Fiscal deficit grew 18.62% in first quarter of FY19: SBP
According to the report, this was attributable to a sharp increase in current spending mainly debt servicing and defence, which nullified a marginal gain in the revenue collection
Economic Survey 2017-18: Private sector loans grew to Rs4.3 trillion in 2017-18
KARACHI: Outstanding loans to private-sector businesses grew 8.7 per cent or Rs344.8 billion in the first eight months of 2017-18 to Rs4.3...
ICAP urges govt to bring all sectors of economy to tax-net
ISLAMABAD:Â The Institute of Chartered Accountants of Pakistan (ICAP) recommends that the government bring all sectors of the economy to the tax-net, irrespective...
Rs607 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs607.44 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
Revisions in aid to Pakistan unlikely to shake its finances: Moody’s
LAHORE: International rating agency Moody’s Investors Service (Moody’s) has maintained that Trump administration’s revision of US military aid is highly unlikely to...
Market Daily: KSE 100 sheds 210.36 points
LAHORE:Â The Pakistan Stock Exchange (PSX) failed to maintain a positive streak as profit-taking witnessed in the banking and cement sector took its...
NSS mobilises savings worth Rs3.27bn, down 86.4pc
KARACHI:Â Savings mobilised by the National Savings Schemes (NSS) amounted to Rs3.27 billion in January, down 86.4 per cent from a year ago.
According...
China voices firm stance on debt control
BEIJING: China is confident of fully forestalling systemic risks, the country's finance minister said on Wednesday, voicing firm stance on debt control.
The...
Tax evasion, ghost manufacturers baffle FBR
ISLAMABAD: Nearly 200 ghost companies have been found by the tax authorities claiming to be manufacturers but with fictitious addresses that were...
Unabated increase in cement prices to wreak havoc on middle-class: Fayyaz Ilyas
KARACHI: Association of Builders and Developers (ABAD) Senior Vice Chairman Fayyaz Ilyas said that cement is the most important input in the...
Pakistan’s CPI surges by 3.8% in February 2018
KARACHI: The country’s Consumer Price Index (CPI) which measures average change over time in the prices for a market basket of consumer...
Unintended outcome as food festival ends up attracting real estate investors
LAHORE: The recently held Coca-Cola Food and Music Festival – Coke Fest at Lake City Golf and Country club has surprisingly helped push...
Pakistan has no option but to approach IMF again: Dr Waqar Masood
ISLAMABAD: After banging the drums with no results the PML-N led government is back to where it started financially. Pakistan is left...
Government not worried about increasing debt: MoF
ISLAMABAD: The federal government obtained $ 2.9 billion in loans from commercial banks, multilateral and bilateral institutions in December 2017 alone.
Documents available...
Govt constructs 13,000 km network of roads: Senate told
ISLAMABAD: Minister for Parliamentary Affairs Sheikh Aftab Ahmed Monday apprised the Senate that the government had constructed 13,000 km network of roads...