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ISLAMABAD: The federal cabinet on Tuesday approved the Finance Supplementary Bill 2023 allowing increase in general sales tax to 18 per cent and additional taxes on luxury items as part of the reforms related to the International Monetary Fund’s Ninth Review.
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In order to comply with IMF conditions, Pakistan government will present a supplementary finance bill or mini budget before the parliament (today) on February 15, 2023 for the approval.
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KARACHI: Fitch Ratings on Tuesday downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘, from ‘CCC+’.
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Pakistan on Monday approved massive increase in natural gas prices ahead of final round of talks with the International Monetary Fund (IMF).
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ISLAMABAD: The government will present a mini budget in coming days before the parliament for approval to comply with generating additional tax revenue.
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KARACHI: Pakistan’s central bank official foreign exchange reserves have depleted below $3 billion, falling about nine years low.
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Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.
(more…)KARACHI: The foreign exchange reserves of State Bank of Pakistan (SBP) dropped to dangerous level of $3.089 billion, according to official data released on Thursday.
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KARACHI: Trade deficit of Pakistan narrowed by 32 per cent during first seven months of the current fiscal year 7MFY23, according to official data released on Thursday.
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ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 27.6 per cent in January 2023, said Pakistan Bureau of Statistics (PBS) on Wednesday.
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