Latest news with #Rs6.17
Business Recorder
11-08-2025
- Business
- Business Recorder
Re0.25pc appreciation
KARACHI: Rupee gained further against the US dollar in the inter-bank market as it appreciated by Re0.25 or 0.09 percent during the previous week. The local unit closed at 282.47, against 282.72 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP). The inflow of overseas workers' remittances into Pakistan stood at $3.2 billion in July 2025, the SBP data showed. Remittances increased by 7.4 percent year over year, compared to $3 billion recorded in the same month last year. On a monthly basis, remittances were down 6 percent, compared to $3.4 billion in June. Foreign exchange reserves held by the SBP decreased by $72 million on a weekly basis, reaching $14.2 billion as of August 1, 2025. The country's total liquid foreign reserves stood at $19.50 billion, including $5.3 billion held by commercial banks. Pakistan's budget deficit was recorded at Rs6.17 trillion, i.e. 5.4 percent of the gross domestic product (GDP), during the fiscal year 2024-25, marking a 9-year low, showed data released by the Ministry of Finance. A summary of consolidated federal and provincial fiscal operations for July-June 2024-25, released by the Finance Division during the previous week showed that total revenue stood at Rs17.997 trillion (15.7 percent of the GDP) against the total expenditure of Rs24.165 trillion (21.1 percent of the GDP) during the fiscal year, hence budget deficit has been recorded at Rs6.168 trillion (5.38 percent of the GDP). Open-market rates In the open market, the PKR gained 76 paise for buying and 40 paise for selling against USD, closing at 283.86 and 284.90, respectively. Against Euro, the PKR lost 5.91 rupees for buying and 6.40 rupees for selling, closing at 330.10 and 332.20, respectively. Against UAE Dirham, the PKR gained 16 paise for buying and 15 paise for selling, closing at 77.29 and 77.55, respectively. Against Saudi Riyal, the PKR gained 22 paise for buying and 15 paise for selling, closing at 75.53 and 75.85, respectively. ========================================= THE RUPEE ========================================= Weekly inter-bank market rates for dollar ========================================= Bid Close Rs. 282.47 Offer Close Rs. 282.66 Bid Open Rs. 282.72 Offer Open Rs. 282.91 ========================================= Weekly open-market rates for dollar ========================================= Bid Close Rs. 283.86 Offer Close Rs. 284.90 Bid Open Rs. 284.62 Offer Open Rs. 285.30 ========================================= Copyright Business Recorder, 2025
Business Recorder
05-08-2025
- Business
- Business Recorder
Pakistan achieves 5.4% budget deficit, 2.4% primary surplus in FY25
Pakistan's budget deficit was recorded at Rs6.17 trillion, i.e. 5.4% of the GDP, during the fiscal year 2024-25, marking a 9-year low, showed data released by the Ministry of Finance. A summary of consolidated federal and provincial fiscal operations for July-June 2024-25, released by the Finance Division showed that total revenue stood at Rs17.997 trillion (15.7% of the GDP) against the total expenditure of Rs24.165 trillion (21.1% of the GDP) during the fiscal year, hence budget deficit has been recorded at Rs6.168 trillion (5.38% of the GDP). 'The deficit of 5.38% is better than the government's revised forecast of 5.6% of GDP (earlier budgeted 5.9%) for FY25,' said Topline Securities. 'Similarly, the International Monetary Fund (IMF) also projected a deficit at 5.6% of GDP.' 2.4% of GDP: Jul-Mar budget deficit stands at Rs2.97trn The primary balance posted a surplus of Rs2.719 trillion, accounting for 2.4% of GDP. 'Pakistan has recorded a primary balance of 2.4% of GDP, the highest surplus % in the recent past (over 2 decades),' said Topline Securities. The brokerage house noted that a higher primary surplus was achieved as revenue growth surpassed expenditure growth. 'This surplus of 2.4% of GDP is better than the government's revised projection of 2.2% of GDP and the IMF forecast of 2.1%,' it noted. As per figures provided by the Finance Division, the total revenue of Rs17.997 trillion included Rs12.722 trillion in tax and Rs5.274 trillion in non-tax revenue. Of the tax revenue, the Federal Board of Revenue (FBR)'s tax collection remained Rs11.744 trillion during FY25. 'FBR tax (with petroleum development levy [PDL]) to GDP ratio has increased to 11.3% in FY25, a 7-year high compared to 9.7% in FY24 and an average of 9.9% in the last five years (FY20 to FY24,' said Topline. Provincial governments' tax collection was recorded at Rs978 billion in FY25. During FY25, Pakistan's total GDP stood at Rs114.692 trillion. 'Pakistan is expected to post its third consecutive year of primary surplus in FY26 after 2 decades. While overall fiscal deficit is expected to clock in at 4-4.1% of GDP in FY26, the lowest in 2 decades,' said Topline Securities.
Business Recorder
05-08-2025
- Business
- Business Recorder
Pakistan's budget deficit at 5.4% of GDP; primary surplus climbs to 2.4% in FY25
Pakistan's budget deficit was recorded at Rs6.17 trillion, i.e. 5.4% of the GDP, during the fiscal year 2024-25, marking a 9-year low, showed data released by the Ministry of Finance. A summary of consolidated federal and provincial fiscal operations for July-June 2024-25, released by the Finance Division showed that total revenue stood at Rs17.997 trillion (15.7% of the GDP) against the total expenditure of Rs24.165 trillion (21.1% of the GDP) during the fiscal year, hence budget deficit has been recorded at Rs6.168 trillion (5.38% of the GDP). 'The deficit of 5.38% is better than the government's revised forecast of 5.6% of GDP (earlier budgeted 5.9%) for FY25,' said Topline Securities. 'Similarly, the International Monetary Fund (IMF) also projected a deficit at 5.6% of GDP.' 2.4% of GDP: Jul-Mar budget deficit stands at Rs2.97trn The primary balance posted a surplus of Rs2.719 trillion, accounting for 2.4% of GDP. 'Pakistan has recorded a primary balance of 2.4% of GDP, the highest surplus % in the recent past (over 2 decades),' said Topline Securities. The brokerage house noted that a higher primary surplus was achieved as revenue growth surpassed expenditure growth. 'This surplus of 2.4% of GDP is better than the government's revised projection of 2.2% of GDP and the IMF forecast of 2.1%,' it noted. As per figures provided by the Finance Division, the total revenue of Rs17.997 trillion included Rs12.722 trillion in tax and Rs5.274 trillion in non-tax revenue. Of the tax revenue, the Federal Board of Revenue (FBR)'s tax collection remained Rs11.744 trillion during FY25. 'FBR tax (with petroleum development levy [PDL]) to GDP ratio has increased to 11.3% in FY25, a 7-year high compared to 9.7% in FY24 and an average of 9.9% in the last five years (FY20 to FY24,' said Topline. Provincial governments' tax collection was recorded at Rs978 billion in FY25. During FY25, Pakistan's total GDP stood at Rs114.692 trillion. 'Pakistan is expected to post its third consecutive year of primary surplus in FY26 after 2 decades. While overall fiscal deficit is expected to clock in at 4-4.1% of GDP in FY26, the lowest in 2 decades,' said Topline Securities.
