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In February 2023, Pakistani cabinet approved 'Finance Supplementary Bill 2023' for Mini Budget. [4] The budget for FY 2022-23 aimed to raise Rs. 7 trillion ($34.6 billion) in tax revenue, raise Rs. 372 billion ($1.8 billion) from Sukuk and Eurobonds , target a primary surplus of 0.2% of GDP, target a fiscal deficit of 49% of GDP and meet IMF ...
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
21 March – 2023 Afghanistan–Pakistan earthquake, Parts of Afghanistan and Pakistan were hit by a strong earthquake measuring 6.8 on the Richter scale, resulting in casualties and property damage. At least 11 people died in Pakistan, and a total of ten deaths were reported in Afghanistan and Pakistan combined as a result of the earthquake.
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 February 2025 Pakistan inflation rate recorded 2.4% lowest in 9 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
West Indian cricket team in Pakistan in 2022; Killa Saifullah bus crash; 10 June – 2022-2023 Pakistan federal budget; 12 June – 2022 Karachi fire; 14 June – October - 2022 Pakistan floods; 17 June – Pakistan at the 2022 World Aquatics Championships; 21 June – June 2022 Afghanistan earthquake; 26 June – 2022 Sindh local government ...
Pakistan owes US$7.541 billion to Paris Club, US$38.813 billion to multilateral donors, US$7.596 billion to International Monetary Fund, and US$7.8 billion to international bonds such as Eurobonds, and Sukuks. [14] According to a report by AidData, Pakistan's total external debt owed to China amounted to $68.91 billion as of November 2023. [13]
In April 2023, the PCB announced the revised fixtures for the tour. [11] Prior to this tour, New Zealand toured Pakistan in December 2022 and January 2023 to play two Test matches and three ODIs. [12] [13] Pakistan defeated New Zealand by 88 runs in the first T20I, [14] and went on to win the second T20I by 38 runs to lead the series 2–0. [15]
Taxation in Pakistan is a complex system of more than 70 unique taxes administered by at least 37 agencies of the Government of Pakistan. [1] According to the FBR, in 2021, the number of registered tax filers had grown to 7.1 million, out of whom only 2.5 million were active tax filers. [ 2 ]