Budget deficit misses target owing to inflated revenues, suppressed expenditures
The budget deficit in first nine months of the current FY has widened to Rs1.238t, which is nearly equivalent to a full-year...
FBR, secretary finance divided over proposal for 20 pc Sales tax rate for unregistered persons
The FBR has proposed an increase in sales tax rate from the current 19pc to 20pc for unregistered persons. However, the secretary...
Super Tax expansion on the cards
The government is mulling expanding the Super Tax net to bring high-net-worth individuals into the tax bracket.
The first formal meeting to review...
Dividend tax abolition proposal suspected to benefit Arif Habib Group
The finance ministry is ambiguous over a budget proposal to abolish 25pc dividend income tax rate on real estate investors, suspecting that...
Falling exports can result in another IMF loan: warns PEW
The Pakistan Economy Watch (PEW), on Sunday, said exports, investment and remittances continue to fall hitting Forex reserves which will result in...
Dar urges Japanese firms to invest in Pakistan
Finance Minister Senator Muhammad Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan.
The Japanese firms...
BOI committed to facilitating foreign investors in SEZs
The Board of Investment (BOI) is committed to facilitating the foreign investors for providing them modern facilities in the Special Economic Zones...
ICST urges abolition of tax on bank transactions in upcoming budget
Islamabad Chamber of Small Traders (ICST) on Sunday said withholding tax on bank transaction should be abolished or reduced in the upcoming...
Businessmen urged to cash trade potential of Uzbekistan, Mexico markets
Pakistan’s Ambassador to Uzbekistan Dr Irfan Yusuf Shami and Ambassador to Mexico Tasawar Khan visited the Islamabad Chamber of Commerce and Industry...
Tax evasion disastrous for national economy: Khawaja Asif
Defence Minister Khawaja Asif has said interminable tax evasion is continuing in the country which is causing irreparable loss to the economy.
“Tax...
Pakistan focusing on sustainable economic growth: Dar
The minister says government crucial to monitor economic activities as they cannot be left at the mercy of private sector
Finance Minister...
Iran refuses to sideline Pakistan and China
While Iran has delayed in awarding a crucial contract to India for gas exploration in its Farzad B offshore field to ONGC...
Malaysia wants to improve trade relations with Pakistan
Malaysian High Commissioner Dr. Hasrul Sani Mujtabar said Malaysia is taking keen interest to improve trade with Pakistan. He stated this while...
Economic reforms led to stability and progress: Dar
The Finance Minister, Senator Mohammad Ishaq Dar, who is in Yokohama Japan to attend the 50th annual meeting of the Asian Development Bank...
Board of Investment committed for facilitating foreign investors in SEZs
The Board of Investment (BOI) is committed to facilitate the foreign investors for providing them modern facilities in Special Economic Zones (SEZs)....