – The foreign exchange reserves of Pakistan witnessed a notable increase of $131 million during the week ending May 9, 2025, even before accounting for the incoming tranche from the International Monetary Fund (IMF).
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Karachi, May 14, 2025 – The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received a $1.023 billion disbursement from the International Monetary Fund (IMF) under the ongoing Extended Fund Facility (EFF) program.
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Islamabad, May 13, 2025 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has reaffirmed the government’s firm commitment to dismantling the long-standing protectionist economic regime and leveling the playing field for all sectors of the economy.
(more…)Karachi, May 13, 2025 — Pakistan’s debt burden continues to grow, as the country’s total central government debt rose by 13% year-on-year, reaching Rs73.69 trillion by the end of March 2025.
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Islamabad, May 9, 2025 – Prime Minister Shehbaz Sharif on Friday confirmed that the International Monetary Fund (IMF) has approved a $1 billion tranche for Pakistan, marking a key milestone in the country’s efforts to stabilize its economy and restore investor confidence.
(more…)Islamabad, May 9, 2025 – Major international tobacco companies have urged Finance Minister Muhammad Aurangzeb to reform Pakistan’s excise duty framework in order to combat illicit trade, increase tax revenue, and stabilize the formal tobacco sector.
(more…)Karachi, May 8, 2025 – Pakistan’s forex position showed improvement this week as the State Bank of Pakistan (SBP) reported a notable increase of $231 million in the country’s overall foreign exchange reserves.
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Islamabad, May 7, 2025 — Pakistan’s fiscal indicators showed notable improvement during the first nine months of the ongoing fiscal year (July–March FY2024-25), as the federal budget deficit shrank to 2.4% of GDP, down significantly from 3.7% recorded during the same period last year. The Ministry of Finance released these figures on Wednesday, attributing the fiscal improvement to a surge in both tax and non-tax revenues.
(more…)Islamabad, May 7, 2025 – Finance Minister Muhammad Aurangzeb has reaffirmed the resilience of Pakistan’s financial system, emphasizing that it remains stable, secure, and well-coordinated despite growing regional tensions.
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