Islamabad, March 1, 2024 – Pakistan has achieved a remarkable 30% contraction in its trade deficit during the first eight months (July – February) of the fiscal year 2023-24, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…)Category: Pakistan
-
Pakistan’s Headline Inflation Hits 20-Month Low in February 2024
Karachi, March 1, 2024 – Pakistan’s headline inflation has reached a 20-month low in February 2024, according to analysts at Arif Habib Limited.
(more…) -
FBR Releases List of 3.35 Million Active Taxpayers for TY2023
Karachi, March 1, 2024 – In a bid to fortify its tax collection efforts and bolster the country’s fiscal health, the Federal Board of Revenue (FBR) unveiled a new list on Friday, spotlighting 3.35 million active taxpayers for the tax year 2023.
(more…) -
FBR Exceeds Eight-Month Revenue Collection Target
Islamabad, February 29, 2024 – The Federal Board of Revenue (FBR) has outperformed its revenue collection target for the first eight months (July – February) of the fiscal year 2023-24, demonstrating robust economic recovery and fiscal management.
(more…) -
Pakistan Raises Petrol Prices by Rs 4.13 per Liter
Islamabad, February 29, 2024 – In a move that is likely to exacerbate the financial strain on the already inflation-burdened populace, the outgoing caretaker government of Pakistan announced on Thursday a significant hike in the price of petrol by Rs 4.13 per liter, effective from March 1.
(more…) -
Pakistan Records $59 Million Drop in Weekly Forex Reserves
Karachi, February 29, 2024 – The State Bank of Pakistan (SBP) reported a significant drop of $59 million in the country’s weekly foreign exchange reserves on Thursday.
(more…) -
Pakistan Braces for Nationwide Thunderstorms on March 1, 2024
Islamabad, February 29, 2024 – The Pakistan Meteorological Department (PMD) has issued a forecast predicting widespread thunderstorms across all provinces in Pakistan on Friday, March 1, 2024.
(more…) -
Pakistan’s GDP Growth Turns Positive after Two Straight Negatives
Islamabad, February 29, 2024 – Pakistan’s Gross Domestic Product (GDP) has bounced back into positive territory, registering a growth of 2.1% in the first quarter of the fiscal year 2023-24, according to a report released by the Ministry of Finance on Thursday.
(more…) -
Pakistan Auto Makers Concerned Over 680% Surge in Car Imports
Karachi, February 29, 2024 – Auto manufacturers in Pakistan are sounding alarms over a staggering 680% surge in car imports during the first six months of the current fiscal year, raising fears of a collapse in the domestic industry.
(more…) -
FBR Directs Tax Offices to Remain Open Until 8:00 PM Today
Karachi, February 29, 2024 – The Federal Board of Revenue (FBR) has directed tax offices to remain open until 8:00 pm today, signaling an extended effort to ensure the timely collection of duty and taxes.
(more…)