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...
Talks on program resumption to begin from May 18, says IMF
The government of Pakistan will begin a crucial round of talks with the International Monetary Fund on May 18th. The talks will...
ADB indicates additional support of $2.5bn in upcoming fiscal year
The Asian Development Bank (ADB) here on Thursday indicated to provide additional support of $2.5 billion to Pakistan for the next fiscal...
CDWP clears four projects worth Rs136.74bn
The Central Development Working Party (CDWP) Wednesday cleared four development projects worth Rs136.74 billion during its meeting held here under the chairmanship...
ICCI seeks urgent steps to fix economy
Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to take urgent measures to fix the economy as the...
Rupee hits record low of 188.66 vs dollar in inter-bank market
Pakistani rupee maintained its fast losing streak against the US dollar on Tuesday and depreciated to 188.66, an all-time low in the...
PSX loses 1,447 points to close at 43,393 points
The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 1,447.67 points, with a negative change of...
Pakistan’s export to China up nearly 17pc in first quarter
Pakistan’s export to China crossed $1.039 billion in the first quarter of 2022, recording nearly 17 per cent increase from January to...
FBR needs Rs1,321bn in two months to achieve revenue target
The Federal Board of Revenue (FBR) needs Rs1,321 billion in two months of the current fiscal year to meet the revised annual...
Int’l developments, inflation impacting economic activities: Outlook
Although the economic recovery is underway, the international developments and persistent high domestic inflation might impact domestic economic activities, says Monthly Economic...
Federal govt constitutes 21 member EAC
The Federal government has constituted a high powered 21 member Economic Advisory Council (EAC).
The EAC shall be chaired by the Prime Minister,...
Asim Ahmad appointed as new FBR Chairman
The federal government on Wednesday appointed Muhammad Asim Ahmad as Chairman Federal Board of Revenue (FBR), as per media report.
He has replaced...
Govt asks for program extension, Fund asks to roll back fuel subsidies
The government has asked the International Monetary Fund for a one year extension of the ongoing program, as well as an enhancement...