Payment for clearance of imported vehicles facilitated

KARACHI: Imported vehicles can be cleared at customs stage by paying duty and taxes through foreign remittances received in the account of family members of sender. Read more »

Government borrows Rs3.2 trillion from SBP in 10 months: Economic Survey

ISLAMABAD: The government has borrowed Rs3.2 trillion from State Bank of Pakistan (SBP) for budget financing during first ten months of current fiscal year, Economic Survey of Pakistan revealed. The survey released... Read more »

Share of indirect taxes increases to 60.9 percent: Economic Survey

ISLAMABAD: Despite claims of authorities to increase the share of direct taxes in total revenue, the share of indirect taxes further increased to 60.9 percent in 2018/2019. Read more »

PIA implements business plan to improve financial health

ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has implemented strategic business plan to improve its financial health, according to Economic Survey 2018/2019 launched a day earlier. Read more »

FBR to force all NTN holders for filing tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has chalked out a comprehensive plan to broaden the tax base by enforcing tax returns in the case of all National Tax Number (NTN) holders. Read more »

National Savings to issue registered prize bonds in all denominations

ISLAMABAD: The Central Directorate of National Savings (CDNS) to issue scripless registered prize bonds amongst all denominations with objective to document the economy. Read more »

Economic Survey 2018/2019: SBP increases policy rate by 650bps in past 18 months

ISLAMABAD: State Bank of Pakistan (SBP) enhanced policy rate by 650 basis points during last 18 months (January 2018 to date) for macroeconomic stabilization. Read more »

LSM growth exhibits massive decline on lower PSDP spending

ISLAMABAD: The Large-Scale Manufacturing (LSM) declined by 2.93 percent during July-March 2018/2019 in contrast to growth of 6.33 percent during the same period last year. The target for this year was 8.1... Read more »

Agriculture posts meager 0.85 percent growth on reduction in cultivation area

ISLAMABAD: The agriculture has posted meagre 0.85 percent growth in 2018/2019 against the target of 3.8 percent, said Economic Survey 2018/2019 on Monday. Read more »

Exemptions, concessions cost Rs972.4 billion in 2018/2019

ISLAMABAD: The economy has incurred duty and tax losses to the tune of Rs972.4 billion due to exemptions and concessions during the fiscal year 2018/2019, according to Economic Survey 2018/2019 launched on... Read more »