Finance team charts out strategy to face Parliamentary grilling from today

The government’s finance team spent a busy day on Monday charting out its strategy to face a volley of critical questions from the parliamentarians,...

Govt allows ‘duty exemptions’ on imports by rulers of Qatar, UAE, and Bahrain

Ostensibly to solidify a personal relationship with the ruling elite of Qatar, Pakistan Muslim League-Nawaz (PML-N) government has granted duty exemption to the imports...

Indirect taxes continue hurting the poorest of the poor

Like the previous budgets, the government, instead of reducing inequalities and burden of taxes on the poor, continued indirect taxes as 60 per cent...

LSM registers impressive 5.1pc growth during 9 months

Large Scale Manufacturing (LSM) in the country has witnessed an impressive 5.1 per cent growth during first three-quarters of current fiscal year as compared...

SECP approves measures for seamless flux of capital

The MSCI reclassified Pakistan as an Emerging Market (EM) on June 14, 2016, which was to take effect from June 1, 2017. The rebalancing of...

Tariq Bajwa to be appointed as AGP

The government has decided to appoint Finance Secretary Tariq Bajwa as the Auditor General of Pakistan. Bajwa is retiring in June from his current post....

FBR offices to remain open on May 30 and May 31

All field offices of Federal Board Revenue (FBR) will remain open and observe extended working hours until 6:00 pm on May 30 and 31...

World Bank upgrades rating of BISP as `Highly Satisfactory’

World Bank has upgraded the rating of Benazir Income Support Programme (BISP) as `Highly Satisfactory', Economic Survey 2016-17 has revealed. According to the survey, Department...

Crude petroleum exports reach $5.889m in July-March 2016-17

The year-on-year exports of petroleum (crude) increased by 47.49 percent during the month of March 2017 as compared to the same month of last...

Budget 2017-18: E-payment gateway to be launched by SBP at cost of Rs200m

The budget presented by Finance Minister Ishaq Dar on Friday for financial year 2017-18 has introduced certain measures for the benefit of the information...

Digital Pakistan Policy 2016-17 being formulated to transform IT sector

Ministry of Information Technology and Telecommunications (MoIT) is formulating a proposed Digital Pakistan Policy 2016-17 to rapidly transform the IT and related sectors of economy....

Finance Minister directs Food ministry to act against price hikers

The Minister for Finance Muhammad Ishaq Dar here on Saturday said that he had directed the ministry of National Food Security and Research and...

Petroleum prices likely to decrease by June 1st

The Oil & Gas Regulatory Authority (OGRA) has drafted summary to decrease petroleum prices as a recommendation in this regard had also been sent...

Telecom revenues reach Rs 234.9 bln in six months 

  The revenues from the telecom sector, amid the introduction of new and innovative services, have reached around Rs 234.9 billion during the first two...

SECP, SBP form regulatory council to strengthen financial stability

The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) signed a letter of understanding (LOU) the other day...

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