KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday demanded the government of consultations with stakeholders on the planned mini-budget. FPCCI President Mian Nasser Hyatt Maggo in a statement expressed his deep concerns over the approach of the government for not taking the apex business, industry, and trade body of Pakistan into […]
ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Revenue, on Monday said that staff-level agreement has been finalized and IMF executive board would approve the tranche by January 12, 2022. The adviser said an agreement between Pakistan and International Monetary Funds (IMF) under Extended Fund Facility (EFF) worth $1.059 billion had been finalized. […]
ISLAMABAD: The International Monetary Fund (IMF) on Monday outlined prior actions for Pakistan for the release f $1.059 billion under Extended Fund Facility (EFF). The IMF stated that its mission led Ernesto Ramirez Rigo held virtual discussions during October 4–November 18, 2021 in the context of the sixth review of the authorities’ reform program supported […]
Miftah Ismail, Former Federal Minister for Finance, has pointed out key reasons behind the massive depreciation in Pak Rupee (PKR) against the dollar. Ismail, who is also General Secretary of PML-N Sindh, in his Tweet on Sundh pointed out a thread on the four main reasons for the recent precipitous decline in the value of […]
KARACHI: The stock market to wait for the IMF package during the next week, which is current stalled. Analysts at Arif Habib Limited said that despite noise gaining traction on the economic front, we believe there is some silver lining; 1QFY22 fiscal deficit declined by 9.2 per cent YoY whereas local production also appears under […]
KARACHI: The stock market likely to stay positive during the next week owing to expectation of IMF and Pakistan reach agreement. Whereas, current macro-economic concerns such as higher inflationary reading due to jump in petroleum prices could keep the market range-bound. Analysts at Arif Habib Limited said that the market to remain positive in the […]
KARACHI: Shaukat Tarin, Advisor to Prime Minister on Finance and Revenue, on Friday said that comprehensive economic plan is pivotal to regain Pakistan’s economic glory. “Comprehensive economic plan and political will was pivotal in order to regain country’s lost economic glory,” he said. He stated this while addressing as a chief guest at 18th Annual […]
KARACHI: The stock market is likely to stay positive during the next week as the IMF and Pakistan expected to reach an agreement. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week. With IMF and Pakistan expected to reach agreement soon, the investor sentiment is anticipated to remain […]
ISLAMABAD: The ministry of finance on Sunday rejected a news story regarding failure of talks between Pakistan and the International Monetary Fund (IMF), said there was not any deadlock with the IMF. Finance ministry spokesman Muzammil Aslam, in a statement, said that there was not truth in news about the deadlock, adding that the talks […]
Pakistan’s Federal Board of Revenue is likely to withdraw exemption and concession of general sales tax (GST) granted on many consumable items. The consumption tax may be withdrawan on the supply of goods to generate an estimated revenue of Rs334 billion, news reports suggested. The exemption of GST may be withdrawn on supplies of various […]