Pakistan Budget 2024-25 At A Glance
Islamabad: The Federal Government of Pakistan unveiled its budget for the fiscal year 2024-25 on Wednesday, June 12, 2024, totaling an ambitious Rs 18.877 trillion.
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Tag: finance ministry
Pakistan Making Tough Economic Decisions for Better: Aurangzeb
Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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Pakistan Urges World Bank for Expanding Development Portfolio
Islamabad, May 8, 2024 – In a meeting held on Wednesday, Pakistan has made a strong appeal to the World Bank to broaden its development activities in the country by incorporating innovative financing mechanisms and boosting private sector engagement.
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Pakistan’s Fiscal Deficit Swells 27% to Rs 3.9 Trillion in 9MFY24
Karachi, May 2, 2024 – Pakistan’s fiscal landscape has shown significant volatility, as the nation’s fiscal deficit expanded by 27% year-on-year (YoY), reaching Rs 3.9 trillion in the first nine months of the fiscal year 2023-24, data from the Ministry of Finance revealed.
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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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Former HBL CEO Assumes Role as Pakistan’s Finance Minister
Islamabad, March 12, 2024: Muhammad Aurangzeb, the former Chief Executive Officer (CEO) of Habib Bank Limited (HBL), has officially assumed the role of Pakistan’s Finance Minister.
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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.
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Pakistan Bans Vehicle Purchases Under Austerity Measures
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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