Pakistan has imported petroleum products worth $100 million on a deferred payment basis under the Saudi oil facility for the… Read More
Govt Transferred Rs. 21.9 Trillion to Provinces Under Divisible Pool
The federal government allotted Rs. 21.970 trillion to four provinces under the National Finance Commission (NFC) Award and other grants… Read More
Debt of State-Owned Enterprises Reaches Rs 1.74 Trillion
Pakistan’s loss-making Public-Sector Enterprises (PSEs), including PIA, Pakistan Steel Mills Corporation (PSMC), and the Water & Power Development Authority (WAPDA),… Read More
Comparison of Development Spending During Last Decade
The previous three governments only spent 15 percent of the total budget expenditure on the development of the country, as… Read More
Govt Likely to Set Economic Growth Target at 5% for FY23
Officials from the Ministry of Finance and Planning Commission are considering setting a target of around 5 percent GDP growth… Read More
WB Warns to Pull Funding Over Non-Implementation of Project Objectives
The World Bank (WB) has cautioned the government that Pakistan can lose the funding for the “2nd Resilient Institutions for… Read More
FBR to Hire Advocates to Plea Departmental Cases of Customs
The Federal Board of Revenue (FBR) has decided to hire advocates to plea the departmental cases of Pakistan Customs Services… Read More
FBR’s Failure to Assign Cases Likely to Cost National Exchequer Billions in Revenue
The Federal Board of Revenue (FBR) has failed to provide cases to the Corporate Tax Office (CTO) Karachi, and there… Read More
Govt Calculates Dollar at Rs. 186 for Initial Budget Framework for IMF Discussion
The Ministry of Finance has finalized the rate of Rs. 186 per US$ for the initial budget estimates for the… Read More
Every 1 out of 3 Rupees of Income spent on Debt Servicing in Last Ten Years
Previous government is last ten years spent one out of every three rupees of income on debt repayments. the same… Read More
National Accounts Committee to Determine Growth Targets Tomorrow
The National Accounts Committee (NAC) is scheduled to meet tomorrow to accord provisional approval for the Gross Domestic Product (GDP)… Read More
Private Sector Bank Loans Surged by 189% in First 10 Months of FY 2021-22
The private sector’s loan from the banking sector surged by almost 189 percent or Rs. 859 billion to Rs. 1,313… Read More
