Daunting fiscal challenges Published 31 Mar, 2023 06:45am Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...
Around $17bn foreign debt incurred in FY22 Updated 26 Jul, 2022 10:00am Around $4.9 billion was taken from foreign commercial banks
Rs 1526.6 billion set aside for defence services Updated 11 Jun, 2022 10:17am ISLAMABAD: A sum of Rs1526.6 billion was budgeted for defence services for 2022-23, marking an increase of 11.17 per...
Rs2,560bn direct taxes target set for next fiscal year Updated 08 Jun, 2022 10:13am ISLAMABAD: The direct taxes target has been projected at Rs 2,560 billion for the next fiscal year against Rs 2,182...
Essential food items: Tax exemptions will continue: FBR Updated 12 May, 2022 09:43am ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmed said Wednesday that the policy measures to be taken in...
Jul-Mar trade deficit widens 70.1pc Updated 05 Apr, 2022 10:00am ISLAMABAD: Trade deficit widened by 70.1 percent during the first nine months (July-March) of the current fiscal...
Nov cement despatches increase 10.21pc YoY Published 07 Dec, 2021 06:29am LAHORE: Cement despatches registered an increase of 6.91 percent in November 2021 as total cement despatches during...
Difference in mark-up payment linked to maturity profile of PIBs Published 12 Nov, 2021 04:46am ISLAMABAD: The government's mark-up payable in the first quarter of 2021-22 is not precisely one quarter of the ...
Registered taxpayers: FBR tax demands yield Rs80.1bn in FY21 Updated 11 Nov, 2021 09:53am FBR report states that collection out of current demand has increased by a healthy 19.9 percent
FBR exceeds Rs397bn Oct collection target Updated 30 Oct, 2021 09:48am ISLAMABAD: The Federal Board of Revenue (FBR) has exceeded the assigned tax collection target of Rs397 billion set...
Japan rakes in record sales tax revenue despite pandemic Published 02 Jul, 2021 04:20am TOKYO: Japan’s sales tax revenue in the last fiscal year topped 20 trillion yen ($180 billion) for the first time...
Anjum Nisar calls for putting economy on high growth path Published 20 Jun, 2021 03:39am LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar...
Agri sector under the govt spotlight Published 11 Jun, 2021 03:41am It is quite true that agriculture is the only sector of the economy of Pakistan that can bring about economic growth...
Exports increase by 13.97pc in 11 months Published 09 Jun, 2021 06:45pm The exports during July-May (2020-21) were recorded at $22.560 billion against the exports of $19.795 billion during July-May (2019-20).
Export of telecom, computer, info services register 43.61pc growth in 9 months of FY20-21 Published 08 Jun, 2021 07:39pm Pakistan has received $ 1,052.95 million by export of services in telecommunication, computer and information sectors during July 2020 to March 2021.
Govt decides to postpone NGMS spectrum auction Published 07 Jun, 2021 03:34am ISLAMABAD: The government has decided in principle to postpone the auction of next generation mobile services (NGMS)...
Economy out of the woods now: PM Published 02 Jun, 2021 04:29am ZIARAT: Prime Minister Imran Khan on Tuesday said that with Gross Domestic Product (GDP) growth estimated at around...
‘Cement exports surge by 252pc in April’ Published 05 May, 2021 04:01am LAHORE: Cement sector posted robust growth of 40.41 percent in April 2021 when total cement despatches were...
ADB projects 2pc growth, 8.7pc inflation Published 29 Apr, 2021 03:52am ISLAMABAD: The Asian Development Bank (ADB), while projecting slower growth for agriculture sector of Pakistan, has...
Marketable securities: SBP unveils two more categories of PDs Updated 13 Apr, 2021 09:30am KARACHI: The State Bank of Pakistan (SBP) has decided to introduce two additional categories of dealers, in addition...
Govt pledges to bring GST, PIT reforms in next budget Updated 09 Apr, 2021 09:19am ISLAMABAD: Tax revenues, net of refunds, grew 12 percent on year to year while the government has pledged to the...
IMF arrangement under EFF: Pakistan reaffirms commitment to economic policies Updated 09 Apr, 2021 09:19am ISLAMABAD: Pakistan has reaffirmed its commitment to the policies and objectives of the economic programme supported...
1HFY21: Govt adds over Rs1trn to domestic debt Published 02 Apr, 2021 04:58am ISLAMABAD: The incumbent government has added Rs1.057 trillion to the domestic debt during the first six months of...
Jul-Feb FDI plunges 30pc YoY Published 18 Mar, 2021 03:56am KARACHI: Foreign Direct Investment (FDI) fell by 30 percent during the first eight months of this fiscal year ...
Japan to hike tariffs on US beef as FY imports near limit Published 16 Mar, 2021 12:13pm Officials at Japan's agriculture and finance ministries declined to comment on the report, but noted that the import figure for early March will be released on Wednesday.
Jul-Feb remittances up 24.1pc YoY Published 12 Mar, 2021 05:10am KARACHI: Workers’ remittances continued to post a strong growth, surging by over 24 percent during the first eight...
Project for SMEs financing by SBP: Likely delay, cost overrun attributed to lockdown, PKR dip Published 17 Feb, 2021 04:24am ISLAMABAD: The Finance Ministry has attributed likely delay and cost overrun of financial inclusion and...
PM cheerful at rise in remittances Updated 16 Feb, 2021 09:31am ISLAMABAD: Prime Minister Imran Khan on Monday said the country had made its record for remittances above $2 billion...
Cannabis producer Canopy Growth narrows loss in third quarter Published 09 Feb, 2021 05:48pm The company said it will turn profitable by the second half of its next fiscal year and achieve positive operating cash flow in fiscal 2023. Canopy's US-listed shares rose 2% in premarket trading on the Nasdaq.
PASSD has demanded for Rs212mn for next fiscal year's 2 projects; NA body told Published 04 Feb, 2021 09:33pm The committee directed for a comprehensive briefing in its next meeting on all the initiatives being carried out under the Ehsaas programme.