The headline inflation measured by the Consumer Price Index (CPI) was recorded at 11 percent on average during July-April 2021-22… Read More
Agreement with IMF Against Public Interest: Shaukat Tarin
Former finance minister Shaukat Tarin Thursday said that the agreement with International Monetary Fund (IMF) would not serve the interest… Read More
Govt Borrowing from Banking System Up by Massive 146% in FY22
The government sector borrowing increased to Rs. 1,586.8 billion for budgetary support during the period July 1st -29 April FY22… Read More
11 Science and Technology Schemes Dropped from PSDP Due to Financial Constraints
The government has dropped 11 new projects of the Ministry of Science and Technology (MoST) that had been proposed by… Read More
Economic Survey Confirms Pakistan’s GDP Growth Was 2nd Highest in 17-Years
The economy of Pakistan rebounded from the coronavirus pandemic and continued to post a V-Shaped economic recovery with real GDP… Read More
Govt to Make Rs. 30 Billion From Auction of 3G/4G Spectrum
The government is expecting to raise around Rs. 30 billion from the auction of an additional spectrum of 3G/4G called… Read More
Traders Reject Decision to Close Markets Early
The trading community has rejected the government’s energy conservation plan through market closure by 8:30 pm. All Pakistan Anjuman-e-Tajiran President… Read More
Importers Demand Withdrawal of ‘Cruel’ Policy on Smartphone Industry
The Mobile Phone Importers and Manufacturers Association (MPIMA), in a letter to Finance Minister Miftah Ismail, has demanded the cancelation… Read More
NEC Approves Rs 800 Billion PSDP and Growth Target of 5% for FY23
The National Economic Council (NEC) Wednesday approved the annual targets for the upcoming fiscal year 2022-23 including the GDP growth… Read More
CCP Conducts Inspection of Companies on Suspicion of Facilitating Bid-Rigging
As part of an ongoing investigation into the prima facie violations of Section 4 of the Competition Act 2010, the… Read More
Moody’s Downgrades Pakistani Banks’ Outlook From Stable to Negative
Moody’s Investors Service (“Moody’s”) has affirmed the B3 long-term deposit ratings of Pakistani banks and changed the outlook to negative… Read More
Govt to Cut Subsidies by 15% in FY23 Budget
The government is expected to allocate an amount of Rs. 578 billion for subsidies in the upcoming fiscal year, with… Read More
