The Pakistani rupee (PKR) ended its 2-day win streak against the US Dollar today after opening trade at 278 in… Read More
Power Generation Goes Up Slightly in May
Power generation in the country went up by 2.7 percent YoY to 12,617 gigawatts per hour (GWh) in May 2024,… Read More
Pakistan’s Tax-to-GDP Ratio Likely to Hit 7-Year High Next Fiscal Year
Pakistan’s tax-to-GDP ratio (including petroleum development levy) in tax revenues is projected to reach 11.5 percent in fiscal year 2024-25.… Read More
Budget FY25 Boosts Chances of New IMF Program Despite Issues: Fitch Ratings
Pakistan’s ambitious FY2024-25 budget strengthens prospects for an IMF deal, Fitch Ratings said in a report on Tuesday. It is… Read More
Pakistan Is The Most Financially Attractive IT Outsourcing Destination in the World: Report
Pakistan is the most financially attractive IT&ITeS outsourcing destination in the world, the Economic Survey 2023-24 revealed last week. According… Read More
Rice Production Hits Record High in 11 Months of FY24
Pakistan’s rice production was recorded at 9.9 million tons in the eleven months that ended on May 31, 2024 (11MFY24),… Read More
Fertilizer Industry Received Tax Exemptions Worth Rs. 252.6 Billion in FY23
The fertilizer sector benefited greatly from sales tax exemptions worth Rs. 252.60 billion in the fiscal year 2022-23, according to… Read More
Rupee Ends Budget Week With Gains Against US Dollar
The Pakistani rupee (PKR) gained further ground 2nd day in a row against the US Dollar today after opening trade… Read More
New Property Taxes in Budget to Increase Cost Pressures on Construction Sector
The 2024-25 federal budget is expected to have a mixed impact on the construction sector. According to a report by… Read More
Roshan Digital Account Inflows Hit Highest Level in Over 2 Years
Gross foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $224 million in May 2024, compared to $171… Read More
FBR Uncovers Rs. 13 Billion Sales Tax Discrepancy in Audit of Major Tractor Manufacturer
On the direction of the President of Pakistan, the Large Taxpayer Office (LTO) Lahore has concluded an audit of a… Read More
Here Are the Salient Features of Budget 2024-25
The federal government has announced the budget for the fiscal year 2024-25. Finance Minister Muhammad Aurangzeb presented the Federal Budget… Read More
