IMF says discussions are ongoing with Pakistan
On 13th January, Finance Minister Asad Umar while speaking at the Karachi Chamber of Commerce and Industry (KCCI) said that the government, for now, had decided not to enter an IMF programme and was looking into alternative options
FBR resolved 20% of total tax evasion and fraud cases involving billion of rupees in 2018
The Director-General Intelligence and Investigation-Inland Revenue department has unearthed tax evasion worth Rs170 billion throughout Pakistan last year
Govt decision to increase medicine prices augurs well for domestic drugmakers: Fitch Solutions
Revenue generating opportunities for local pharmaceutical companies in Pakistan will improve following the decision by the government to increase the prices of medicines, said Fitch Solutions
PSO faces severe financial crunch, as Rs200 billion bond issuance delayed
State-owned Pakistan International Airlines (PIA) owes Rs48 billion to PSO and the federal government on account of price differential claims and exchange rate loss
‘Serious reservations’ in Cabinet over upcoming mini-budget
ISLAMABAD: While Finance Minister Asad Umar has announced to introduce the mini-budget on January 23, the government has yet to develop consensus...
‘Expert’ group expected to lead state-owned PSM’s revival
ISLAMABAD: Although Pakistan Steel Mills' (PSM) Board has yet to give the approval for the formation of an expert group of private...
Mobile broadband fosters digital financial services
Mobile account ownership in Pakistan has witnessed a reasonable increase and crossed the 39 million mark, which was 15 million at the...
Economic zones to help reduce trade deficit: Khusro Bakhtiar
LAHORE:Â Federal Minister for Planning, Development and Reforms Makhdoom Khusro Bakhtiar Sunday said Pakistan was at present facing a trade deficit of $9...
Pakistan, US agree to deepen bilateral economic ties
ISLAMABAD: Pakistan and the United States Sunday agreed to deepen bilateral economic ties particularly in the context of trade and investment cooperation,...
Economic indicators show improvement, says finance ministry
The ministry of finance's spokesperson, Doctor Khaqqan Najeeb has said that the last six months of the incumbent government have resulted in...
World Bank terms progress on Dasu Dam project slower than anticipated
According to WB, land acquisition has only reached 742 acres, out of 1,987 acres needed for the construction areas and is slated to be finished by June 2022
30 companies invest $474m in Gwadar Free Zone
GWADAR: Around 30 companies have so far invested in the Gwadar Free Zone, with a direct investment of about $474 million, according...
Govt envisions making Pakistan an irresistible business destination: Dawood
KARACHI:Â Advisor to the Prime Minister on Commerce, Industries and Investment Abdul Razak Dawood has said that business-friendly vision of the present government...
Efforts underway to bring foreign investment in GB: Gandapur
ISLAMABAD:Â Kashmir Affairs and Gilgit-Baltistan Minister Ali Amin Khan Gandapur on Saturday said efforts are underway to bring foreign investment in the tourism...
PIA to start flights from Sialkot to Paris, Barcelona
Flight PK-720, the first flight on the new route, will arrive from Paris to Sialkot tomorrow (Sunday)
Pakistan International Airlines (PIA) has...