Monitoring Report

Economy

The budget deficit for FY18 was Rs780 billion (2.5 percent of GDP) higher than the target approved by the last parliament in June 2017

Economy

During the press conference, the petroleum minister raised serious contentions over the LNG deal signed with Qatar and called the fuel pricing mechanism faulty as diesel should be cheaper than petrol

Economy

Line losses were recorded at 18.3 percent against an allowed limit of 16.3 percent, with the additional cost of Rs196 billion per annum passed unfairly onto consumers

Headlines

Mr Cheema had voiced reservations over the revisions carried out by the secretary on the distribution of official works without prior go-ahead of the National Economic Council (NEC)

Economy

A recent survey conducted by TCL Pakistan in conjunction with GFK revealed Pakistan’s yearly demand for TV sets was 1.2 million, of which 18 percent constitutes of traditional and old tv sets.

Headlines

Furthermore, the airlines issuing the air ticket can subtract the advance tax on the purchase of international air ticket at Rs16,000 per individual for first/executive class and Rs12,000 per person for others leaving aside economy class

Economy

According to FBR officials, the rise in revenue collection was made possible by an increase in tuition fees by educational institutions in FY18