Business & Economy Published 26 Jul, 2024 03:03pm FBR lowers FY25 tax collection target after IMF approval FBR has set a tax collection target of Rs. 2.642 trillion
Business & Economy Published 19 Jul, 2024 06:54pm Pakistan is looking for external financing avenues, says finance minister Aurangzeb says meeting the external financing gap was ‘very manageable and very doable’
Business & Economy Updated 20 Jul, 2024 12:37am PSX drops more than 1,700 points The decline is considered to be caused by ongoing political situation
Business & Economy Published 18 Jul, 2024 12:27am Technocrats will lead Pakistan if government changes: Fitch Says new elections won’t be held in South Asian country
Business & Economy Updated 17 Jul, 2024 05:06pm IMF keeps Pakistan’s economic growth projection unchanged at 3.5% Fund stresses need for careful policy management
Business & Economy Published 16 Jul, 2024 01:42pm Lack of strong mandate could be hurdle to reform program, Moody’s says However, the agency acknowledged potential challenges to reform implementation
Business & Economy Updated 15 Jul, 2024 05:15pm Pakistan shares hit fresh record after new IMF deal The deal caps negotiations that started in May
Business & Economy Published 15 Jul, 2024 11:04am IMF deal: Finance Ministry tightens grip on development funds despite planning ministry objections The PTI govt had streamlined budget release process to enable faster disbursements
Pakistan Updated 13 Jul, 2024 06:24pm Will quit, but won’t come under pressure: PM Shehbaz Orders FBR to tax those who have not been paying any taxes
Business & Economy Published 13 Jul, 2024 03:08pm FBR targets retailers and small shops with new monthly tax scheme The expansion of the tax net is necessary to meet the conditions of the $7 billion loan
Business & Economy Updated 13 Jul, 2024 05:32pm IMF reaches $7 billion staff-level loan agreement with Pakistan The agreement is subject to approval by the Executive Board of the Fund
Business & Economy Updated 11 Jul, 2024 11:39am IMF suggests Pakistan to impose 45% tax on agriculture income: report Agriculture sector contributes meagre 0.1% to total tax collection
Pakistan Updated 09 Jul, 2024 06:00pm Govt to give relief to people using less than 200 units for 3 months: PM Shehbaz Will allocate Rs50 billion to offset tariff reduction
Pakistan Published 08 Jul, 2024 06:34pm President Zardari summons National Assembly session on July 9 Pakistan expected to sign staff-level agreement with IMF for loan this month
Pakistan Updated 08 Jul, 2024 05:12pm Pakistan’s reliance on IMF to continue unless it boosts tax collection, warns Aurangzeb The budget aims to raise Rs13 trillion ($46.6 billion) in tax revenues
▶️ Pakistan Updated 08 Jul, 2024 12:02am Achakzai believes Imran Khan’s release will help lower ‘political temperature’ PkMAP chief calls for convening all-parties conference; says establishment must be told ‘enough is enough’
Business & Economy Updated 03 Jul, 2024 08:26pm Pakistan has met all requirements for IMF bailout deal, minister says While the budget may win approval from the IMF, it could fuel public anger
Business & Economy Published 03 Jul, 2024 01:25pm Pakistan has met all requirements for IMF bailout deal, finance official says Pakistan has set challenging revenue targets in its annual budget
▶️ Pakistan Updated 02 Jul, 2024 12:23am Aurangzeb promises relief for salaried class, says rupee to remain stable Says Pakistan hopes to get staff-level agreement this month
▶️ Business & Economy Updated 11 Jun, 2024 10:22pm There are no sacred cows, says Aurangzeb as Pakistan registers 2.38% GDP growth Presents Pakistan Economic Survey ahead of annual budget on Wednesday (tomorrow)
Pakistan Published 11 Jun, 2024 10:07am Budget Strategy Paper still pending as talks with IMF continue Even the broad contours of the budget have not been shared with the cabinet
Business & Economy Published 10 Jun, 2024 05:21pm Pakistan’s budget will aim to set stage for IMF bailout It will also be first test for new Finance Minister Muhammad Aurangzeb
Business & Economy Published 10 Jun, 2024 05:00pm State Bank of Pakistan cuts key rate to boost economy Decision to cut key rate to 20.5% comes two days ahead of annual budget
Business & Economy Published 09 Jun, 2024 11:43pm Government mulls increasing petroleum levy to tackle circular debt Also aims to utilise Gas Infrastructure Development Cess funds
Business & Economy Published 09 Jun, 2024 08:53am US treasury department team to visit Pakistan to evaluate economy The visit comes as Pakistan eyes another IMF program
Business & Economy Published 02 Jun, 2024 08:06pm Pakistan, IMF at odds over exchange rate assumptions: report Government pins hopes on World Bank, ADB disbursements to support rupee
Business & Economy Updated 01 Jun, 2024 12:50pm PM, PTV retract tweets on massive decrease in petroleum prices The PM had originally ordered Rs15.4 reduction in petrol price
Pakistan Published 31 May, 2024 09:04pm IMF proposes spike in GST and taxes on salaried class in new budget: sources The budget is set to be presented on June 10
Business & Economy Published 31 May, 2024 03:50pm Budget to be presented on June 10, say sources Budget was originally due to be presented on June 7 but was delayed because of PM Shehbaz’s visit to Beijing from June 4-8
Pakistan Updated 27 May, 2024 04:35pm In meeting with Aurangzeb, US envoy highlights support for economic reform agenda United States is committed to working with Pakistan, says Donald Blome