HeadlinesGovt seeks extension on $15.4m energy debt
Restructuring could lower energy costs by Rs3 per unit, easing the burden on consumers
May 17, 2024
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Headlines
HeadlinesGovt proposes carbon tax on petroleum amid IMF push for uniform VAT
In efforts to comply with IMF recommendations, Pakistan explores significant tax reforms, including a universal VAT and enhanced petroleum levies
May 17, 2024
HeadlinesPM Shehbaz directs revision of net metering rules to stabilise power sector revenues
Sharif orders NEPRA and Power Division to revise regulations amid concerns over declining revenues due to increased solar adoption
May 16, 2024
EconomyPakistan's debt and liabilities hit record Rs81trn
This debt is now equal to three-fourths of the national economy and is about 15% higher than defined in the Fiscal Responsibility and Debt Limitation Act.
May 16, 2024
HeadlinesFBR proposes higher withholding tax on cash withdrawals by non-filers
Plan aims to raise additional Rs 15-20 billion in revenue for FY2024-25
May 16, 2024
HeadlinesGovt acquires Rs387.54bn debt in a week
Total borrowing skyrockets to Rs5.17 trillion for the fiscal year 2024
May 15, 2024
EconomyLSMI output grows by 2.04% YoY
The growth marks a positive trend in the industrial sector, highlighting ongoing momentum in manufacturing activities
May 15, 2024
HeadlinesFBR proposes new tax measures to meet fiscal targets
Outlines plans to raise over Rs 1.3 trillion through additional taxes and sector reforms, pending Finance Minister's approval.
May 15, 2024
HeadlinesCDNS revises National Savings Schemes rates
SSC rates reduced to 15.70%; RIC yields drop to 14.64% in the latest adjustments, effective May 14.
May 14, 2024
HeadlinesForeign investment peaks at 30-month high, soars by 84%
Foreign portfolio investors are making a robust comeback to Pakistan’s debt and equity markets
May 14, 2024
EconomyOperational costs of key sectors surge as sick units multiply
Closure of over 80% of sick units profoundly impacts various sectors, forcing layoffs and reducing shifts in large manufacturing units, while SMEs struggle to survive amidst financial constraints
May 13, 2024
EconomyGovt considers duty increase on key imports to protect reserves, farmers
In response to rising import costs and local agricultural distress, Pakistan is contemplating increased customs duties on imports of used cars and wheat
May 12, 2024