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Zaheer Abbasi

Covid-19 shock to cause big impact on BoP
Print

Covid-19 shock to cause big impact on BoP

Pakistan's primary deficit is now expected to deteriorate to 2.9 percent of GDP in fiscal year 2020 (from 0.8 percent expected earlier) due to a 1.8 percentage point decline in tax revenue relative to the pre-virus baseline and the needed higher spending
Published 18 Apr, 2020 12:00am
Cut-off date for release of PSDP funds extended
Pakistan

Cut-off date for release of PSDP funds extended

The Finance Division has extended the cut-off date for the release of Public Sector Development Programme (PSDP) funds as well as surrender of anticipated savings by the ministries and divisions for the current fiscal year in an effort to ensure maximum s
Published 16 Apr, 2020 12:00am
Curbs eased for certain industries
Print

Curbs eased for certain industries

Prime Minister Imran Khan Tuesday announced that the construction industry had been allowed to operate with immediate opening of basic things for the industry in the first phase however, lockdown of public places would remain for the next two weeks.
Published 15 Apr, 2020 12:00am
Additional wheat allocated to USC
Print

Additional wheat allocated to USC

The Economic Coordination Committee (ECC) of the Cabinet on Monday approved allocation of additional 200,000 metric tons of wheat for the Utility Stores Corporation (USC) from the Pakistan Agricultural Storage and Services Corporation (PASSCO) with total
Published 14 Apr, 2020 12:00am
Overseas Pakistanis: PM sends out SOS for donations
Print

Overseas Pakistanis: PM sends out SOS for donations

Prime Minister Imran Khan has appealed to the overseas Pakistanis to contribute towards the "Prime Minister's COVID-19 Pandemic Relief Fund" as the country's poor people need their support in this hour of crisis.
Published 14 Apr, 2020 12:00am
Overseas Pakistani Savings Bills rules issued
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Overseas Pakistani Savings Bills rules issued

The Finance Division has issued Overseas Pakistani Savings Bills rules, and the bills will be issued in both Pak rupees and USD or any other currency as may be notified by the division from time to time.
Published 10 Apr, 2020 12:00am
Rs 50 billion grant for USC approved by ECC
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Rs 50 billion grant for USC approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has decided to approve Rs50 billion for the Utility Stores Corporation (USC) as part of the government relief package announced subsequent to coronavirus pandemic in the country. An official said th
Published 09 Apr, 2020 12:00am
Relief package: MoF asks SBP, FBR to provide SMEs' data
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Relief package: MoF asks SBP, FBR to provide SMEs' data

The Finance Ministry is in the process of gathering data of small and medium enterprises (SMEs) from different sources to provide relief as part of the government's economic relief package, according to a senior official of the ministry.
Published 08 Apr, 2020 12:00am
Wheat, sugar crises: Inquiry reports trigger cabinet reshuffle
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Wheat, sugar crises: Inquiry reports trigger cabinet reshuffle

Prime Minister Imran Khan has announced major reshuffle in his cabinet and replaced portfolios of some ministers following an inquiry committee reports on wheat and sugar crises, leading to a string of clarifications and justification by some of them.
Published 07 Apr, 2020 12:00am