General Economic Updates
- Thread starter Sainthood 2.0
- Start date
hydrabadi_arab
SpeedLimited
SBP's Strategic Foreign Exchange Interventions and Reserve Trendso Between Jun'24 and Mar'25,
the SBP conducted net foreign exchange interventions of USD 6.8bn.
• Resulted in a USD 1.3bn increase in the country's foreign exchange reserves.
• Remaining amount was allocated towards managing debt repayments.
In Mar'25, the SBP reported net foreign exchange interventions of USD 860mn.
hydrabadi_arab
SpeedLimited
Fatman17
Moderator
Editorial: Crucial to support any government action that aims at broadening the tax base.
Read the full editorial: https://www.dawn.com/news/1924066
Fatman17
Moderator
Finance Minister Muhammad Aurangzeb on Monday said that the additional powers granted to the Federal Bureau of Revenue (FBR) had nothing to do with income tax.
The expanded enforcement powers for the FBR include the authority to block high-value financial transactions by non-filers — such as vehicle and property purchases, investment in securities and mutual funds, and opening certain prestigious bank accounts — along with powers to seal unregistered business premises, confiscate goods and recover taxes from firms, including those in the public sector. The move has generated criticism from many quarters.
Read more: https://www.dawn.com/news/1924164
The expanded enforcement powers for the FBR include the authority to block high-value financial transactions by non-filers — such as vehicle and property purchases, investment in securities and mutual funds, and opening certain prestigious bank accounts — along with powers to seal unregistered business premises, confiscate goods and recover taxes from firms, including those in the public sector. The move has generated criticism from many quarters.
Read more: https://www.dawn.com/news/1924164
Fatman17
Moderator
ISLAMABAD:
The International Monetary Fund (IMF) has reacted to a major breach of the $7 billion programme and conveyed its reservations about the government's decision to import 500,000 metric tonne of sugar by waiving taxes, in violation of written commitments.
Fatman17
Moderator
The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre and that of high-speed diesel (HSD) by Rs11.37 for the next fortnight.
A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries.
The new petrol price is Rs272.15 per litre and Rs284.35 for HSD.
The press release did not mention any changes in the prices of kerosene and light diesel oil.
But inflation is 0.37%
A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries.
The new petrol price is Rs272.15 per litre and Rs284.35 for HSD.
The press release did not mention any changes in the prices of kerosene and light diesel oil.
But inflation is 0.37%
Fatman17
Moderator
Editorial: With our weak economy and poor public services, we run the risk of each flood not just washing away our homes, but our very futures.
Read the full editorial: https://www.dawn.com/news/1924544
Yasser76
Elite Member
S&P Global lifts Pakistan's credit rating 'B-' from 'CCC+', outlook stable
www.geo.tv
S&P Global lifts Pakistan's credit rating 'B-' from 'CCC+', outlook stable
Pakistan's credit upgrade to aid global market access: PMImproved rating shows confidence in economic policies: PMS&P cites IMF support, steady recovery in decisionS&P Global raised Pakistan's...
www.geo.tv
Pakistanithinktank
Registered Member
It’s astonishing how Saudi Arabia, a desert kingdom is making serious strides in aquaculture, aiming to become a major global seafood exporter within the next decade. Their investment in cutting edge fish farming tech, marine hatcheries, and coastal infrastructure is no small feat.
Meanwhile, Pakistan, blessed with a long coastline, rich marine biodiversity, ideal climate, and a massive labor force, continues to ignore its seafood potential. Instead of nurturing a sustainable blue economy, it keeps limping back to the IMF with an empty bowl.
This isn’t just economic negligence, it’s strategic blindness.
• Gwadar and Karachi could be seafood export hubs.
• Shrimp farming in Sindh and Balochistan could rival Southeast Asia.
• Integrated cold chains and modern fishing vessels could lift entire communities out of poverty.
Yet here we are, wasting resources, watching others lead a race we should’ve started decades ago.
Meanwhile, Pakistan, blessed with a long coastline, rich marine biodiversity, ideal climate, and a massive labor force, continues to ignore its seafood potential. Instead of nurturing a sustainable blue economy, it keeps limping back to the IMF with an empty bowl.
This isn’t just economic negligence, it’s strategic blindness.
• Gwadar and Karachi could be seafood export hubs.
• Shrimp farming in Sindh and Balochistan could rival Southeast Asia.
• Integrated cold chains and modern fishing vessels could lift entire communities out of poverty.
Yet here we are, wasting resources, watching others lead a race we should’ve started decades ago.
Pakistanithinktank
Registered Member
15,000 NGOs are working in Karachi.
If you take out remittances and Zakat and Sadqah support from overseas Pakistani and IMF support, what is left of Pakistani economy?
If you take out remittances and Zakat and Sadqah support from overseas Pakistani and IMF support, what is left of Pakistani economy?
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