Pakistan Revenue
ISLAMABAD: After the COVID-19 outbreak, the State Bank of Pakistan (SBP) proactively reduced the policy rate by a cumulative 625 basis points (bps) from 13.25 percent to 7.0 percent, within almost 3 months between March and June 2020, said Economic Survey of Pakistan released on Thursday. The target of monetary policy was shifted towards supporting […]
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ISLAMABAD: The fiscal sector has witnessed significant challenges due to additional expenditures made to lessen the negative impact of COVID-19, according to Economic Survey of Pakistan released on Thursday. It said that the government’s fiscal consolidation efforts provided significant support in maintaining fiscal discipline, increasing revenues and controlling expenditures, thus the fiscal sector continued to […]
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ISLAMABAD: The agriculture sector has almost achieve growth target of 2.8 percent for the fiscal year 2020/2021, according to Economic Survey of Pakistan released on Thursday. The agriculture sector’s performance during 2020-21 broadly stands encouraging as it grows by 2.77 percent against the target of 2.8 percent. The growth of important crops (wheat, rice, sugarcane, […]
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ISLAMABAD: Pakistan has surpassed GDP growth target of 2.1 percent and achieved 3.94 percent for fiscal year 2020/2021 despite strict fiscal constraints in the wake of COVID-19. The Economic Survey of Pakistan released on Thursday stated that the economy of Pakistan rebounded strongly in FY2021 and posted growth of 3.94 percent which is not only […]
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ISLAMABAD: Federal Board of Revenue (FBR) has directed tax offices to dispose all pending refund claims by July 31, 2021. The FBR also facilitated exporters by enhancing risk parameters for release of sales tax refunds. In a letter to all chief commissioners of Inland Revenue, the FBR said that it had been decided to enhance […]
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KARACHI: State Bank of Pakistan (SBP) on Thursday issued Rs70 coin to commemorate the diplomatic relationship between Pakistan and China that were established on May 21, 1951. To mark the occasion of 70th anniversary of Pakistan-China Diplomatic relations, the government of Pakistan decided to issue a commemorative coin of Rs.70. The SBP launched the commemorative […]
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ISLAMABAD: Pakistan has achieved GDP growth of 3.94 percent during outgoing fiscal year 2020/2021 owing to prudent policies adopted by the government amid hostile Covid-19 situation, which had hit hard the world economies, Finance Minister Shaukat Tarin said on Thursday while launching Economic Survey of Pakistan. The minister said that there were 2.1 percent growth […]
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The Pakistani stock market saw a significant surge on Thursday, gaining 474 points after positive comments from the Finance Minister during the disclosure of the Economic Survey of Pakistan for the outgoing fiscal year.
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KARACHI – On Thursday, the Pakistani Rupee faced a decline of 23 paisas against the US Dollar, closing at Rs155.92 in the interbank foreign exchange market.
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KARACHI: The inflow of workers’ remittances continued their exceptional streak in May 2021, remaining above $2 billion for a record 12th straight month, State Bank of Pakistan (SBP) said on Thursday. Remittances received during May 2021 amounted to US $ 2.5 billion, 33.5 percent higher than the same month last year. These were also higher than […]
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