In statement, central bank says decision reflects ‘continuation of the close relationship between the two brotherly countries’
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NAC meeting issues quarterly GDP growth of 2.13% for ongoing fiscal year, attributing it to increases in agriculture, industry and services sectors
Interim Minister Backs Civil Service, Taxation Reforms to Fix Economy
by Staff Reportby Staff ReportFawad laments poor performance of FBR, noting it only collects 7 percent of total tax revenue while 93 percent is voluntary or withholding
Witnessing signing ceremony, interim Prime Minister Kakar hopes the MoUs will translate into tangible projects very soon
PMLN, PTI senators trade blame over reasons for currency devaluation, blaming it for ballooning loans
Gas tariff increased 1,108.59% year-on-year, primarily driving the surge in short-term inflation
Shamshad Akhtar indicates Pakistan will need to secure a medium-term loan from the IMF immediately after conclusion of ongoing SBA
Interim Cabinet Approves 40% Windfall Profit Tax on Banks for 2021-22
by Staff Reportby Staff ReportCaretakers also approve changes to Haj policy, Exit Control List
Global lender says Islamabad will receive next tranche of $700 million following approval of IMF Executive Board
Global lender’s managing director says country’s ‘perennial problem’ is tax collection, which should be boosted to at least 15% of GDP
Interim finance minister reaffirms government’s commitment to working closely with global lender to ensure successful completion of Standby Arrangement
Interim premier says his government is fully prepared for IMF review and hopes to successfully conclude talks on second tranche
FBR Collection in First Quarter Higher than Target set by IMF: Akhtar
by Staff Reportby Staff ReportInterim finance minister claims economic indicators improving with inflation declining downward, rupee appreciating against U.S. dollar
Interim minister defends tariff increase, saying it will ensure circular debt no longer increases
Fixed monthly charges increased for all slabs, including protected consumers, in a bid to curtail circular debt
Global lender downgrades country’s inflation projection from 25.9% to 23.5% for the ongoing fiscal year
In meeting with Chinese ambassador, interim finance minister appreciates ‘time-tested’ ties between neighboring countries
Kristalina Georgieva describes meeting with interim prime minister on sidelines of UNGA as ‘very good’