Leader of Pakistan Tehreek-e-Insaf (PTI) and former finance minister Shaukat Tarin on Wednesday said that the incumbent government may increase the deficit to Rs. 5,600 billion to discredit PTI. According to details, the former finance minister Shaukat Tarin in his tweet pointed out that on the ...

ISLAMABAD – As the inflation rate rose to the highest level in two years, the International Monetary Fund is asking Islamabad to raise power tariffs further to align energy tariffs with cost recovery. Reports in local media quoting the staff report of global lender said it demanded to raise ...

ISLAMABAD – The International Monetary Fund (IMF) on Thursday asked Pakistan to take additional taxation measures in the shape of income and sales taxes and regulatory duty (RD) to pull up the annual tax collection target from Rs5.8 trillion to Rs6.3 trillion. This new demand by the IMF comes ...

The economic momentum is expected to accelerate further during the financial year 2021-2022 increasing the pace of growth of the closing financial year due to the revival of business activities across the country. The optimistic outlook is thanks to the expanding vaccine roll-out and relatively ...

The National Power Regulatory Authority (Nepra) has decreased the electricity price by 44 paisas per unit. Nepra has released a notification for lowering the price of electricity on Monday. The reduction was made in the head of monthly fuel price adjustment for the month of April. The consumers ...

Islamabad: Special Assistant to Prime Minister Imran Khan for Finance Dr Waqar Masood has said that the increase in electricity prices has been postponed for the time being and the salaries of employees will be increased in the next budget. Dr Waqar Masood in a briefing to theNational Assembly ...

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the circular debt build up in energy sector had declined by Rs 189 billion during first 10 months (July-April) of current fiscal year as compared to same period of last year. "Circular debt build up in ...

The government will renegotiate the conditions of the hiking of the power tariff and the raising of tax revenues with the International Monetary Fund (IMF). This was stated by the new Minister for Finance, Shaukat Tarin, during his first address at a meeting of the National Assembly Standing ...

The 52nd meeting of the National Assembly Standing Committee on Finance and Revenue was held at Parliament House, Islamabad, under the chairmanship of MNA, Mr. Faiz Ullah. The Additional Secretary Power Division (M/o Energy) informed the Committee about the sector-wise circular debt. He ...

The Pakistan Stock Exchange link (PSX) , a barometer to gauge economic performance, has emerged as the second best performing regional market in January, as it hit three-year high growth in share prices with 16-year high trade volume and 13-year high trade value in the last session on Friday. At ...