Indicators show further slowdown in Pakistan economy: Finance Ministry
The economic indicators released by the finance ministry have shown that the Pakistan economy has slowed down even further.
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Tag: finance ministry
Finance ministry announces salary increase, promotions of government employees
ISLAMABAD: The Finance Ministry on Wednesday announced special incentives for federal government employees in grade-01 to grade-15.
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Finance Division rebuts economic emergency report
ISLAMABAD: Finance Division on Tuesday strongly rebutted the reports regarding proposals under consideration for imposing economic emergency. According to a statement issued by the finance division, a false message on supposed economic emergency proposals has been circulating on the social media in recent days. READ MORE: Pakistan purchases 450,000 metric tons wheat from Russia The […]
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Probe initiated into tax information leaks of COAS family members
Islamabad: The Federal Finance Ministry has launched a probe into the unauthorized disclosure of tax information pertaining to the family members of General Qamar Javed Bajwa, Chief of Army Staff (COAS), a statement confirmed on Monday.
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Pakistan budget deficit widens by 43% in first quarter of 2022-2023
ISLAMABAD: Pakistan budget deficit has widened by 43 per cent in the first quarter (July – September) of current fiscal year 2022-2023, according to official data released by the ministry of finance on Friday. The budget deficit of the country was 1 per cent of the GDP during the first quarter of the current fiscal […]
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Pakistan flood rehabilitation poses challenge to fiscal consolidation
ISLAMABAD: Catastrophic flood in Pakistan has required rehabilitation and massive expenditures which will pose significant challenge for fiscal consolidation, the ministry of finance said on Sunday. In the monthly Economic Update and Outlook October 2022 released by the ministry of finance said that on the other hand, growth prospects have weakened, along with contained economic […]
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Miftah resigns as finance minister after taking tough decisions
Dr. Miftah Ismail has resigned the post of the finance minister on Sunday. Ismail has taken many tough decisions for the country’s economy during his stay since April 2022. “In a meeting with Mian Nawaz Sharif and Prime Minister Shehbaz Sharif today [Sunday September 25, 2022], I have verbally resigned as Finance Minister. I will […]
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Industry slams finance ministry for blocking letter of credit
KARACHI: The industry has strongly criticized the ministry of finance for directing banks not to open letters of credit for essential machinery, equipment and spare parts. “Pakistan’s industrial sector is gradually heading towards doldrums because of the adamant attitude of Ministries of Finance and Commerce to block banks from opening Letters of Credit or remitting […]
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Pakistan fixes amount of diyat for 2022/2023
Pakistan has fixed the amount of diyat (compensation) at Rs4.32 million for the fiscal year 2022/2023 to be the value of thirty thousand six hundred and thirty (30,630) grams of silver. The finance ministry issued a circular to declare the amount of diyat on August 26, 2022. Diyat is the financial compensation paid to the […]
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Pakistan lifts ban on import of cars, phones, luxury items
ISLAMABAD: Pakistan on Friday lifted ban on all import of luxury and non-essential items amid serious foreign exchange crisis. The ministry of commerce issued SRO 1562(I)/2022 for lifting the ban on luxury and non-essential items, including motor vehicles, mobile phones and home appliances. The government on May 19, 2022 through a circular No. 598 (I)/2022 […]
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