HUBCO’s profit ISLAMABAD: The HUBCO’s profit doubled in the financial year 2022-23. It increased to Rs 62 billion, from Rs 29.6 billion in the preceding fiscal year. The Hub Power …
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Tag:
FY23
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Economy
FY23 Concludes with 7.7% Deficit, Contrary to PDM’s Stated 7% Claim
by Hamza Irshadby Hamza IrshadISLAMABAD: At the end of the fiscal year on June 30, the previous PDM government departed with a substantial fiscal deficit, which represents the variance between income and expenditure. This …
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Economy
Pakistan’s total debt and liabilities Increase by 29 percent in FY23
by Umar Sohailby Umar SohailKARACHI: Pakistan’s total debt and liabilities experienced a notable increase of 29% in the fiscal year 2023, reaching Rs77.104 trillion, up from Rs59.772 trillion in FY22, according to data released …
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Economy
A substantial decline of $19.5 billion in imports trims trade and current account deficits in FY23
by Hamza Irshadby Hamza IrshadISLAMABAD: A huge decline of $19.5 billion in imports gave a substantial relief to the government in trimming the trade and the current account deficit in 2022-23. In FY23, the …
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Economy
SBP reports a massive decline in the current account deficit in FY23
by Hamza Irshadby Hamza IrshadSBP reports a massive decline ISLAMABAD: The State Bank of Pakistan today reported a massive decline in the current account deficit in the fiscal year 2022-23. It is an outcome …