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
In an attempt to achieve the goals of its revenues for the current fiscal year, the federal government has increased the PLO (PL) by 18.02 rupees per liter of gasoline and 17.01 rupees per liter of high -speed diesel (HSD), since March 16, 2025. The updated oil tax is now 78.02 rupees per liter of … Read more
Peshawar: KPRA, KPRA, collected 41.9 billion rupees in the first ten months of the fiscal year 2024-25, which represents an increase of 40 % compared to the same period last year. This increase reflects a significant increase of 12 billion rupees over the amount of 29.9 billion rupees that were collected during July to April … Read more
Pakistan has witnessed an increase in imports of edible oils during the first three quarters of the current fiscal year, as soy oil imports increased by 116.37 % and palm oil rose by 23.42 %, compared to the same period last year, according to the data of the Pakistani Statistics Office. From July to March … Read more
Islamabad: Crude food exports in Pakistan increased by 1.62 % to 5.75 billion dollars during the first nine months of the current fiscal year, compared to $ 4.66 billion in the same period last year. This increase was primarily driven by higher charges of sugar and basmati rice, despite the challenges of continuous food inflation … Read more
Islamabad: Pakistan is expected to increase the defense budget by 159 billion rupees for the next fiscal year 2025-1025, which amounts to the total allocation to 281 billion rupees, according to a report issued by Express News. Official sources indicate that the proposed budget represents an increase of 7.49 % compared to the allocation of … Read more
The federal government is considering reducing the average corporate tax and providing the broader tax exemptions in the coming budget for the fiscal year 2025-26, as it looks forward to supporting economic activity and creating job opportunities by taking advantage of the improved financial space that was created through low global oil prices and a … Read more
Pakistan has informed the International Monetary Fund (IMF) that it is expected that the economy will grow by 3.1 % in the current fiscal year, with a largely balanced current account supported by increased transfers. According to reports, the government plans to continue economic stability policies in the coming fiscal year with a higher growth … Read more
IslamabadPakistan’s exports witnessed an increase of 7.22 % during the first seven months of the current fiscal year, reaching 5,448 trillion rupee compared to 5.081 trillion rupees in the same period last year, according to the Pakistani Statistics Office (PBS). The temporary figures issued by PBS show that exports during January 2025 amounted to 822,732 … Read more
The Federal Chairman (FBR) Rashid Mahmoud Langeral attributed the revenue deficit in the first half of the fiscal year 25 to an independent growth less than expected, driven by the stability of the exchange rate, subjugation inflation, and the intelligence of the slow GDP and the manufacturing sector. The Senate Standing Committee reported that these … Read more