The government has estimated set tax projections of Rs. 9.2 trillion for the Federal Board of Revenue (FBR) for the… Read More
Rupee Loses Further Ground Against US Dollar, Saudi Riyal
The Pakistani rupee fell further against the US Dollar during intraday trade today after opening trade at 279.5. The Pakistani… Read More
Sui Southern Reports Rs. 2.65 Billion Loss for 2QFY22
Sui Southern Gas Company Limited (SSGC) announced a consolidated loss of Rs. 2.65 billion in the quarter that ended on… Read More
Govt Expected to Collect Rs. 200 Billion Tax From Tobacco Sector in FY2023
The government will likely pile up roughly Rs. 200 billion from the tobacco industry this year, compared to Rs. 148… Read More
What if Pakistan Defaults?
Pakistan’s pursuit of the ninth review of its International Monetary Fund (IMF) program has proven to be elusive, casting doubt… Read More
Rupee Ends Week With More Losses Against US Dollar
The Pakistani rupee dropped further against the US Dollar during intraday trade today after opening trade at 279.75. The Pakistani… Read More
IMF’s Reluctance to Revive Loan Program Likely Due to Political Uncertainty: Bloomberg
Political unrest in Pakistan is likely one of the reasons the International Monetary Fund (IMF) is hesitant to revisit the… Read More
Pakistan’s Electricity Generation Down by Almost 23% in April
Power generation in the country went down by 22 percent on a year-on-year (YoY) basis to 10,010 gigawatts per hour… Read More
ICAP Want Govt to End Tax Exemptions for High-Ranking Government and Military Officials
The Institute of Chartered Accountants of Pakistan (ICAP) has strongly recommended the withdrawal of income tax exemptions to high-profile officials/positions… Read More
Afghan Situation Impacts Pakistan’s Connectivity With Central Asia: ADB
Instability and regime change in Afghanistan has affected Pakistan’s connectivity with other Central Asia Regional Economic Cooperation (CAREC) member countries,… Read More
Foreign Loan Inflows Fall by 37.7% in 10 Months of FY23
The government has borrowed $8.123 billion from multiple financing sources during the first ten months (July-April) of 2022-23 compared to… Read More
Pakistan’s Imports Under Saudi Oil Facility Hit Almost $1 Billion in 10 Months of FY23
Pakistan imported petroleum products worth $982.28 million on a deferred payment basis under the Saudi oil facility during the first… Read More
