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In a remarkable turnaround, Pakistan’s inflation rate decreased to 9.6% in August 2024, the lowest level since October 2021. This significant milestone marks the first time in three years that inflation has entered the single-digit range, offering a beacon of hope for a nation long burdened by economic challenges. The Journey from 38% to 9.6%…
What will be Pakistan’s Financial Future? Answer is lets hope in right direction as Pakistan is looking to borrow up to $4 billion from commercial banks in the Middle East by next year. This move aims to fill the gaps in the country’s external financing. The Governor of the State Bank of Pakistan, Jameel Ahmad,…
The Federal Board of Revenue (FBR) has announced a final deadline of September 30 for submitting income tax returns for the financial year 2023-24. This deadline is crucial for all taxpayers, as failure to meet it will result in legal action and penalties. Individual filers who miss the deadline will face a minimum penalty of…
In a welcome turn of events, the State Bank of Pakistan (SBP) has reported a modest increase of USD 19 million in its liquid foreign exchange reserves, bringing the total to a respectable USD 9.291 billion as of August 16, 2024. This slight uptick is a positive sign, indicating a cautious improvement in Pakistan’s financial…
Owning a home is a keystone of wealth… both financial affluence and emotional security.