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
Average Headline Inflation Increased Considerably in FY22: Economic Survey
The headline inflation measured by the Consumer Price Index (CPI) was recorded at 11 percent on average during July-April 2021-22… Read More
Finance Minister Defends Payments to Chinese IPPs Under CPEC Energy Framework
Federal Finance Minister Miftah Ismail has defended giving payments to Chinese Independent power producers (IPPs) under the China-Pakistan Economic Corridor… Read More
Minimum Support Price for Cotton to be Set Between Rs. 8,000 and 9,000
The Senate Standing Committee on National Food Security and Research recommended fixing the minimum support price for cotton at Rs.… Read More
Govt Must Work on Harmonization of GST: Finance Minister
Federal Minister for Finance and Revenue, Miftah Ismail has said that to have ease of doing business, harmonization of general… Read More
Govt Unveils Pakistan Economic Survey with Promise of Economic Stability Next Year
Federal Minister for Finance and Revenue Miftah Ismail on Thursday formally launched the ‘Pakistan Economic Survey 2021-22’, the pre-budget document… Read More
KP Achieves Highest Literacy Rate Growth Among All Provinces
The federal government has launched the Pakistan Economic Survey (PES) 2021-22, detailing how the national economy performed in the current… Read More
