The federal government has decided to increase the salaries and pensions of the serving and retired federal government employees respectively.… Read More
Tax-to-GDP Ratio Hits the Lowest Level in History
The tax-to-gross domestic product (GDP) ratio is now at the lowest level of 8.5 percent, revealed the Pakistan Economic Survey… Read More
Govt to Provide Solar Panels for Domestic Consumption in Gwadar
Prime Minister Shehbaz Sharif has said that the government is looking to provide solar panels for domestic consumers in Gawadar… Read More
Pakistan Budget 2022-23 [Live Updates]
The budget largely focuses on Pakistan’s fiscal policy, which will strive to maintain Pakistan’s economic growth at over 5 percent,… Read More
Pakistan and Republic of Korea Sign Framework Arrangement Worth $1 Billion
Pakistan and the Republic of Korea signed a Framework Arrangement amounting to $1 billion in Islamabad on 9 June 2022.… Read More
Pakistan’s Federal and Provincial Development Spending for PSDP 2022-23 is Rs. 2263 Billion
Pakistan’s total development spending (federal and provincial) is Rs. 2,263 billion, while the foreign exchange component of the entire development… Read More
Large Scale Manufacturing Surged by 10.4% During July-March FY22
Pakistan’s Large Scale Manufacturing (LSM) sector picked up the momentum and staged an overall growth of 10.4 percent during July-March… Read More
Country’s Spending on Education as Percentage of GDP Declined in FY22
The cumulative education expenditures by federal and provincial governments in the fiscal year 2020-21 declined to 1.77 percent of GDP… Read More
Senate Passes Fiscal Responsibility and Debt Limitation Bill
The Senate on Thursday passed the Fiscal Responsibility and Debt Limitation (FRDL) (Amendment) Bill, 2022 with a majority vote. The… Read More
Govt’s Outstanding Guarantees Hit Rs. 2.7 Trillion in FY22
The outstanding government guarantees have reached Rs. 2,700 billion, revealed the Pakistan Economic Survey 2021-22, published by the Finance Division… Read More
SBP Hosts 40th Council Meeting of the Islamic Financial Services Board
The State Bank of Pakistan (SBP) hosted the 40th Council Meeting and 20th General Assembly of the Islamic Financial Services… Read More
Banks Assets Surge to All-time High at Rs. 30 Trillion in 2021
The banking sector exhibited a consistent performance with all major indicators touching all-time high marks including assets, deposits, financing and… Read More
