Customs clearing agents

Customs unlawfully clears goods worth $847m during import  ban

A large number of importers with the alleged connivance of Pakistan Customs officials bypassed the mandatory requirements of Financial Instruments of Pakistan...

Wheels turn as govt makes final dash to the IMF 

Significantly amended and bulldozed through parliament, the budget has been approved on the same day as an increase in the policy rate

Govt imposes Rs415bn new taxes in budget 2023-24 

New taxes are meant to appease the IMF.

Shehbaz advocates for overhaul of global financial system at Paris summit

The premier expressed concern that response of int'l institutions to Pakistan's appeals for funds after the 2022 floods was limited to loans

NA hosts consultative session on strengthening local govts

Pakistan has not had an effective third tier of democracy despite the 18th amendment

PM Shehbaz meets IMF chief, urges lender to release stalled funds

In a meeting held on the sidelines of the Summit for a New Global Financial Pact in Paris, Prime Minister Shehbaz Sharif...

FTO expresses concern over repeated changes in the tax jurisdiction of overseas Pakistanis

Issue persists even after an ex-parte amendment Income Tax Ordinance, 2001 (the Ordinance), in March 2021

Prime Minister approves the establishment of an SIFC under the Economic Revival Plan

The Executive committee of the SIFC, to have representation from both civil and military leadership.

Pakistan takes steps to finalize agreement with UAE over KPT

Pakistan has established a negotiation committee to finalize an agreement with the United Arab Emirates (UAE) regarding the transfer of its Karachi...

Cash-strapped govt increases salary, allowances and additional privileges of parliamentarians

Rs1300 crores set aside for 450 parliamentarians in FY24 budget

Finance Ministry orders halt to executive allowance for AGP officers

Order cites non-compliance with eligibility criteria outlined by Finance Division's office memorandum

Russia denies granting ‘special’ oil discount to Pakistan

PM Shehbaz had announced arrival, unloading of first Russian discounted crude oil cargo last week

Abbasi quits ECC over Azerbaijan LNG Deal

The resignation is part of a prolonged process by which Abbasi has slowly been parting ways with the PML-N. 

Pakistan seeks roll over of existing $1b, pursues additional $300m from Bank of China

Senate committee concludes deliberations on Finance Bill, makes recommendations for finalization

Privatisation Commission approves Rs124.9 crores for fiscal year 2023-24 

Commission to present policy proposals to the federal government, regarding the privatisation of state-owned enterprises