Low property values causing huge tax losses in Pakistan

KARACHI: A large sum of tax revenue has been lost due to unrealistic declaration of property values at the time of transaction. Read more »

Prime Minister, World Bank CEO discuss economic, fiscal situation

ISLAMABAD: Prime Minister Imran Khan on Friday met Ms. Kristalina Georgieva, Chief Executive Officer (CEO) of the World Bank discussed economic and fiscal situation on the sidelines of the second Belt and... Read more »

Hafeez Shaikh, Illangovan discuss World Bank funded projects

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs and the World Bank Country Director Patchamuthu Illangovan met on Monday to discuss ongoing projects funded by... Read more »

Higher duties create anti-export bias: World Bank highlights constraints to Pakistan’s exporters

KARACHI: World Bank has identified three main constraints that are directly affecting Pakistan exporters. These are the anti-export bias of its trade policy, the inadequate export promotion infrastructure, and an ambiguous regulatory... Read more »

World Bank projects Pakistan’s growth to decelerate in FY19, FY20

KARACHI: World Bank has projected lower GDP growth for Pakistan during two fiscal years i.e. 2018/2019 and 2019/2020 to 3.4 percent and 2.7 percent, respectively. Read more »

World Bank advises Pakistan for urgent water reforms to get economic, social benefits

ISLAMABAD: The World Bank has advised Pakistan for urged reforms to improve water use efficiency and service delivery to get more economic, social and environmental benefits from its water, subject to urgent... Read more »