SBP maintains policy rates unchanged at 5.75%
KARACHI: The State Bank of Pakistan (SBP) decided to maintain the policy rate unchanged at 5.75 per cent in new monetary policy announced for next two months. “Pakistan economy posted…
Additional tax burdens in budget to increase cost of doing business: OICCI
KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) have complimented the Finance Minister Ishaq Dar for announcing bold measures to boost agriculture growth, and exports and in extending…
PSX taxation recommendations will increase government’s revenues
KARACHI: The Pakistan Stock Exchange (PSX) has urged the government to consider its proposals for federal budget 2016-17 as these would increase investment in the country with no impact on…
Central bank reproaches FBR’s dependence on regressive taxation
KARACHI: The central bank has highlighted Federal Board of Revenue (FBR) dependence on regressive taxation to meet targets, and advocates broadening of base through documentation of economy. Regressive tax is…
Improvements in some of the macroeconomic indicators observed, says central bank
KARACHI: State Bank of Pakistan (SBP) has released its Second Quarterly Report for FY16 on the state of Pakistan’s Economy. According to the Report, improvements in some of the macroeconomic…
Ishaq Dar presents Federal Budget 2015-16 envisaging GDP growth of 5.5 percent
KARACHI: The federal cabinet on Friday approved the budget for the fiscal year 2015-16 (FY2015-16), with a total outlay of Rs4.313 trillion, which is 9.1 per cent higher than the…
GDP growth hits six years high, Dar unveils economic survey 2013/2014
ISLAMABAD: Federal Finance Minister Muhammad Ishaq Dar on Monday launched the Pakistan Economic Survey 2013-2014 revealing that the country’s economic growth stood at 4.1 percent, which is six years high.…