Tag: economy
Pakistan’s trade deficit all-time high at $39.26bn
Pakistan’s trade deficit has jumped to all-time high at $39.264 billion in the last 10 months (July-April), showing an increase of 64.79 per cent...
Finance minister appreciates FBR on 28.7% growth in revenue
Federal Minister for Finance and Revenue, Miftah Ismail has appreciated the Federal Board of Revenue (FBR) for achieving 28.7 per cent growth in revenue,...
Saudi Arabia affirms support for Pakistan, augmenting $3 billion deposit
Pakistan and the Kingdom of Saudi Arabia have affirmed their stance to consolidate security and stability, renounce violence, extremism and terrorism, support the unity...
Newly established EAC lacks charter of economy: PBC
Barely two days after the finance ministry notified the establishment of the Economic Advisory Council (EAC) aim to review and formulate economic policies in...
Pakistan has ‘strategy’ to boost shrinking forex reserves: Miftah Ismail
Despite its fast-shrinking foreign exchange reserves which will inhibit imports of essential fuel, cooking oil and pulses, Pakistan says it will not be in...
No fresh borrowings from SBP, clarifies finance ministry
The Ministry of Finance has clarified that there had been no fresh borrowings by the government from the State Bank of Pakistan (SBP).“In fact,...
‘Govt aiming to bring economic stability’
Federal Minister for Finance and Revenue Miftah Ismail has said that the government was aiming to bring about economic and fiscal stability leading to...
World Bank says sustaining recovery requires addressing structural weaknesses of economy
The World Bank has lauded Pakistan's efforts and said that the country enjoyed a strong recovery and grew 5.6 per cent in FY21 following...
Remittances hit record high at $2.8 billion in March
Remittances from workers employed abroad rose to the highest level in history at $2.8 billion in March.According to the State Bank of Pakistan remittances...
World Bank forecasts Pakistan’s growth at 4.3
The World Bank has forecast Pakistan's economic growth at 4.3 per cent in the current financial year stating that the latest energy subsidies announced...