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Headlines
HeadlinesIMF directs gradual removal of gas subsidies in Pakistan by next FY
Over two years, the government allocated Rs69 billion in subsidies for RLNG diversion costs
HeadlinesFirst consignment of high breed Brazilian cattle under SIFC reaches Pakistan
Consignment consists of nine different breeds, integrating both Pakistani and Brazilian varieties
HeadlinesAbu Dhabi targets 178,000 new jobs, 39.3m tourists by 2030
Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has given his approval for the strategy
HeadlinesFBR to allow duty free import of raw material, machinery, equipment
This initiative aims to ease entry for new exporters, boosting the country's export growth
HeadlinesLocal mobile handset production drops to 21.28m units in 2023
Reduction in local production is attributed to challenges in importing necessary accessories, caused by restrictions on opening LCs
HeadlinesFBR revenue collection increases 33% in March, nearing Rs879bn target
For the FY2024, the government aims to collect Rs9.415 trillion, marking a 30% increase from the previous year's revised figure of Rs7.2 trillion
HeadlinesWeekly inflation eases marginally, rises 29.4% YoY
Out of 51 items monitored, prices for four items increased, 18 decreased, and 29 remained unchanged
HeadlinesSBP clears Muhammad Nassir Salim as President, CEO of HBL
Salim replaces Muhammad Aurangzeb after his exit from HBL
HeadlinesPharmaceutical sector profits decline by 42pc in 2023 amid cost challenges
Profitability fell due to shrinking margins and rising finance costs, despite a 17% revenue increase to Rs274.5 billion
HeadlinesTax exemption of Rs50bn for Aviation authorities draws IMF attention
Legislation for tax exemption leads to significant fiscal changes amidst economic recovery efforts
HeadlinesPunjab Assembly approves Rs3.43bn interim budget amid opposition protest
Session marked by protests and heated exchanges as opposition tears budget copies
