Pakistan recorded a financial deficit of 2.4 % of GDP – which reaches 2.97 trillion rupees – during the first nine months of the fiscal year 2024-25 (July 2024 to March 2025), as indicated at Topine Securities. This represents an improvement in the 3.7 % deficit registered during the same period last year. For January … Read more
IslamabadPakistan’s trade deficit by 7.5 % on an annual basis (YOY) in March 2025, to $ 2.119 billion, a decrease of $ 2.288 billion in the same month last year, as in the data issued by the Pakistani Statistics Office (PBS) on Thursday. In March 2025, the total exports amounted to $ 2.6 billion, which … Read more
IslamabadThe trade deficit in Pakistan increased by more than 33 % on an annual basis (YOY), reaching $ 2.3 billion in February 2025, compared to $ 1.72 billion in the same month 2024, according to data from the Pakistani Statistics Office (PBS), which was issued on Monday. The commercial imbalance expanded with a decrease in … Read more
Pakistan’s budget recorded a deficit of 1.54 trillion rupee, or 1.2 % of GDP, in the first half of the fiscal year 2024-25, after a statistical variation of 0.43 trillion rupee converting a preliminary surplus into a deficit. The deficit appears before the first review of the international talks in the International Monetary Fund (the … Read more
IslamabadThe trade deficit in Pakistan expanded by 18 percent on an annual basis (YOY) in January 2025, to reach $ 2.3 billion, up from $ 1.96 billion in the same month of the previous year, according to the data issued by the Pakistani Statistics Office (PBS) on a day Monday. In January 2025, exports witnessed … Read more
Pakistan’s trade deficit with nine neighboring countries rose sharply by 43.22% to reach $5.328 billion in the first half of fiscal year 2025 (1HFY25), compared to $3.72 billion in the same period last year, according to data from the Bank Pakistani state. SBP). The widening trade gap is primarily due to a significant increase in … Read more
ISLAMABAD: Pakistan’s per capita debt rose by 11.3% to nearly Rs 302,000 at the end of fiscal year 2024, as the government failed to adhere to the fiscal deficit limit set by the Fiscal Responsibility and Debt Reduction Act, 2005. The 2025 Fiscal Policy Statement, submitted to the National Assembly on Tuesday, revealed that the … Read more
France’s postponed 2025 budget bill aims to achieve a deficit “slightly above 5%” to protect economic growth, new French Finance Minister Eric Lombard said in an interview with French financial weekly newspaper La Tribune Dimanche. Lombard, who previously led the Trust, was tasked with passing the budget through Parliament after the previous government was defeated … Read more
The Federal Board of Revenue (FBR) is facing a steep shortfall of Rs 1 trillion to meet its tax collection target of Rs 6.009 trillion for the July-December period, a key condition under Pakistan’s agreement with the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb expressed hope during a press conference on Thursday that the … Read more
IslamabadPakistan’s trade deficit significantly shrank by 18.60% year-on-year in November 2024, falling to $1.589 billion from $1.952 billion recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS). Pakistan’s exports rose 8.98% year-on-year, to $2.804 billion in November 2024 from $2.573 billion in November 2023. Imports fell … Read more