Monitoring Report

Economy

As per the IMF’s determination, the current growth rate in revenue collection of the FBR should almost be doubled without bringing new measures, said the sources.

Headlines

According to communications officer of Airbus, the global air cargo to and from Pakistan is projected to triple over the next two decades

Economy

Meat and meat preparation exports to overseas market rose by a meagre 2.26% to $225.646 million in the previous FY18

Economy

The State Minister for Finance revealed data of 96,000 offshore account holders from Pakistan in 27 countries had been accumulated, whilst data from another 13 was awaited

Headlines

Haleeb is focusing on bolstering its research and development (R&D) segment to challenge multinational food giants considering the presence of two multinationals and expected acquisition of Fauji Foods by China-based Yili industrial group

Economy

IMF pondered over how the government aimed to achieve the projected fiscal deficit target of 5.1% when the development programme had been slashed severely

Economy

Industry asks for sugarcane price to be set in line with prices of sugar and demands the tax regulator to collect general sales tax (GST) on the actual selling price of sugar instead of Rs60 per kg fixed by it

Economy

PM expresses displeasure over the tax regulator's performance, states a new institution could be established for this purpose

Economy

Domestic gas’s average cost comes to around Rs630 per million British Thermal Unit (MMBTU) against Rs1,350 of imported LNG

Headlines

Dubai Islamic Bank was given the award for the Best Emerging Bank in Pakistan for 2018

Economy

According to finance ministry projections, Pakistan will have to repay around $700 million to multilateral creditors, $400 million to bilateral creditors, $76 million to the IMF, $298 million in shape of commercial loans and $200 million due to bond repayments in October-December period