Govt approves 3.5% GDP growth target for fiscal year 2023-24

NEC approves Rs2.709 trillion Annual Development Plan for FY24

Govt decides inclusion of energy reforms in budget FY24

Four phases of solarisation programme for public buildings completed
Public debt-Pakistan

Govt borrows Rs41b per day on average during one year in office

Domestic borrowing went up by Rs7.635tr since April 2022

ECC accords approval for issuing Rs9.5b guarantee for Hyderabad-Sukkur motorway

TSG of Rs 402b in favor of Ministry of Economic Affairs for debt servicing also approved

Pakistan ‘very hopeful’ of sealing IMF deal this month: PM Shehbaz

In total, about $2.7bn are left to be disbursed from the package, which is scheduled to expire this month

Govt likely to authorise FBR to collect FED on digital services in provinces

The Federal government is likely to authorize the Federal Board of Revenue (FBR) to collect Federal Excise Duty on digital services in...

IMF programme strays farther as fund rejects Pakistan’s request to lower loan requirements

“No option other than going to the IMF,” says Dr. Aisha Ghous Pasha

APCC approves Rs2.6tr development outlay for FY24

Rs 1100 billion approved for federal PSDP outlay

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? 

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