HeadlinesIMF urges Pakistan for Rs1.3trn in additional taxes
Half of the proposed additional taxes are suggested to be recovered from salaried and business individuals
May 7, 2024
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Headlines
HeadlinesGovt mulls Chinese demand for offshore accounts amid CPEC energy debt talks
Chinese investors seek offshore bank accounts for servicing debts related to CPEC energy projects, while Pakistan weighs its response amidst IMF negotiations and financial constraints
May 7, 2024
HeadlinesPPP sets up committee for talks on privatisation with centre
Committee aims to engage with govt, learn details of their plan, and exchange thoughts on the subject
May 7, 2024
HeadlinesPakistan and China pledge to boost cooperation on CPEC projects
The two countries reiterate commitment to enhancing cooperation and upgrading initiatives within the CPEC during a significant meeting on Sunday
May 5, 2024
HeadlinesSaudi delegation arrives in Pakistan for high-level business talks
The delegation from KSA has landed in Pakistan to engage in crucial business meetings aimed at fostering trade partnerships and exploring investment opportunities in various sectors
May 5, 2024
HeadlinesFBR probes selling of seized smuggled vehicles below reserve price
Tax body is concerned about misuse of law, leading to lost revenue for the govt
May 4, 2024
HeadlinesFBR uncovers Rs756bn sales tax fraud
PM tasks the Attorney General and Finance Minister to devise a plan for optimal recovery from the fraudsters
May 4, 2024
HeadlinesADB and donors commit $5bn for development, Pakistan among key beneficiaries
Replenished funds to support climate initiatives and development in Asia-Pacific's most disadvantaged states.
May 3, 2024
EconomyPakistan's trade deficit shrinks by 17% in 10 months
Despite monthly fluctuations, yearly export growth and reduced imports contribute to narrowing the deficit.
May 3, 2024
EconomyPSX records third successive decline after SBP maintains key rate
Stock exchange witnesses third consecutive bearish session, shedding over 400 points amid SBP's rate stability
May 2, 2024
EconomyGovt grapples with massive losses due to Iranian oil smuggling
Joint intelligence report to the Petroleum Division estimates annual revenue loss exceeding Rs227bn
May 2, 2024
HeadlinesGovt borrowing soars to Rs5.736trn in 9MFY24
Borrowing consumes 76% of tax revenue, intensifying debt challenges amidst high interest rates.
May 2, 2024