Monitoring Report

Economy

This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries

Economy

Moreover, the state-owned airline is already losing millions every month under the ambit of rent of two grounded ATR aeroplanes which have been procured on dry lease

Economy

This step will allow the government to rake an additional Rs5 billion in tax revenues in the last five months (Jan-Jun) of the current financial year 2018-19

Economy

This follows the previous $2 billion loan provided by China at the end of July last year to bolster foreign exchange reserves and it has come out as the country’s biggest economic rescuer in the past five years

Economy

The net increase against the corresponding period of FY18 was only Rs69 billion or 3.5%.

However, sellers of mobile phones would be required to pay duties and taxes too and fines for for their registration according to the adjudication mechanism

Economy

According to DFID’s chief economist, the execution of economic reforms remains a key challenge for the recently elected government

Economy

As per the Monetary and Fiscal Policies Coordination Board, there was still room for fiscal consolidation after budget deficit soared to 2.8% of gross domestic product (GDP) in the first half of FY18-19, far over the limit required to achieve the target of 5.1% of GDP

Economy

K-Electric is the only power producer having a constant usage of 4000-5000 tons per day consumption of furnace oil

Economy

Mr Umar admitted that there was a shortfall in revenue collections during the first five months of the current fiscal year owing to a reduction in petroleum prices and cell-phone card taxes

Economy

According to details shared by the Finance Minister Asad Umar, the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return