Nine ongoing development projects, including four under the umbrella of the China Pakistan Economic Corridor (CPEC), received no funding from… Read More
FBR Discovers 29,000 Fake Invoices of Tier-1 Retailers
The Federal Board of Revenue (FBR) has unearthed 29,000 fake invoices issued by the Tier-1 retailers integrated with Point of… Read More
Private Sector Borrowing Surges 285% in 7MFY21
The private sector borrowing from the banking sector surged by 285 percent to Rs. 807 billion during the first seven… Read More
Pakistan’s Fiscal Deficit Contracts to 2.1% of GDP in 1HFY22
Pakistan’s fiscal deficit contracted to 2.1 percent of GDP during the first half of the current fiscal year compared to… Read More
ECC Okays Increase in Price of Mazarani Field’s Gas for Next 4 Years
The government has increased the gas price of Mazarani Field by 114 percent to $3.75 per MMBTU [Metric Million British… Read More
Commerce Ministry Allows Export of 14 Items to Afghanistan in PKR
The Ministry of Commerce has amended the Export Policy Order 2020 to allow the export of 14 other items to… Read More
SECP Lays Down Procedure of Acquiring Non-Performing Assets from Financial Institution
The Securities and Exchange Commission of Pakistan (SECP) has proposed to form a trust under the Corporate Restructuring Company (CRC)… Read More
Pakistan Paid Off $1.35 Billion in Debt Servicing During Q1FY22
The government paid $1.35 billion in debt servicing of external public loans during the first quarter of the current fiscal… Read More
SECP Gives More Power to Executive Director
The Securities and Exchange Commission of Pakistan (SECP) has delegated more powers to the executive director (ED) of the Policy… Read More
PSO’s Receivables Surge to Rs. 436 Billion
The receivables of the Pakistan State Oil (PSO) have touched the highest level of Rs. 436 billion from its consumers… Read More
FBR Removes Condition of Corporate Guarantee Against Imported Items
The government has withdrawn the option of accepting a Corporate Guarantee against any imported items, while a bank guarantee or… Read More
Govt to ban Criminals Charged for Holding Specialized Positions
The government has decided to ban people convicted for criminal offenses from holding ownership of or positions in Designated Non-Financial… Read More
