S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%
S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering...
Govt imposes Rs415bn new taxes in budget 2023-24Â
New taxes are meant to appease the IMF.
PM Shehbaz meets IMF chief, urges lender to release stalled funds
In a meeting held on the sidelines of the Summit for a New Global Financial Pact in Paris, Prime Minister Shehbaz Sharif...
KP govt to bridge 4.63b monthly gap to meet tribal districts’ current expenditures
Khyber Pakhtunkhwa (KP) government to bridge 4.63 billion rupees monthly gap to meet tribal districts' current expenditures.
The provincial government is facing...
Pakistan’s circular debt surges to Rs2.6tr in July-April FY23
It is an increase of 7.38% compared to last year, when circular debt stood at Rs2,450b
Pakistani authorities seek “Plan B” amid uncertainty over IMF program
ISLAMABAD: On Wednesday, the United States inquired with Pakistan about its backup plan in case the International Monetary Fund (IMF) program concludes...
KP faces budget shortfall of Rs517b
Federal govt fails to make timely payments, leading to incomplete disbursement of funds
PSX plunges on IMF accord uncertainty, disappointing budget
Uncertainty surrounding IMF agreement aprompted investors to adopt a wait-and-see approach
Dar updates US envoy on ongoing IMF negotiations as deadline approaches
The IMF has raised concerns about certain measures proposed in FY24's budget that contradict conditions of EFF programme
FTO expresses concern over repeated changes in the tax jurisdiction of overseas Pakistanis
Issue persists even after an ex-parte amendment Income Tax Ordinance, 2001 (the Ordinance), in March 2021
Prime Minister approves the establishment of an SIFC under the Economic Revival Plan
The Executive committee of the SIFC, to have representation from both civil and military leadership.
Pakistan takes steps to finalize agreement with UAE over KPT
Pakistan has established a negotiation committee to finalize an agreement with the United Arab Emirates (UAE) regarding the transfer of its Karachi...
Cash-strapped govt increases salary, allowances and additional privileges of parliamentarians
Rs1300 crores set aside for 450 parliamentarians in FY24 budget
No new taxes in Punjab ‘mini-budget’ as allocations for health and education increased
The Cabinet of Punjab, under the supervision of the caretaker government, has approved the budget for the upcoming fiscal year, effective from...
Russia says regional free trade pact with Iran possible by year-end
A free trade zone agreement between Iran, Russia and several countries that cover the vast Eurasian region spreading from the borders of...