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Punjab Revenue Authority register massive increase in revenue collections in 2020
2 Jan, 2021
LAHORE: Punjab Revenue Authority (PRA) collected Rs.73.7 billion from July to December 2020 registering a phenomenal growth of 41.6 per cent over the Rs.52.1 billion collected in the first half of the previous financial year, the PRA spokesperson said this here on Friday. This performance, she ...
IMF reveals the first review of Pakistan Economic performance, it's positive development for Islamabad
25 Dec, 2019
ISLAMABAD - International Monetary Fund’s (IMF) Resident Representative for Pakistan, Ms. Teresa Daban Sanchez on Tuesday during the first review of Pakistan’s economic performance under the Extended Fund Facility (EFF) it was noted the overall macro-economic performance remained ...
IMF report reveals new facts about Pakistan Economic conditions
21 Sep, 2019
*ISLAMABAD: The International Monetary Fund (IMF)** report reveals new facts about Pakistan Economic conditions.* *IMF reports says Pakistan’s economic growth rate is projected at 2.4 per cent during the current financial year of 2019-20 and inflation is expected to decline in the coming ...
Prime Minister Imran Khan orders to withdraw controversial ordinance
4 Sep, 2019
*ISLAMABAD - **Prime Minister Imran Khan orders to withdraw controversial ordinance of Gas Infrastructure Development Cess.* * In the view of recent controversy, Prime Minister Imran Khan has decided to withdraw the ordinance which allowed to waive off Rs210 billions of Gas Infrastructure ...
Govt neither reduced nor delayed transfer of funds to provinces: MoF
30 Apr, 2019
Ministry of Finance has clarified that Federal Government has neither reduced nor delayed transfer of funds to any of the provinces. In a statement, Ministry said all the provinces have been receiving their share in Federal Transfers in accordance with the NFC Award. Federal Government makes these ...
SBP increases policy rate by 50 basis points from April
30 Mar, 2019
State Bank of Pakistan has announced to increase policy rate by 50 basis points from next month. According to a monetary policy statement issued by State Bank of Pakistan in Karachi today (Friday), the current account deficit recorded a sizeable contraction during the first two months of 2019, ...
Why SBP has raised the policy interest rates yet again?
29 Mar, 2019
ISLAMABAD - State Bank of Pakistan (SBP) Friday announced the monetary policy for next two months, decided to increase the policy rate by 50 basic points (bps) to 10.75 percent which would be effective from April 1, 2019. The Monetary Policy Committee (MPC) noted that sustainable growth ...
IMF further squeezes Pakistan on the Revenue collection
28 Jan, 2019
ISLAMABAD - The International Monetary Fund (IMF) has further squeezed Pakistan on the issue of tax collection to stabilise economy. As per media report, IMF has asked the government to raise its revenue collection on a short-term basis to steady the economy. In comments about the supplementary ...
GDP, tax collection witnessed sharp increase: Senate told
10 Apr, 2018
ISLAMABAD:State Minister for Finance and Revenue Rana Muhammad Afzal on Monday said owing to the efforts of the incumbent government economic policies, the country’s gross domestic product (GDP) and tax collection have witnessed sharp increase while inflation has considerably been ...
FBR net revenue collection over Rs270b in November
1 Dec, 2017
Federal Board of Revenue has achieved provisional net revenue collection of over 270 billion rupees in month of November.According to spokesperson of FBR, provisional net revenue collection is also recorded as 1302 billion rupees for the first five months of the fiscal year with an increase of ...
