Govt rejects IMF request seeking details about CPEC
In a meeting on Friday with the Ministry of Finance officials, the US embassy officials raised the issue of transparency in CPEC deals
Rupee downslide restarts, plummets to two-month lows of Rs126 against dollar
The local currency has remained below Rs126 since the end of July when it appreciated against the greenback on news of Pakistan Tehreek-e-Insaf (PTI) winning the general elections
FBR gears up to launch crackdown against tax evaders
An official who preferred to remain anonymous told the crackdown will commence from next week based on the details obtained under the exchange of information with OECD member countries
Govt constitutes subgroup in EAC to double tax collection
The sub-group has been assigned to formulate a tax policy by end of October
Petroleum prices likely to remain the same for October
OGRA recommends at least Rs4.50 per litre increase
ISLAMABAD:Â The government is unlikely to increase the prices of petroleum products (POL) for the next...
Govt may seek IMF’s help, hints Asad Umar
‘Pakistan could face difficulties if oil prices in global markets do not stabilise’
Govt tightens the noose on Pakistanis with properties abroad
ISLAMABAD:Â The government has decided to send notices to 300-400 Pakistanis holding properties abroad.
According to sources, out of the 2,700 overseas Pakistanis with...
FBR sends notices to 100 tax defaulters
ISLAMABAD:Â After getting a nod from the federal cabinet, the Federal Board of Revenue (FBR) has dispatched notices to the residential addresses of...
US-China trade war may turn out be a windfall for Pakistan
KARACHI– The trade war between China and the United States of America (USA) can be beneficial for Pakistan. The Pakistani government is...
Govt’s debt situation laid bare by Economic Affairs Division
PTI government takes no commercial loans during August 2019
ISLAMABAD: The Pakistan government’s debt situation was laid bare by the release of data...
Punjab’s debt rose an astonishing 24 percent in FY18
The provincial government had already exhausted its borrowing limit of Rs37 billion, whereas contractors were owed Rs57 billion which had been carried forth in the next financial year, said Punjab's Finance Minister
Pakistan, Kuwait talks end on inconclusive note
The fourth meeting of the Joint Ministerial Commission (JMC) concluded on Thursday and no agreement was reached to lift visa restrictions on Pakistani nationals
Pakistan has no choice but to seek IMF funding: UNCTAD
The report said a widening of the external debt position which had touched $92 billion or 31 percent of GDP had raised worries about its sustainability
Shell Pakistan to establish RLNG terminal and retail outlets along CPEC route
Shell Pakistan CEO told that before the tanker incident in South Punjab last June, its average market share had stood at 16-18 percent and had fallen by half to 8 percent
Govt lowers economic growth rate to 5.2 percent for FY19
The government has attributed fiscal squeeze and low output in agriculture and manufacturing sectors as the major factors for the slowing of the economy