Karachi, April 22, 2024 – Pakistan has witnessed a notable decline in Foreign Direct Investment (FDI) during the first nine months of fiscal year 2023-24, with a 10 percent decrease compared to the same period last year, as reported by the State Bank of Pakistan (SBP).
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Pakistan and Iran Aim Bilateral Trade at $10 Billion Annually
Islamabad, April 22, 2024 – In a significant development aimed at bolstering economic ties between neighboring countries, Pakistan and Iran agreed on Monday to enhance bilateral trade and expand business activities in their border regions.
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Pakistan Posts $619 Million Current Account Surplus in March 2024
Karachi, April 22, 2024 – In a remarkable economic turn, Pakistan has registered a current account surplus of $619 million for the month of March 2024, as announced by the State Bank of Pakistan (SBP) on Monday.
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Pakistan Stock Market Achieves Fresh Peak at 71,433 Points
Karachi, April 22, 2024 – Pakistan stock market achieved fresh peak Monday, with the KSE-100 index reaching an unprecedented high of 71,433 points.
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Mari Petroleum Announces First Oil Discovery in Sindh
Karachi, April 22, 2024 – In a significant development for Pakistan’s energy sector, Mari Petroleum Company Limited (MPCL) revealed on Monday that it has discovered oil at the Shawal-1 exploratory well in the Sindh province.
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Pakistan Imports Mobile Phones Worth $1.30 Billion in 9 Months
In a significant uptick, Pakistan has imported mobile phones worth $1.30 billion during the first nine months (July – March) of the fiscal year 2023-24, marking a 181 percent increase from the same period last year. This surge compares to a modest $462 million in mobile phone imports during the corresponding months of the previous fiscal year, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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Iranian President Kicks Off Visit to Pakistan Starting April 22, 2024
In a significant diplomatic move, the President of the Islamic Republic of Iran, Dr. Seyyed Ebrahim Raisi, is set to arrive in Pakistan on Monday for a three-day state visit from April 22 to 24.
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Car Imports in Pakistan Skyrocket by 274% in 9MFY23
Pakistan has seen an unprecedented surge in car imports, with a 274 percent increase during the first nine months of the fiscal year 2023-24.
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FBR Intensifies Crackdown on Counterfeit Goods
The Federal Board of Revenue (FBR) has intensified crackdown on counterfeit goods to ensure compliance with digital tax stamp regulations on key commodities, including cigarettes, sugar, and fertilizers.
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Pakistan Discusses Reforms with Global Rating Agencies
In a crucial meeting held on Saturday, Finance Minister of Pakistan Muhammad Aurangzeb engaged with representatives from two of the world’s leading credit rating agencies, S&P Global and Fitch Ratings.
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