Islamabad, October 31, 2023 – In a bid to achieve long-term fiscal sustainability, Pakistan has set its sights on eliminating tax exemptions.
Karachi, October 2, 2023 – Pakistan has taken significant steps to combat inflation and stabilize its economic outlook. Recent administrative measures aimed at improving the availability of essential food commodities and addressing supply constraints are yielding positive results, according to the Ministry of Finance’s monthly economic report.
Islamabad, September 7, 2023 – Pakistan has officially denied recent reports suggesting a ban on the Rs 5000 denomination banknote. The Ministry of Finance issued a statement on Thursday to address the circulating rumors and clarify the situation.
Islamabad, September 6, 2023 – Pakistan has officially contested the findings of the Gallup Business Confidence Survey, which was recently published in a local financial daily newspaper.
Islamabad, September 5, 2023 – Pakistan has officially determined the amount of diyat (compensation) for the fiscal year 2023-24, setting it at Rs 6.76 million.
Islamabad, August 18, 2023 – Pakistan’s fiscal performance for the fiscal year 2022-23 was unveiled on Thursday, indicating a reduction in the budget deficit to 7.7 percent coupled with a notable increase in expenditures by more than 21 percent.
Islamabad, August 3, 2023 – In a significant move, the federal government has extended the 35 percent increase in salary, previously announced for all federal government employees in the budget 2023-24, to employees of autonomous and semi-autonomous bodies as well as corporations.
Islamabad, June 8, 2023: The Ministry of Finance in Pakistan is set to launch the Economic Survey of Pakistan for the fiscal year 2022-2023 today.
The finance ministry on Sunday debunked a circulating social media notification claiming an increase in petroleum prices as ‘fake.’
The economic indicators released by the finance ministry have shown that the Pakistan economy has slowed down even further.