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Tag: fiscal year

IT exports
Business Pakistan
  • Web Desk
  • Aug 25, 2025
Pakistan’s IT exports hit historic high in July 2025

IT exports for July 2025 also surpassed the 12-month average, signaling sustained growth momentum in the country’s digital economy.

PSX opens strong
Business
  • Web Desk
  • Jul 01, 2025
PSX jumps over 800 points at Tuesday open

With sentiment riding high and macro support in place, PSX appears well positioned as it steps into the new fiscal year, analysts said.

The World Bank released its latest Economic Prospects report, detailing Pakistan's economy gradually recovering but amidst huge challenges.
Pakistan
  • Web Desk
  • Jan 17, 2025
World Bank report paints a cautious picture of Pakistan’s economy

The report detailed persistent issues such as high unemployment, ongoing inflationary challenges and the urgent need for structural reforms.

The International Monetary Fund (IMF) predicted a decline in inflation and employment rates for Pakistan in a report published its World Economic Outlook Report for 2024.
Business
  • Web Desk
  • Oct 23, 2024
IMF predicts decline in inflation, employment for Pakistan

The prediction is based on onging economic reforms and stabilisation efforts, aimed at mitigating the impact of high inflation and fiscal imbalances.

Finance Bill 2024
Business
  • Web Desk
  • Jun 30, 2024
Finance Bill, Budget FY2024-25 signed by the President

A signed copy of the Finance Bill has also been sent to the Parliament. The Rs 18.877 trillion budget was presented by the federal government to the National Assembly on June 28, 2024 amid opposition’s protests.

SBP forex reserves
Business
  • Web Desk
  • May 30, 2024
SBP reserves drop by $63.3 million due to debt repayments

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $63.3 million, or 0.69 per cent, to $9.09 billion.

Federal budget
Business
  • Web Desk
  • May 13, 2024
Fiscal year 2024-25 budget likely to be presented on June 7

Sources said that the estimate for tax revenue is over Rs 11,000 billion, with direct taxes expected to contribute Rs 5,300 billion and federal excise duty expected to contribute Rs 680 billion.

Punjab Revenue Authority
Business
  • Web Desk
  • Apr 06, 2024
Punjab Revenue Authority surpasses revenue collection targets

PRA has achieved a significant milestone in revenue collection, marking a remarkable increase of 26 per cent in March 2024.

Pakistan economy 2024
Business
  • Web Desk
  • Apr 06, 2024
UN forecasts modest economic growth amid challenges in Pakistan

The UN report further suggests that in the following fiscal year, FY25, the GDP growth is likely to experience a slight increase to 2.3 per cent, while inflation is projected to decrease to around 12.2 per cent.

Pakistan's debt and interest payments
Business
  • Web Desk
  • Feb 22, 2024
Pakistan’s debt payments hit $7.3 billion

Pakistan has revealed its debt and interest payment figures for 1HFY24, indicating significant financial obligations.

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