The Finance Ministry said Pakistan continues to face five major and persistent economic challenges, including fuel prices, poverty, and inflation.… Read More
Rupee Posts Losses Against US Dollar, Recovers Big Against British Pound
The Pakistani rupee (PKR) started September with losses against the US Dollar today after opening trade at 278 in the… Read More
AGP Raises Objections on Huge Irregularities, Illegal Expenditures, Anti-Competitive Practices in Defence Sector
The Auditor General of Pakistan (AGP) has unveiled significant financial irregularities, unauthorized expenditures, and non-transparent procurement practices in the defence… Read More
Karachi Ports Handle 76% of Country’s Exports: Report
Pakistan’s port city Karachi handles 76 percent of exports through its ports, including Port Qasim and Karachi Port East and… Read More
NHA Development Funds Slashed By 12%
A mere two months into the fiscal year, the government slashed the Public Sector Development Program (PSDP) 2024-25 allocation for… Read More
FBR Misses Tax Collection Target by Rs. 98 Billion in Jul-Aug
The Federal Board of Revenue (FBR) suffered a shortfall of Rs. 98 billion in tax collection during the first two… Read More
Pakistan’s Total Export Growth Outpaces External Debt
Pakistan’s total export growth has managed to outpace its external debt in the past five fiscal years, according to latest… Read More
Rupee Ends August With Small Gains Against US Dollar, Other Currencies
The Pakistani rupee (PKR) ended the last week of August with gains against the US Dollar today after opening trade… Read More
Pakistan to Pay Off Rs. 60 Trillion of its Total Debt By 2032
Pakistan is scheduled to pay nearly Rs. 60 trillion in debt servicing for the period 2024-2032 of which Rs. 18.3… Read More
Telenor Microfinance Bank Posts Record Profit in H1 2024
The Board of Directors of Telenor Microfinance Bank (TMB) in its meeting held on August 22, 2024, approved the Bank’s… Read More
Listed Banks Post Rs. 137 Billion Profit in Q2 2024
Pakistan’s listed banks’ profitability clocked in at Rs. 137 billion, up 4 percent YoY in 2Q2024. Excluding National Bank (NBP),… Read More
Salaried Class Make Highest Tax Contribution, Retailers and Landowners Fall Short
Only 270,000 (8.7 percent) of 3.1 million retailers across Pakistan filed tax returns during the previous tax year, paying just… Read More
