Islamabad, February 28, 2024 – In a bid to ensure prudent utilization of public funds, Pakistan has announced a series of austerity measures for the fiscal year 2023-24.
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Pakistan’s Budget Deficit Widens to 2.3% in 1HFY24
Karachi, January 29, 2024 – The Ministry of Finance in Pakistan has announced that the budget deficit for the first half of the fiscal year 2023-24 (July to December) has expanded to 2.3% of the Gross Domestic Product (GDP).
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Finance Ministry Refutes Reports of Delay in Salaries
Islamabad, December 23, 2023 – The Ministry of Finance in Pakistan has vehemently denied recent reports suggesting delays in the disbursement of government employee salaries and the release of funds for crucial development projects.
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Pakistan Grants Early Salary Payment for Christmas Festivities
Islamabad, December 15, 2023 – In a gesture of goodwill and inclusivity, the Pakistan government has announced the early disbursement of salaries for the month of December 2023 to the Christian community, allowing them to celebrate Christmas with financial ease and joy.
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Pakistan Aims to Eliminate Tax Exemptions for Fiscal Sustainability
Islamabad, October 31, 2023 – In a bid to achieve long-term fiscal sustainability, Pakistan has set its sights on eliminating tax exemptions.
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Pakistan Implements Administrative Measures to Ease Inflation
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.
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Pakistan Refutes Reports of Ban on Rs 5000 Banknote
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.
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Pakistan Rejects Gallup Business Confidence Survey
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.
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Pakistan Sets Diyat (Compensation) Amount at Rs 6.76 Million for FY 2023-24
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.
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Pakistan’s Budget Deficit Narrows to 7.7% with 21% Surge in Expenditures in FY23
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.
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