KARACHI – The State Bank of Pakistan has revised annual growth forecasts to 3-4 percent for the current fiscal year. In the Annual Report, the central bank projects real Gross Domestic Product growth below the previously announced range for the current fiscal year, citing massive floods, and ...

Economic Survey of Pakistan for the current financial year is being launched today.    The survey will provide an overview of the national economy, highlighting performance and achievements in different sectors during the fiscal year.   Its launching marks the opening of budget ...

Minister for Finance Asad Umar has said that the government is working on enhancing tax base in the country through a comprehensive package for tax reforms.  Addressing a ceremony in Rawalpindi, he said there is no shortage of electricity in the country and unfounded and baseless criticism in ...

Pakistan’s trade deficit has contracted by almost two percent during first four months of current fiscal year. The country’s trade deficit was recorded at 11.8 dollars billion during July-October period of the ongoing financial year as against 12 billion dollars of corresponding period ...

Punjab Assembly approved the provincial budget for current fiscal year 2018-19 during its session in Lahore. The House approved a total of forty-three Demands for Grants for different sectors, without any cut motion tabled in absence of Opposition members. Speaking at the House after the passage of ...

The Khyber Pakhtunkhwa tax free surplus budget for current fiscal year with a total outlay of six hundred and forty-eight billion rupees was announced in Peshawar this evening. Presenting the budget in the provincial assembly, Finance Minister Taimur Saleem Jhagra said the province will receive ...

ISLAMABAD:The revenue collection during the first ten months of the current fiscal year (July-April, 2017-18) witnessed an increase of 16 percent compared to the same period of the last year. According to data released by FBR, the Federal Board of Revenue recorded a provisional net revenue ...

ISLAMABAD:Prime Minister's Adviser on finance Miftah Ismail says GDP growth rate during the current fiscal year will remain 5.8 percent.    Speaking at a pre-budget seminar in Islamabad, he said new power plants will become operational by June this year and add more electricity to the ...

Average inflation increased by 3.86% during first seven months of the current financial year as against the same period last year. According to the data released by Pakistan Bureau of Statistics, inflation rate increased by 4.42% in January this year as compared to January last year.

Federal Board of Revenue has collected two trillion rupees in the first seven months of the current fiscal year. According to the spokesperson of the Board, 1699 billion rupees were collected during the same period of the previous fiscal year, recording an increase of more than 300 billion.