Audit report for FY23 tax period: AGP objects to FBR’s increased reliance on WHTs ISLAMABAD: The Auditor General of Pakistan (AGP) has strongly objected that the Federal Board of Revenue (FBR) has... Published 17 May, 2024 05:50am
Print Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost The expenditure on mark-up payments was Rs5,696 billion in fiscal year 2022-23 against Rs3,950 billion estimated in the budget Updated 17 May, 2024 09:44am
Opinion Time to act: 9 cents/kWh The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to... Updated 15 May, 2024 06:28am
Business & Finance Profit, dividend: Jul-Mar repatriation jumps 256pc to $830.5m YoY KARACHI: The repatriation of profit and dividend by foreign investors rose significantly by 256 percent during the... Published 01 May, 2024 04:14am
Business & Finance C/A posts 3rd highest monthly surplus in March KARACHI: The country’s external account is performing well, posting the third highest monthly current account... Published 23 Apr, 2024 03:41am
Business & Finance Debt sustainability: Elevated gross financing needs constitute high risk: IMF ISLAMABAD: The International Monetary Fund (IMF) has said that elevated gross financing needs continue to pose high... Published 21 Jan, 2024 03:10am
Business & Finance NBFC sector sees 35.9% asset growth in FY23: SECP The collective asset base of the Non-Banking Finance Companies (NBFC) sector stood at Rs2.87 trillion as of June 20,... Published 06 Dec, 2023 10:05pm
Editorials Pakistan as an export hub EDITORIAL: Planning Minister Ahsan Iqbal’s claim that the government was striving to turn Pakistan into an export... Published 15 Jul, 2023 06:08am
Business & Finance FY23 remittances fall 13.6pc to $27bn YoY KARACHI: Workers’ remittances declined by 13.6 percent to $27 billion in the fiscal year FY23 as compared to... Published 11 Jul, 2023 06:08am
Print Jul-May period: C/A deficit narrows by 81pc on lower import bill KARACHI: The country’s current account deficit fell sharply, ie, 81 percent during the first 11 months of the... Updated 20 Jun, 2023 09:00am
Opinion FY23: Uncovering drivers of economic performance The National Account numbers for FY2023 have been published and, unfortunately, they paint a truly dismal picture of... Published 30 May, 2023 03:37am
Print FY23 Q1 budget deficit rises 43pc to Rs809bn YoY Budget deficit was 438 billion rupees in the same period of the last financial year Updated 25 Dec, 2022 03:54pm
Markets Analysts optimistic about prospects of Pakistan-Russia oil deal KARACHI: Pakistan may save around $1.0 billion annually or 6.0 percent of the total energy bill of $18 billion... Published 07 Dec, 2022 05:54am
Editorials CAD: welcome decline EDITORIAL: Pakistan’s current account deficit (CAD) has fallen sharply by 47 percent during the first four months... Published 24 Nov, 2022 04:28am
Business & Finance Lower imports: Jul-Oct CAD plummets 47pc YoY KARACHI: The country’s current account deficit fell sharply by 47 percent during the first four months of this... Published 22 Nov, 2022 03:23am
Print Jul 1-Sept 2 govt borrowing rises 21pc to Rs58bn YoY KARACHI: The borrowing for budgetary support rose by 21 percent during a little over first two months of this fiscal... Updated 17 Sep, 2022 09:57am
Business & Finance Aug remittances post 8pc growth MoM KARACHI: Inflows of workers’ remittances posted 8 percent growth during August 2022, the State Bank of Pakistan... Published 14 Sep, 2022 04:45am
Print SBP sets Rs1.8trn agri credit target for FY23 KARACHI: The State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs 1,800... Updated 27 Aug, 2022 09:47am
Business & Finance July remittances down 8pc YoY KARACHI: Inflows of workers’ remittances fell by 8 percent during the first month of this fiscal year (FY23), the... Published 17 Aug, 2022 06:07am
Print FY23 CAD will likely present a pleasant prospect Experts expect it to clock in at $8.7 billion or 2.3% of GDP Updated 09 Aug, 2022 09:24am
Business & Finance India’s Punjab & Sind bank chief declares war against bad loans MUMBAI: The focus for India’s Punjab & Sind Bank is to reduce its bad loans and improve recoveries to ensure... Published 03 Aug, 2022 04:55am
Print Weighed mainly by global commodity prices: SBP sees FY23 most challenging for economy Official says Pakistan’s import bill and political instability are main reasons for depreciation of the rupee Updated 21 Jul, 2022 11:24am
Print Bond, money markets rally as yields fall 30-70bps Analyst says yields have started falling since Pakistan reached accord with IMF Updated 16 Jul, 2022 12:37pm
Print Inflation may remain on the higher side: SBP KARACHI: The State Bank of Pakistan (SBP) Thursday forecast that inflation is likely to remain on the higher side... Updated 08 Jul, 2022 09:27am
Business & Finance Rs7.4trn FY23 target: Tola urges govt to ‘streamline’ taxation system LAHORE: Leading tax expert Ashfaq Tola has urged the government to streamline its taxation system to attain a tax... Published 30 Jun, 2022 06:07am
Pakistan FY23 electricity charges: PU to make Rs795m payment LAHORE: The Punjab University will pay Rs 795 million in the head of electricity charges during the year 2022-23.... Published 27 Jun, 2022 06:06am
Markets Refineries: Ideal time to initiate ‘deep conversion’ project, say experts KARACHI: This is high time for local refineries to execute ‘Deep Conversion Project’ which will increase ... Published 24 Jun, 2022 06:15am
Editorials Rewriting the budget 2022-23 EDITORIAL: The International Monetary Fund (IMF) has uncharacteristically uploaded the following sentence on its... Published 24 Jun, 2022 06:15am
Pakistan Donor agencies: Punjab expects $545.49m inflows in FY23 LAHORE: The Punjab government is expecting cash inflows amounting to US$ 545.49 million from different donor ... Published 22 Jun, 2022 05:58am
Pakistan Tax on banking sector enhanced to 42% from 39%, says Miftah while announcing budget proposals Income tax threshold increased to Rs1.2m a year Updated 11 Jun, 2022 02:16am
Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces
