Govt urged to revisit numerous budgetary measures
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI), while identifying several anomalies in the Federal Budget 2024, highlighted that the Budget appears to have been prepared in the standard…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI), while identifying several anomalies in the Federal Budget 2024, highlighted that the Budget appears to have been prepared in the standard…
KARACHI: Contrary to expectations of change in treatment of income from capital gain and dividends to normal tax, affecting net returns of the investors; we believe the budget FY25 is…
KARACHI: The federal government lead by Pakistan Muslim League (N) laid a budget of 18.88 trillion Rupees with a deficit of Rupees 9 trillion almost half of the total budget.…
Pakistan’s macroeconomic conditions improved during H1-FY24, according to the State of Pakistan’s Economy Report for H1-FY24 released today by the State Bank of Pakistan (SBP). The Report contains the analysis…
ISLAMABAD: Ms. Esther Pérez Ruiz, the IMF Resident Representative in Pakistan, visited the Competition Commission of Pakistan (CCP) and met with Dr. Kabir Ahmed Sidhu, Chairman CCP, to discuss matters…
KARACHI: International Monetary Fund (IMF) has announced the successful completion of the second and final review under the Stand-By Arrangement (SBA) with Pakistan, signaling the readiness for a new phase…
ISLAMABAD: The Cabinet Division of the Government of Pakistan has filed a reply in the Islamabad High Court (IHC) against a petition filed by the Inland Revenue Service (IRS) challenging…
1. At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The decision does take into account the impact of the recent…
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the sidelines…
Karachi: Majority of Pakistan’s businesses are “not hopeful at all” about the ability of caretaker Prime Minister Anwaar-ul-Haq Kakar to save the country from a potential default on its international…
Karachi: Malik Khuda Bakhsh, an expert of petroleum and gas industry and United Business Group (UBG) has said that in the current economic conditions of the country, after the resignation…
The total liquid foreign reserves held by the country stood at US$ 14,065.3 million as of 14-Jul-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
IMF has released its Country Report on Pakistan after the Executive Board approved a 9-month Stand-By Arrangement (SBA) of US$3bn for Pakistan. Of this amount, US$1.2bn has already been disbursed,…
KARACHI; In the statement after its meeting held on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the objective of price…
KARACHI: In an effort to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on…
KARACHI: The State Bank of Pakistan (SBP) on Friday announced withdrawal of all restrictions on imports to facilitate the industrial sector. In December last year, the SBP asked banks to…
Karachi (PR): President FPCCI – country’s apex body on trade & industry – has expressed his profound disappointment over maintaining status quo in key policy rate by the State Bank…
FEDERAL BUDGET PROPOSALS 2023-24: KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions were needed to avoid further downslide of economy while the decision-makers…
According to Ministry of Finance, the UAE has provided assurance that it will provide additional deposit of US$1bn to Pakistan, paving the way for Pakistan to sign a Staff Level…
Karachi (PR): Mr. Irfan Iqbal Sheikh, President FPCCI, has highlighted the glaring anomalies in the fiscal discipline; management of external account and economic growth rate; which are being observed by…