The State Bank of Pakistan (SBP), said yesterday that, its foreign exchange reserves had decreased by 179 million U.S. dollars.During the week ending on Jun 2, the total foreign exchange reserves of the Pakistani central bank fell to around 3.9 billio…
Pakistan’s total public debt was recorded at Rs. 59,247 billion at the end-March 2023, registering an increase of Rs. 10,005 billion during the first nine months of the current fiscal year.The Economic Advisor’s Wing of the Finance Division noted in t…
Finance Minister Ishaq Dar has said that some hidden hands were involved in keeping the Pakistani rupee undervalued artificially.At the launch of ‘Economic Survey 2022-23’ on Thursday, the minister said it seemed that some hidden hands were involved i…
Pakistan’s industrial sector posted a negative growth of around 3 percent in the current fiscal year (FY23), according to the Pakistan Economic Survey 2022-23 unrelieved on Thursday.The performance of industrial sector is more dependent on the manufac…
The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the federal government, has determined the Regasified Liquified Natural Gas (RLNG) prices for Sui gas companies with effect from June 1st, 2023.Compared to offici…
The upcoming budget proposes doubling the advance income tax on automobile imports. Also, the government plans to impose a withholding tax on purchase receipts of cars rather than their engine capacity.The new budget has also proposed an increment in …
The Pakistani rupee dropped 4th day in a row against the US Dollar during intraday trade today after opening trade at 286.25 in the interbank market.The Pakistani rupee was initially stable in the first few hours with the interbank rate rising as high…
The government of Pakistan has proposed a budget of only Rs. 1.90 billion for the Inter-Provincial Coordination Division in the upcoming FY2023-24 budget.A total of Rs. 8.511 billion had been approved for various ongoing sports projects across the cou…
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal Tuesday announced that the government had approved GDP growth target of an estimated 3.5 percent for the 2023-24 financial year (FY24).Addressing a press conference after t…
Continuing effects of the August 2022 floods in Pakistan, compounded by worsening social tensions, high inflation, and policy uncertainty, are estimated to have limited growth to 0.4 percent in fiscal year 2022-23, a 1.6 percentage-point downward revi…
Darel Valley: A free medical camp was organized at the Darel Valley of Diamer District
Islamabad: Prime Minister Shehbaz Sharif has appealed to the nation to offer Salat al-Istisqa for
Islamabad: Finance Minister Muhammad Aurangzeb has called for innovative solutions aimed at supporting vulnerable communities,
Islamabad: Planning Minister Ahsan Iqbal has said the government is pursuing ambitious plans to elevate
Islamabad: Pakistan and Turkiye have agreed to enhance cooperation in the agricultural and industrial sectors.
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Copyright © 2024 Pakistan Press Release Point. All rights reserved.
