Cigarette revenue plummets as illicit trade evades taxes worth Rs240b annually
Pakistan is reeling from a staggering loss of Rs. 240 billion annually due to rampant tax evasion by illicit cigarette traders, according...
Govt defers its plan to impose tax on companies’ reserves in next year’s budget
The move could generate Rs 337 billion in tax revenue, as per the earlier proposal
Annual inflation has soared to its highest ever level of 38%. How did we get here?Â
Food staples, tobacco and transport take the biggest hit as living conditions for average citizens go from bad to worse
FBR fails to achieve tax target for FY23
According to details, FBR has collected Rs 572 billion net revenue against the target of Rs 621 billion in May 2023
Sri Lanka surprises with 250 bps rate cut, signals rebound from crisis
Sri Lanka's central bank cut its key interest rates by 250 basis points on Thursday amid easing inflationary pressures, signalling that the...
Chinese graduates lower their ambitions in moribund jobs market
Applied maths graduate Liang Huaxiao tried to land a job with one of China's tech giants for two years. Then she tried...
Completing IMF programme is in the nation’s interest, says Aisha Ghaus Pasha
Aisha said that the IMF does not discourage targeted subsidy, the govt also plans to provide targeted relief
Provisional annual GDP growth recorded at 0.29%: Finance Ministry
CPI based inflation remains on an upward trajectory despite monetary tightening
Biden says final US debt ceiling deal ready to move to Congress for vote
U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling...
MoF responds to Atif Mian on making comparison of Pakistan with Ghana, Sri Lanka
ISLAMABAD: Finance Ministry has strongly responded to economist Atif Mian on making comparison of Pakistan with Ghana and Sri Lanka
According to the...
Dar, US ambassador meet in Islamabad as IMF deal remains stalled
Finance Minister Ishaq Dar and US Ambassador Donald Blome on Friday held a meeting aimed to address Pakistan's pressing economic challenges wherein...
Low growth, high inflation are top risks for India, say economists: Reuters poll
India's economy will grow about 6% this fiscal year with a small increase in private investment, according to a Reuters poll of...
Govt fails to achieve economic targets for FY22-23
ISLAMABAD: Despite imposing additional taxes and cutting power subsidies to the industries, Pakistan still failed to achieve most economic targets in the...
Fitch puts US rating on negative watch as debt deadline looms
Ratings agency Fitch put the United States' credit on watch for a possible downgrade on Wednesday, raising the stakes as talks over...
Dar dismisses default possibility
Pakistan "will absolutely not default", says finance minister