Monitoring Desk
ISLAMABAD: The Pakistan Meteorological Department (PMD) has predicted countrywide torrential rains from Monday due to a strong weather system entering the upper and central parts of the country, state-run APP reported on Sunday.
Top Stories
Tough Times Ahead: Economists warn government to ration all resources
By Staff Reporter
ISLAMABAD: The federal budget 2022-23 comes at a time when the country’s foreign exchange reserves are depleting, credit ratings are down, and the pressure on the out-of-options government to get a new lease on the IMF loan is increasing exponentially, economists said on Saturday.
HYDERABAD:: Dryness seen in the downstream of River Indus near Railway Bridge Kotri. ONLINE PHOTO
Climate Change: Water-stressed Sindh could go dry before rest of Pakistan
By Staff Reporter
ISLAMABAD: Being at the tail end of River Indus, Sindh has been grossly impacted by water shortage, a minister said on Saturday, amid adverse impacts of climate change.
Breakthrough Expected: Pakistan in last-ditch talks to cut a deal with IMF
By Staff Reporter
ISLAMABAD: In a last-ditch bid to iron out differences over budgetary numbers, Pakistan and IMF officials butted heads through Friday evening to reach a middle-ground amid expectations of a “breakthrough” within next 72 hours.
Pakistan ‘one step away’ from exiting FATF grey list
By our correspondent
ISLAMABAD: Pakistan is just ‘one step away’ from being removed from the grey list of the FATF — the international watchdog monitoring money laundering, terror financing, and other threats to global financial networks, after the had substantially completed its two action plans, covering 34 items, as part of a bid to get off the list on which it has been since 2018.
Puny provincial surplus dashes budget deficit dreams
By Staff Reporter
ISLAMABAD: The government’s hopes of slashing the budget deficit by half bombed as provinces posted a meagure surplus of Rs91 billion instead of Rs800 billion for the next fiscal.
Filers Facilitation: Senate body rejects increase in advanced tax on property deals
By Staff Reporter
ISLAMABAD: The Senate Standing Committee on Finance and Revenues on Wednesday rejected the FBR’s proposal to increase advance tax on the sale and purchase of property from 1 to 2 percent for filers in the Budget 2022-23.
Book Published: Planning ministry still trying to add new projects to PSDP list
By Staff Reporter
ISLAMABAD: Despite the official book having been already published, the Ministry of Planning is still making last-ditch efforts to include around 60 development projects in the Public Sector Development Program (PSDP) for the next budget 2022-23, the IP learned on Wednesday.
Petrol hits Rs233.89/litre as Pakistan reverses fuel subsidies completely
By Staff Reporter
ISLAMABAD: Taking another ‘tough’ step closer to the elusive half of the IMF loan, the government late on Wednesday raised the petroleum products rates to the highest the country has ever seen, reversing the fuel subsidies completely.
In June? Pakistan inches nearer IMF deal
By Staff Reporter
ISLAMABAD: Pakistan’s talks with the International Monetary Fund (IMF) on $6 billion bailout deal is trudging closer to the finish line, and the south Asian country could receive the stuck-up disbursement within the current month, sources said on Wednesday.