By Staff Reporter
ISLAMABAD: Minister for Finance Miftah Ismail on Thursday said the government imposed the petroleum levy in the range of Rs5-10 per liter on petroleum to thaw the frozen IMF funding to avoid failing on international obligations.
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Thursday shelved new disbursements under Mera Pakistan Mera Ghar (MPMG) scheme till August 31, 2022 and Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) for next 15 days in an attempt to narrow the budget deficit to meet IMF bailout goals.
By Staff Reporter
ISLAMABAD: The exporting sector’s gas supply has been choked for the second time within a month, which industry officials say disrupts production cycle of textiles, causing delays in delivering international orders, thus slowing down inflows of export proceeds.
By Staff Reporter
ISLAMABAD: The government on Thursday imposed part of the Petroleum Levy on fuels, driving the prices of petroleum products up by Rs15-18, to the utter dismay of the inflation-gutted consumers.
By Staff Reporter
ISLAMABAD: Ministry of Finance said on Wednesday persistently high inflation will haunt economic growth next year, while the interest rates would rise faster than assumed so far.
By Staff Reporter
ISLAMABAD: Being the citizens of Pakistan, police personnels, are also entitled to constitutional guarantees including the ‘inviolability of dignity of man’, Islamabad’s top cop said on Wednesday.
By staff Reporter
ISLAMABAD: The amended Finance Bill 2022, or the federal budget for the fiscal year 2022-23, cruised through the National Assembly on Wednesday, along with additional measures like Rs50/liter petroleum levy, higher taxation for the salaried class, and a 10 percent super tax for the tax year 2022 and onwards.
By Staff Reporter
KARACHI: Yields on short term papers inched on Wednesday as the government borrowed a massive Rs1.742 trillion from the market to pay off part of massive circular debt in the energy sector.
By Staff Reporter
KARACHI: Pakistan’s current account deficit yawned by 131 percent month-on-month (MoM) in May, as overseas workers’ remittances and exports decreased, outpacing a downtick in imports, the central bank data showed on Tuesday.
By Staff reporter
ISLAMABAD: Inflows of dollars in the form of loans/grants shrank 27 percent to $505 million in May 2022 from $699 million in the same month last year, data showed on Tuesday, creditable to the IMF’s freezing of its loan programme.
