Power sector: MoF agrees to extend Rs1.094trn subsidy ISLAMABAD: The Finance Ministry is said to have agreed to extend subsidy of Rs 1.094 trillion for the financial year... Updated 30 May, 2024 08:39am
Print Monthly Economic Update and Outlook of EAW: Credit to private sector declines 39.7pc YoY Finance Ministry states that expenditures remained under significant pressure due to rising mark-up payments Updated 30 May, 2024 09:31am
Print Public assets: Ministry seeks data to share it with IMF Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised Updated 27 May, 2024 11:43am
Print Exploring investment: PM expected to visit UAE in a couple of weeks ISLAMABAD: Prime Minister Shehbaz Sharif is expected to visit United Arab Emirates (UAE) within a couple of weeks,... Updated 19 May, 2024 03:10pm
Pakistan Govt reduces petrol price by Rs15.39, HSD’s by Rs7.88 per litre New prices come into effect from May 16, 2024 Updated 15 May, 2024 11:55pm
Print Urea fertilizer: MoF refuses to extend subsidy due to financial snags ISLAMABAD: The Finance Ministry has reportedly refused to extend subsidy on urea fertilizer due to financial... Updated 14 May, 2024 01:13pm
Pakistan Finance Minister says no such thing as strategic state-owned enterprises Muhammad Aurangzeb says there will be a public-private partnership and we will accelerate the privatisation agenda Updated 12 May, 2024 10:24pm
Print Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments Updated 01 May, 2024 04:36pm
Print 9MFY24: Fiscal deficit recorded at Rs3.902trn ISLAMABAD: Fiscal deficit has been recorded at 3.7 percent (Rs3,902.416 billion) of the GDP during the first nine... Updated 01 May, 2024 09:20am
Print Ministries, divisions told to surrender funds on May 15th ISLAMABAD: The Finance Ministry has directed all the ministries and divisions to surrender the current financial... Updated 18 Apr, 2024 09:47am
Print MoF, FBR direct officials not to engage with media ISLAMABAD: The Finance Ministry and the Federal Board of Revenue (FBR) have directed their officials not to engage... Updated 09 Apr, 2024 01:31pm
Editorials Pension reforms: key to fiscal health EDITORIAL: The long-festering issue of pension reforms has gained significant traction in recent times due to the... Published 06 Apr, 2024 05:28am
Business & Finance Q2 GDP stands at 1pc despite improvement in agri sector ISLAMABAD: The GDP growth stood at one percent in the second quarter of the ongoing fiscal year against the revised... Updated 30 Mar, 2024 08:47am
Print Reforms agenda: Govt committed to working with IMF: Aurangzeb ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed the government’s commitment towards working with the... Updated 15 Mar, 2024 08:28am
Print Expenditure: Higher mark-up payments putting significant pressure: Finance ISLAMABAD: The Finance Ministry has stated that higher mark-up payments are putting significant pressure on... Updated 01 Mar, 2024 09:06am
Business & Finance PBF wants a ‘non-technocrat’ as next finance minister KARACHI: Pakistan Business Forum (PBF) has urged the Prime Minister (in-waiting) to appoint a politician on the slot... Updated 23 Feb, 2024 10:48am
Print Austerity steps approved by PM ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar approved a number of austerity measures to stop unnecessary... Updated 23 Feb, 2024 09:36am
Print Borrowing level of caretakers comparatively lower than PDM govt’s: MoF ISLAMABAD: The Finance Ministry has maintained that the domestic and external borrowings during the period of the... Updated 23 Feb, 2024 08:54am
Print PIA’s stock of losses: MoF, MoP develop differences ISLAMABAD: Finance Ministry and Privatisation Ministry have reportedly developed serious differences on the total... Updated 17 Feb, 2024 04:17pm
Print SOEs Act, 2023: Body formed to look into legal status of govt entities ISLAMABAD: The Finance Ministry has constituted a committee on State-Owned Enterprises (SOEs) to look into matters... Updated 13 Feb, 2024 09:28am
Print MoF issues FY25 budget call circular ISLAMABAD: The Finance Ministry has issued the Budget Call Circular (BCC) for fiscal year 2024-25 with a timeline... Updated 08 Feb, 2024 10:00am
Print Sindh, Balochistan: MoC seeks MoF’s support for recovery of urea subsidy share ISLAMABAD: The Commerce Ministry has sought the Finance Ministry’s support to recover 50pc share of cost of imported... Updated 07 Feb, 2024 09:35am
Print Reconciled power sector payables: Sindh urges MoF to rescind ‘at source deduction’ order ISLAMABAD: Finance Department (Sindh) has requested Federal Finance Ministry to rescind its order regarding at... Updated 05 Feb, 2024 03:07pm
Print Challenges of inflation persist: MoF ISLAMABAD: The Finance Ministry has said the challenges of inflation persist in the forms of supply chain... Updated 01 Feb, 2024 08:58am
Print Petrol price raised by Rs13.55 ISLAMABAD: Interim government on Wednesday approved a substantial raise in ex-depot price of petrol, ie, by 13.55... Updated 01 Feb, 2024 08:59am
Editorials Growing circular debt challenge EDITORIAL: The power sector circular debt, as per a Business Recorder exclusive news item, reached a high of 2.551... Published 30 Jan, 2024 04:52am
Print Pension reforms: ED voices its concern over certain ‘amendments’ ISLAMABAD: The Establishment Division is said to have expressed its concern over some amendments to proposed pension... Updated 27 Jan, 2024 10:38pm
Print Two ‘innovative’ power sector plans fail to attract MoF support There are discussions that circular debt reduction plan should not be in conflict with pledges made to the IMF Updated 26 Jan, 2024 09:53pm
Print SBA review: Punjab govt held responsible for Rs115bn unbudgeted spending ISLAMABAD: The government claims it has taken measures to curtail expenditure but held the Punjab government... Updated 23 Jan, 2024 09:46am
Print Rs55bn payment to SECMC: PD not paying heed to PMO’s and MoF’s dispatches ISLAMABAD: The Power Division is reportedly not paying heed to the Prime Minister’s Office and Finance Ministry on... Updated 18 Jan, 2024 10:05am