Islamabad, June 5, 2023 – The Economic Coordination Committee (ECC) of the Cabinet granted its approval on Monday for a government guarantee amounting to Rs9.2 billion towards the construction of the Hyderabad-Sukkur motorway.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan Updates Petroleum Prices Ahead of Federal Budget 2023-24
Islamabad, Pakistan – Pakistan has announced updated petroleum prices ahead of the highly anticipated federal budget for the fiscal year 2023-24, scheduled to be announced on June 9, 2023.
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Pakistan, Turkey Set to Increase Bilateral Trade to $5 Billion
Islamabad, June 4, 2023 – Prime Minister Muhammad Shehbaz Sharif has said that Pakistan and Turkey are set to increase their bilateral trade to $5 billion annually over the next three years.
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Petroleum Prices Surge by 45%, Driving Inflation in Pakistan
Karachi, June 2, 2023 – Petroleum prices in Pakistan have experienced a significant increase of 45% on a year-on-year basis, contributing to a rise in inflation, according to official statistics released on Friday by the Pakistan Bureau of Statistics (PBS).
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Pakistan opens portal for student registration under PM Laptop Scheme
The Prime Minister of Pakistan has announced the launch of the Prime Minister’s Laptop Scheme (Phase-III), which aims to provide high-quality laptops to talented students in public sector universities and higher education institutions across the country.
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PM Sharif Directs Strict Measures to Combat Illegal Sale of Cigarettes
Prime Minister Shehbaz Sharif, during a meeting with a delegation from the Pakistan Tobacco Company, emphasized the immediate need to address the issue of illegal sales of cigarettes and tobacco products.
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FBR Falls Short of Tax Collection Target for May 2023
The Federal Board of Revenue (FBR) in Pakistan faced a setback in May 2023 as it failed to meet the tax collection target by Rs49 billion. Despite achieving growth in certain areas, a combination of reduced imports, a sluggish economy, and revised GDP growth rates posed challenges for the FBR.
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Pakistan’s Headline Inflation Soars to All-Time High of 38% in May 2023
Pakistan witnessed a significant surge in headline inflation as the Consumer Price Index (CPI) reached an unprecedented all-time high of 38% in May 2023.
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Pakistan Slashes Petroleum Prices for First Half of June 2023
Pakistan has announced a significant reduction in petroleum prices for the first half of June 2023. The decision was made by Finance Minister Muhammad Ishaq Dar and will come into effect on June 1 and remain in place until June 15.
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Commission Recommends Eliminating Principal Appraiser Post in Pakistan Customs
The Reform and Revenue Mobilization Commission (RRMC) in Pakistan has recently conducted an assessment and determined that the post of principal appraiser in Pakistan Customs serves no practical purpose.
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