Tax collection rises 2pc

Tax collection rises 2pc

The Federal Board of Revenue (FBR) on Monday released the revenue collection information of the first two months of the current financial year i.e July & August-2020. According to the released information, against the assigned

Asim Bajwa asked to clarify assets

Asim Bajwa asked to clarify assets

Senator Shibli Faraz, the federal government’s information minister on Tuesday said the CPEC Authority Chairman Asim Bajwa will share details around the recently released story on his ownership in million-dollar Papa John’s Pizza chain. Earlier

Pakistan debt level sustainable, says Finance Ministry

Pakistan debt level sustainable, says Finance Ministry

The Ministry of Finance late on Saturday said the country’s debt was not elevated and easily manageable given the country’s outlook for the next few years. “According to latest numbers released by the State Bank

GDP growth could rise to 1.8pc, says IIF

GDP growth could rise to 1.8pc, says IIF

The International Institute of Finance (IIF) on Friday said that Pakistan’s GDP growth could rebound to 1.8 percent in the fiscal year 2020-21 as the private consumption picks up. “We expect gradual improvement in economic

Economy on right track, says Finance Ministry

Economy on right track, says Finance Ministry

The Ministry of Finance has said the country’s economy is likely to rebound in the coming quarter as the major economic indicators including the large scale manufacturing, trade account, current account, remittances and the foreign

Virgin Atlantic to launch services in Pakistan

Virgin Atlantic to launch services in Pakistan

British airways Virgin Atlantic has announced it plans to begin services in Pakistan from December onwards. “Virgin Atlantic is pleased to announce it will be launching flights to Pakistan in December 2020,” the company said in an

IT exports target set at $5bn

IT exports target set at $5bn

“We are setting a target of $5 billion in information technology export remittance by fiscal year 2023, and will provide all the necessary support to achieve this target,” Federal Minister for IT Syed Amin Ul

Record jump in remittances

Record jump in remittances

Workers’ remittance into the country 36.5 per cent year-on-year to $2.768 billion -- highest ever monthly remittances during the country’s history, data released by the State Bank of Pakistan (SBP) showed on Monday. “In July,

Mechanism for digital payments unveiled

Mechanism for digital payments unveiled

In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital

Fiscal deficit narrows to 8.1pc in last fiscal year

Fiscal deficit narrows to 8.1pc in last fiscal year

The country’s fiscal deficit in the fiscal year 2019-20 stood at 8.1 percent of the GDP, data released by the Ministry of Finance showed on Wednesday. In figures, the budget deficit in FY20 amounted to