The government is likely to end income tax exemptions in the upcoming budget under the strict demands of the International… Read More
Pakistan’s Investment to GDP Ratio Soars to 15.1%
Pakistan’s investment-to-GDP ratio has increased from 14.6 percent of GDP in 2020-21 to 15.1 percent during the ongoing fiscal year.… Read More
Govt Reduces KP’s Merged Area Development Budget
The federal government has reduced the development budget of the merged districts of Khyber Pakhtunkhwa (KP) for the next fiscal… Read More
CDWP Set to Clear Projects Worth Rs. 1800 Billion
The Central Development Working Party (CDWP) will consider on Saturday projects worth around Rs. 1800 billion, including Bhasha Dam Hydropower… Read More
Finance Division Stalls Budget Ceiling Request for Development Projects in FY2022-23
The Finance Division has yet to respond to the Ministry of Planning’s request for enhancing the provisional Indicative Budget Ceiling… Read More
Govt to Abolish Rs. 54 Billion Development Funds for Finance Division in FY23
The government has decided to abolish Rs. 54 billion block allocations for Finance Division in the upcoming Public Sector Development… Read More
Development Projects Suffer After Govt Cuts Public Sector Spending
The downward revision of the public sector development program (PSDP) from Rs. 900 billion to Rs. 480 billion has hampered… Read More
You Can’t Eat Imported Dairy Milk and Use Paris Fashion Products Now – Economic Postmortem
The government just introduced a ban on luxury imported items, a few of which are now becoming ‘necessities’, like Cadbury… Read More
New Hydel Profit Methodology to Raise Electricity Prices by Over 20%
The application of AGN Kazi Committee Methodology (KCM) for the calculation of Net Hydel Profit (NHP) will increase the generation… Read More
Power Crisis Looms Large as Tarbela Dam Water Level Hits Dead Level
Pakistan’s largest reservoir at Tarbela Dam has fallen to a dead level once again due to a considerable decline in… Read More
Govt Approves Hajj Policy 2022
The Federal Cabinet, through circulation, has approved Hajj Policy 2022, fixing Rs. 0.9 million as the tentative amount of Hajj… Read More
Govt Likely to Enhance Provincial Sanctioning Powers for Development Projects
The federal government is considering enhancing provincial planning ministries’ sanctioning powers to Rs. 20 billion for development projects. It has… Read More