Education sector receives marginal budget boost for 2023-24

The government's allocation of Rs. 97.098 billion for Education Affairs and Services in the federal budget for the fiscal year 2023-24 has...

In significant increase, govt sets Rs 1.14 trillion development budget with priority given to ‘populist’ ‘projects

Overall increase in PSDP marks govt trying to shore up support in an election year. But how will IMF react to this increased expenditure?

Pakistan’s economy grew only 0.29pc in FY22-23 

Dar unveils the Economic Survey of Pakistan a day before the budget, presenting a bleak picture of the economy. 

Tax exemptions cost govt over Rs2.239tr in 2022-23

The total tax exemptions cost the govt Rs2.239tr during the fiscal year 2022-23, against Rs 1.757tr in 2021-22, reflecting an increase of Rs482.63bn

Govt misses targets for all key economic indicators in FY23

Govt team to launch Economic Survey tomorrow

Budget season in full swing in Islamabad as govt scrambles for public’s support 

Prime Minister calls high-level meeting to discuss relief measures for the public with a tight budget on the cards

Govt approves 3.5% GDP growth target for fiscal year 2023-24

NEC approves Rs2.709 trillion Annual Development Plan for FY24
Public debt-Pakistan

Govt borrows Rs41b per day on average during one year in office

Domestic borrowing went up by Rs7.635tr since April 2022

ECC accords approval for issuing Rs9.5b guarantee for Hyderabad-Sukkur motorway

TSG of Rs 402b in favor of Ministry of Economic Affairs for debt servicing also approved

Govt likely to authorise FBR to collect FED on digital services in provinces

The Federal government is likely to authorize the Federal Board of Revenue (FBR) to collect Federal Excise Duty on digital services in...

ECC likely to approve framework agreement with Azerbaijan’s SOCAR for LNG procurement

Pakistan set to take strategic step to secure cheaper LNG, enhance energy cooperation with Azerbaijan

Highs and lows: Toyota shuts down plant same week it unveils HEV

The company unveiled the new HEV in a star-studded assembly whilst announcing that it will be suspending production next week the very next day

Okayker sets target on car mechanics with $700,000 in seed funding

Company claims it will revolutionize Pakistan’s auto care industry. 

Annual inflation has soared to its highest ever level of 38%. How did we get here? 

Food staples, tobacco and transport take the biggest hit as living conditions for average citizens go from bad to worse

Pakistan could earn as much as $300m through PVC exports. But will our faltering economy allow it? 

Non-conducive business environment becomes the barrier for the company to increase its local demand and improve exportsÂ