Large scale manufacturing (LSM) saw an unprecedented decline of 42% in April 2020 as compared to the same period of… Read More
Pakistan’s Public Finances Set to Remain a Rating Weakness: Fitch
Pakistan’s fiscal consolidation targets presented its FY21 budget on 12 June will be challenging to meet amid the economic shock… Read More
PIA Reduces Freight Charges to Help Increase Mango Exports
In a bid to increase the mango exports of the country amid the global shutdown due to COVID-19, Pakistan International… Read More
ADB Projects 2% Growth Rate for Pakistan in FY 2021
Pakistan’s economy is projected to grow by 2% in the fiscal year 2021, according to the Asian Development Bank. This… Read More
Rupee Falls to a Two-Months Low Against the US Dollar
The rupee also lost grounds against the dollar in the interbank market as it dropped down to a two-month low… Read More
Pakistan-Iran Border Reopened to Allow Mango Exports
The Government of Pakistan has decided to fully reopen the Pakistan-Iran Taftan border for seven days for trade purposes, amid… Read More
Pakistan Now Has More Nuclear Weapons Than India: SIPRI
Pakistan has an upper hand in terms of nuclear weapons and warheads against India with China taking the lead in… Read More
Senate Rejects 40-Year Tax Exemption for Gwadar Port
Senate’s Standing Committee on Finance has rejected Gwadar Port’s 40-year tax exemption on specific names of companies, their contractors and… Read More
Pakistan Doesn’t Properly Disclose Debt Obligations: US State Department
The United States’ Department of State released its Fiscal Transparency Report in which it has mentioned that the Government of… Read More
Punjab Govt Slashes Overall Budget for Public Order and Safety Affairs
The government of Punjab has reduced the overall budget under the “public order and safety affairs” head that includes high… Read More
Punjab Govt Presents Budget FY2020-21 Targeting Businesses
Provincial Finance Minister Makhdoom Hashim Jawan Bakhat has presented an austerity based tax-free Punjab budget for the financial year (FY)… Read More
Textile Mills Suggest Changes in Budget to Prevent Thousands of Job Cuts
The All Pakistan Textile Mills Association (APTMA) has said that the proposed budget for FY 20-21 has completely failed to… Read More
