Pakistan & Azerbaijan to constitute a joint working group on energy: Ghulam Sarwar Khan
In October, Pakistan was extended an offer to obtain an open credit line of $100 million for the procurement of petroleum products by Azerbaijan without any sovereign guarantees
Aside Chinese CPEC linked inflows, FDI witnessed no major activity in Q1-FY19: SBP
About portfolio investment, the central bank said net outflows accelerated in the first quarter (July-September) of FY19 due to foreign selling doubling from local bourses compared to the same period in 2017
Fiscal deficit grew 18.62% in first quarter of FY19: SBP
According to the report, this was attributable to a sharp increase in current spending mainly debt servicing and defence, which nullified a marginal gain in the revenue collection
Senators provide recommendations to improve finance bill
However, Senators from opposition benches criticized the bill, suggesting the government to include inputs from the parliamentarians for further improving it
FBR launches mechanism for paying duties and taxes online for unregistered mobile phones
However, sellers of mobile phones would be required to pay duties and taxes too and fines for for their registration according to the adjudication mechanism
Govt urged to undertake concrete measures to stabilize economy
According to DFID’s chief economist, the execution of economic reforms remains a key challenge for the recently elected government
Govt voices opposition against plan to increase interest rate
As per the Monetary and Fiscal Policies Coordination Board, there was still room for fiscal consolidation after budget deficit soared to 2.8% of gross domestic product (GDP) in the first half of FY18-19, far over the limit required to achieve the target of 5.1% of GDP
Advancement of ICT led development, a priority for the government
Mr Maqbool shared with the advent of mobile internet, Pakistan is on the same route of development as that of neighbouring countries
Economy steering towards stabilization: Hammad Azhar
The State Minister for Revenue said revenue shortfall could not cause a slowdown in the economy
Govt optimistic of achieving record exports in FY19Â
ISLAMABAD: After 2012, when Pakistan made record exports of $25 billion, the country might create history again by recording around $27 billion worth...
Govt mulls cancelling ‘own money’ on purchase of new vehicles
PM's advisor says govt is chalking out a plan to cancel the registration of dealers who are involved in this illegal...
PECO’s bank account restored after NAB’s intervention
ISLAMABAD:Â Following an intervention from the National Accountability Bureau (NAB), the bank account of Pakistan Engineering Company (PECO), blocked by a private bank,...
Energy-short Pakistan moves to power up solar manufacturing
Pakistan’s government has proposed to eliminate taxes associated with manufacturing of solar and wind energy equipment in the country, in an effort...
Azerbaijan keen to strengthen economic ties with Pakistan
Azeri envoy says his country is exploring the possibility of launching direct flights with Pakistan to promote trade relations
ISLAMABAD:Â Embassy of Azerbaijan...
Another round of talks between Pakistan, IMF ends ‘fruitless’
IMF demands further devaluation of rupee, increase in tax collection as well as interest rate
Another round of talks between Pakistan and...