Security Papers Limited (SPL) has announced plans to modernize its paper manufacturing plant to meet the State Bank of Pakistan's requirements for a new series of banknotes with advanced security features that align with international standards.
According to a notice filed with the Read More...
The Pakistan Tobacco Board has formally appealed to Finance Minister Senator Muhammad Aurangzeb to reconsider the federal cabinet’s decision to dissolve the board and transfer its responsibilities to provincial authorities.
In a letter to the Finance Minister, officials from the Pakistan Read More...
Pakistan has refused the International Monetary Fund's proposal to introduce a mini-budget to address the revenue shortfall of Rs386 billion recorded during the first half of the fiscal year 2024-25. Prime Minister Shehbaz Sharif instructed the Federal Board of Revenue to address this deficit Read More...
Federal Minister for Finance and Revenue Muhammad Aurangzeb informed the National Assembly that Pakistan’s total debt amounted to seventy-one point three trillion rupees as of June twenty twenty-four, representing sixty-seven point four percent of the GDP. This includes external debt of Read More...
The Federal Tax Ombudsman handled thirteen thousand five hundred complaints from taxpayers in twenty twenty-four, with only three hundred and thirty-six of these being contested by the Federal Board of Revenue before the President of Pakistan.
Dr Asif Mahmood Jah, the Federal Tax Read More...
Pakistan’s trade deficit rose by thirty-seven percent year-on-year in December twenty twenty-four to two point five billion dollars, marking the highest monthly deficit since April twenty twenty-four. This increase was driven by a significant rise in imports, which reached five point four Read More...
Pakistan’s oil import bill grew marginally by one percent year-on-year during the first half of the current fiscal year, reaching eight point zero eight billion dollars, as reported by the Pakistan Bureau of Statistics.
Crude oil imports rose by three point zero three percent in value and Read More...
The World Bank has raised concerns about significant risks associated with its twenty billion dollar Country Partnership Framework for Pakistan, which spans the next decade. The framework aims to support long-term development but faces challenges from political uncertainty, governance issues, Read More...
The US sanctions on Iran have had a devastating impact on Pakistani exports to the neighboring country, with exports dwindling to a mere $20,000 in the last fiscal year. This significant decline is largely attributed to the unavailability of banking channels, which has posed a major hurdle for Read More...
The State Bank of Pakistan’s Monetary Policy Committee (MPC) will convene on Monday, January 27, 2025, to deliberate on the country’s monetary policy. The central bank confirmed that SBP Governor Jameel Ahmad will announce the committee’s decision in a press conference following the Read More...
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