Ms. Nargis Sethi appointed as chairperson pay, pension commission

ISLAMABAD: The government has appointed M.s Nargis Sethi as chairperson of the pay and pension commission with immediate effect. A notification issued dated October 15, 2020 by the Finance Division stated that... Read more »

Tax to GDP ratio slips to 11.4 percent in FY20

ISLAMABAD: Tax to GDP ratio has slipped to 11.4 percent in fiscal year FY20 (2019/2020) when compared with 11.6 percent in the preceding fiscal year, according to statistics released by the finance... Read more »

Suitable increase in salaries to be proposed in upcoming budget: finance ministry

ISLAMABAD: The government to propose suitable increase in salaries of government employees in the upcoming budget 2020/2021, said a statement issued by the Finance Division on Thursday. Read more »

Govt plans issuance of Eurobond, Sukuk in international capital markets; intends to hire consortia

ISLAMABAD: The government has planned to set up a Medium Term Note (MTN) Program for issuance of US Dollar denominated Eurobonds and Sukuk in the international capital markets. Read more »

Fiscal deficit balloons to record 8.9 percent in 2018/2019

KARACHI: The fiscal deficit of the country has increased to record level of 8.9 percent in fiscal year 2018/2019, according to statistics released by the federal finance ministry on Tuesday. Read more »

Budget deficit swells to 5 percent in nine months, higher than fiscal year target

ISLAMABAD: The country’s budget deficit soared to 5 percent in the first nine months of current fiscal year, which is already higher than the full year target of 4.9 percent. Read more »

Meeting reviews progress on FATF Action Plan

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs on Monday chaired a meeting to review progress on Financial Action Task Force (FATF) Action Plan. Read more »

IMF team to visit Pakistan April 29

ISLAMABAD: A team of International Monetary Fund (IMF) will visit Pakistan starting April 29, 2019 to continue technical discussions for IMF supported program, spokesman of ministry of finance said on Friday. Read more »