In a move aimed at providing relief to the lower income segment of society, Pakistan announced a significant increase in the minimum wage, raising it to Rs 37,000 per month.
Islamabad, April 30, 2024 – According to the Ministry of Finance’s Economic Update and Outlook for April, released this Tuesday, Pakistan’s national economy is set for a strong recovery, evidenced by encouraging macroeconomic indicators that signal sustained progress and development in the coming fiscal year.
Islamabad, March 23, 2024 – Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, revealed intentions to explore Chinese investment avenues by considering the sale of Panda bonds worth up to $300 million, marking the country’s debut in the Chinese bond market.
In a significant move towards fiscal transparency and governance, Pakistan is gearing up to present its federal budget for the fiscal year 2024-25 in the first week of June.
Karachi, January 11, 2024 – In a significant development, the Executive Board of the International Monetary Fund (IMF) has granted approval for an immediate disbursement of $700 million to Pakistan.
In a recent announcement, the Pakistani government has decided to disburse the salary and pension payments for government employees ahead of Eid-ul-Fitr this month.
ISLAMABAD: The government has scheduled the presentation of the budget for fiscal year 2022/2023 in the first week of June 2022, the finance ministry said on Thursday. The finance ministry issued budget call circular 2022/2023. According to the circular, after completion of all budget documents and summaries by end of May 2022, the budget will […]
ISLAMABAD: The finance ministry has estimated that the tax collection to reach Rs5.83 trillion during current fiscal year 2021/2022 (FY22). In its monthly economic update – August 2021, the finance ministry said that in FY2021, tax revenue increased by 18.4 percent, whereas in July FY2022, tax collection climbed up by 42.5 percent, indicating a good […]
KARACHI – Pakistan’s fiscal performance for the fiscal year 2020/2021 has shown encouraging signs as the budget deficit has reduced to 7.1 percent of the GDP compared to 8.1 percent in the preceding fiscal year.
ISLAMABAD: The finance ministry is hopeful of achieving annual fiscal targets as half year (July – December) 2020/2021 fiscal position indicates that it will remain on track in the remaining half. The ministry of finance on Monday issued Mid-year Budget Review Report for Fiscal Year 2020/2021. The finance division said that the fiscal consolidation measures […]