The bank borrowing of the private sector has surged by 170 percent to Rs. 1,198 billion from Rs. 443 billion… Read More
Budget Deficit Set To Touch Rs. 3.74 Trillion
The Finance Ministry estimates that the overall budget deficit will go up by Rs. 327 billion to Rs. 3,747 billion… Read More
Pakistan Can Double its Tax Revenue: ADB
Pakistan has a low tax-to-GDP ratio compared to other emerging economies, averaging 11 percent, which can potentially reach 26 percent… Read More
Pakistan’s Outstanding Debt Crosses Rs. 42.7 Trillion in July-Feb FY22
The debt stock of the Federal Government increased by Rs. 4.06 trillion to Rs. 42.76 trillion during the first eight… Read More
Budget Preparation for FY23 Slows Down Amid Uncertain Political Situation
The budget process for the next fiscal year has been slowed down due to ongoing political uncertainty in the country… Read More
Only 45% of PSDP Funds Utilized During First 9 Months of FY22
The utilization of developmental funds has remained very low during the current fiscal year as only 45.3 percent of the… Read More
IMF Rules Out Suspension of IMF Program for Pakistan Despite Change of Govt
On the seventh review of the International Monetary Fund’s (IMF) program for Pakistan, the talks between Pakistan and the international… Read More
PSO Requires Rs. 60 Billion Funding to Avert Energy Shortages
Pakistan State Oil (PSO) is undergoing a serious financial crunch as it needs Rs.60 billion urgently to avert a national… Read More
Economy on Course to Achieve 5% Growth Target: Finance Ministry
The Finance Ministry maintained that Pakistan’s economic performance remained strong and is still on a trajectory compatible with an economic… Read More
IMF Talks in Standstill as Govt Disagrees on 4 Crucial Issues
Disagreement on four critical issues has become an impediment in the successful conclusion of the ongoing seventh review meeting between… Read More
Pakistan Received Over $12 Billion External Loans in First 8 Months of FY22
The government borrowed $12.178 billion from multiple financing sources in the first eight months (July-February) of 2021-22 against the total… Read More
Govt Approves 10% Tax Relief on Edible Oil Imports for Ramazan
The government has approved tax relief of 10 percent on the import of edible oil for the month of April… Read More
