Finance Minister Miftah Ismail Saturday said that fiscal consolidation to avoid a Sri Lanka-like situation is the top priority of… Read More
Govt Issued Grants Worth Rs. 831 Billion for Unbudgeted Expenditures in FY22
The federal government has issued Rs. 831 billion for regular and technical supplementary grants to fulfill unbudgeted expenditures including oil… Read More
Govt Allocates Rs. 699 Billion for Subsidies in Budget 2022-23
The government has proposed to allocate Rs. 699 billion for giving subsidies to different sectors for providing relief to the… Read More
Pakistan Faces Annual Tax Evasion of Rs. 3 Trillion: Miftah
Finance Minister Miftah Ismail Friday claimed that tax evasion in the country amounts to Rs. 3,000 billion annually. He made… Read More
Large Scale Manufacturing Surged by 10.4% During July-March FY22
Pakistan’s Large Scale Manufacturing (LSM) sector picked up the momentum and staged an overall growth of 10.4 percent during July-March… Read More
Pakistan’s Wheat Production Slumped Due to Water Shortages in FY22
The wheat production in the country has decreased due to a reduction in cultivation area, less fertilizer off-take, droughts, and… Read More
Petroleum Subsidies Acted as Double-Edged Sword for the Economy: Economic Survey
The relief package on oil prices in the country given by the previous government acted as a double-edged sword as… Read More
Tax Exemptions Grew By 33% in FY22: Economic Survey
The annual cost of tax exemptions increased by Rs. 443 billion (33 percent) to Rs. 1.757 trillion during the outgoing… Read More
Govt Set to Unveil Rs. 9.6 Trillion Budget for FY23
The coalition government led by Prime Minister Shehbaz Sharif will unveil a Rs. 9.6 trillion budget including Rs. 800 billion… Read More
Debt Burden Likely to Swell to Rs. 4 Trillion Next Fiscal Year
The burden of debt servicing on the national exchequer is likely to swell to Rs. 4 trillion due to heavy… Read More
FBR to Operationalize Directorate to Fulfil FATF Requirements
The Federal Board of Revenue (FBR) has filled the vacant posts in various offices of the Directorate General of Designated… Read More
Planning Commission Asks for Further Increase in Indicative Budget Ceiling for Upcoming PSDP
The Ministry of Planning has once again approached the Finance Division to enhance the Indicative Budget Ceiling (IBC) for the… Read More
