Budget to trigger storm of inflation, unemployment, warns Tarin
Former Finance Minister and Pakistan Tehreek-e-Insaf (PTI) Shaukat Tareen has hinted that the government proposed budget 2022-23 would trigger a storm of...
IMF program likely to revive after budget: Miftah Ismail
Finance minister has said that staff level agreement with the International Monetary Fund is likely to be revived after the budget as...
Coalition govt to present Rs9.5tr budget on Friday
Prime Minister Shahbaz Sharif led coalition government will present Rs9.5 trillion budget for fiscal year 2022-23 on Friday.
As per the details, finance...
BUDGET: Govt to raise tax on online gaming, social media apps
The federal government is considering over a proposal to increase tax on income made through social media platforms including TikTok, YouTube and...
Moody’s changes Pakistan’s outlook to negative from stable
Moody's Investor Service on Thursday downgraded Pakistan's outlook from stable to negative, citing "heightened external vulnerability" and uncertainty around securing external financing...
Finance division indicates reduction in PSDP for 2022-23
Despite the Ministry of Planning’s earlier announcement of Rs700 billion Public Sector Development Programme (PSDP) for next financial year, the Finance Division...
IMF deal to be finalized next month, says Miftah
Minister for Finance and Revenue, Miftah Ismail here on Saturday said that the staff level agreement with International Monetary Fund would be...
Pakistan’s external financing gap could rise to $8bn: Morgan Stanley
The outlook for Pakistan is worsening, says Morgan Stanley in a report released on Friday. The country has “underperformed significantly since February”,...
Govt jacks up petroleum prices on IMF demand
Finance Minister Miftah Ismail announced Thursday the country's biggest-ever Rs30 per litre hike in the price of petroleum products to fulfill the...
Govt committed to IMF programme revival: Miftah
Finance Minister Miftah Ismail has said that the government is committed to reviving the International Monetary Fund (IMF) programme and putting the...
Saudi Arabia finalising extension of $3bn deposit to Pakistan
Saudi Arabia is finalising the extension of the kingdom's $3 billion deposit to Pakistan, Saudi Minister of Finance Mohammed al-Jadaan told Reuters.
"We...
Monetary Policy hiked by 150bps furthers divergence in monetary, fiscal policy
The State Bank of Pakistan announced a 150bps policy rate hike following the Monetary Policy Committee meeting earlier today.
The SBP states, “This...
GSMA recommends gradual abolishment of Advance Income Tax
To improve the affordability of mobile services and encourage the adoption of communication services, especially for lower income segments in Pakistan, the...
Govt to present next fiscal year budget on June 10, 2022
The Federal government will present the next fiscal year budget on June 10, 2022.
The document states that the Prime Minister has been...
GDP growth estimated at 5.97pc for FY 2021-22
Pakistan has estimated the Gross Domestic Product (GDP) growth in the range of approximately 6 percent for the current fiscal year with...