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Introduction: In the first month of the current fiscal year 2023-24 (FY24), Pakistan’s exports witnessed a decline of nearly 13%, impacting the country’s trade balance. Despite a decrease in imports and a narrowed trade deficit, economic challenges persist, leading to concerns about the country’s economic growth. Month-on-Month Decline: According to the Pakistan Bureau of Statistics (PBS), the country’s exports stood …

Introduction: Chinese Vice-Premier He Lifeng unveils an ambitious future plan for the China Pakistan Economic Corridor (CPEC) during a special ceremony celebrating a decade of progress. The plan emphasizes the importance of regional connectivity, economic integration, and inclusiveness, welcoming third-country participation to promote common development and prosperity. A Decade of Progress: CPEC, part of President Xi Jinping’s Belt and Road …

Introduction: The Federal Board of Revenue (FBR) announces its tax revenue collection for July 2023, falling slightly short of the target by Rs2 billion. Despite missing the monthly target, the FBR records a significant year-on-year increase of 15%, indicating positive growth in revenue collection. July 2023 Tax Revenue Collection: The FBR reveals that the tax revenue collected for July 2023 …