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In early September 2023, the Pakistani government under administration of the Pakistan Armed Forces initiated a crackdown targeting both individuals and organizations engaged in various forms of smuggling, with a particular focus on essential commodities such as wheat, sugar, urea, oil, dollars as well as power theft, hoarding, and illegal currency exchange.
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.
In early September 2023, the Pakistani government under administration of the Pakistan Armed Forces initiated a crackdown targeting both individuals and organizations engaged in various forms of smuggling, with a particular focus on essential commodities such as wheat, sugar, urea, oil, dollars as well as power theft, hoarding, and illegal currency exchange.
Pages in category "April 2023 in Pakistan" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. 0–9.
In February 2023, a Moody economist predicted that inflation in Pakistan could average 33% in the first half of the year 2023. [48] China lent Pakistan further 700 million dollars to shore up Forex reserves. [49] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [50]
In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023. This marks a significant surge compared to the 31.5% increase recorded in the previous month and the 12.7% rate seen in March 2022.
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
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.