Tag: Pakistan Economy
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RCCI Advocates for Policy Rate Cut in Pakistan
Understanding the RCCI’s Recommendation The Rawalpindi Chamber of Commerce and Industry (RCCI) has made a bold recommendation to the State Bank of Pakistan (SBP) for a significant cut in the policy rate. The chamber has pointed out that a reduction of at least 3% could potentially stimulate economic activity and foster financial stability within the…
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Economic Impact of Punjab Floods on Agriculture
Introduction In recent weeks, Punjab, Pakistan’s most populous province and agricultural backbone, has faced devastating floods caused by relentless torrential rains. These natural disasters have wreaked havoc on the region, affecting approximately 4.3% of the cultivated land. Experts are increasingly concerned that the damage to farmland will have long-lasting repercussions on the country’s economy. Flood…
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Pakistan’s Forex Reserves Increase: September Update
Overview of Pakistan’s Forex Reserves As of September 5, 2023, Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) witnessed a modest increase of $34 million, bringing the total to approximately $14.34 billion. This rise is significant considering the economic challenges the country has faced in recent years. Current Status of Total…
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State Bank’s Foreign Exchange Reserves Increase
Overview of the Latest Reserves Update In a significant yet modest development for Pakistan’s financial landscape, the foreign exchange reserves held by the State Bank of Pakistan (SBP) saw an uptick of $34 million during the week that ended on September 5, 2025. This change brings the total reserves to $14.3 billion, marking a crucial…
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Pakistan’s SBP Forex Reserves Increased to $14.34 Billion
Overview of Pakistan’s Forex Reserves As of September 5, 2023, the foreign exchange reserves held by the State Bank of Pakistan (SBP) have shown a positive trend, increasing by $34 million to reach $14.336 billion. This significant rise in reserves reflects the ongoing efforts of the central bank to stabilize the country’s economy in a…
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State Bank’s Reserves Rise Marginally by $34 Million
Overview of Pakistan’s Foreign Exchange Reserves Pakistan’s foreign exchange reserves have seen a slight uptick, reflecting a modest improvement in the financial landscape. As of September 5, 2025, the State Bank of Pakistan (SBP) reported an increase of $34 million, bringing its total reserves to $14.3 billion. Recent Trends in Foreign Exchange Reserves This rise,…
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SBP Forex Reserves Increase by $34 Million to $14.34 Billion
Overview of SBP Forex Reserves The State Bank of Pakistan (SBP) announced on Thursday that the country’s foreign exchange reserves have seen a notable increase. As of September 5, 2023, the reserves rose by $34 million, bringing the total to $14.336 billion. This rise is significant as it reflects the financial health and stability of…
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FBR’s Ambitious Plan to Boost Tax-to-GDP Ratio to 18%
Introduction The Federal Board of Revenue (FBR) of Pakistan has recently unveiled a comprehensive transformation plan intended to significantly increase the country’s tax-to-GDP ratio from 10.24% to 18%. This ambitious initiative aims not only to enhance fiscal stability but also to bolster economic growth in the region. Understanding the Tax-to-GDP Ratio The tax-to-GDP ratio is…
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FBR’s Plan to Enhance Pakistan’s Tax-to-GDP Ratio
Introduction The Federal Board of Revenue (FBR) of Pakistan has initiated a transformative plan aimed at significantly increasing the country’s tax-to-GDP ratio from the current 10.24% to 18%. This ambitious target, presented in a briefing to prominent business leaders in Islamabad, seeks to bolster the nation’s economic stability and foster sustainable growth. The Current Tax…
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FBR’s Vision to Boost Tax-to-GDP Ratio to 18%
Introduction In a significant move aimed at revitalizing Pakistan’s economy, the Federal Board of Revenue (FBR) has recently unveiled an ambitious transformation plan. This plan seeks to elevate the country’s tax-to-GDP ratio from its current level of 10.24% to an impressive 18% within the medium term. By engaging with leading business figures, the FBR is…