govt
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Govt slashes petrol price by Rs5 per litre
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[ad_1] A large number of bike owners stand in a queue at a petrol pump in Islamabad on June 7, 2022. — APP ISLAMABAD: The coalition government has slashed the price of petrol for the next fortnight, taking it to Rs267 per litre after a decrease of Rs5 per litre, Finance Minister Ishaq Dar announced…
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Govt slashes petrol price by Rs5 per litre | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar on Tuesday announced a reduction of Rs 5 per litre in the price of petrol in much-needed relief to the inflation-stricken people of the country. Announcing the new prices, Dar said that petrol price would be decreased from Rs272 to Rs267. However, despite a drop in diesel prices in the…
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Govt agrees to increase interest rate by 200bps | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has accepted another pre-condition of the International Monetary Fund (IMF) for the release of $1.1 billion critical funding – a part of $6.5 billion bailout package – as the government agreed to increase the policy (interest) rate which stands at 17% by two per cent or 200 basis point. The increase is…
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Govt offers tax relief to foreign investors | The Express Tribune
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[ad_1] KARACHI: To attract foreign investment and boost State Bank’s foreign currency reserves, the government has exempted non-resident banking companies from paying taxes on profit earned through investment in debt securities like treasury bills (T-bills) and Pakistan Investment Bonds (PIBs). The Ministry of Finance and Revenue said in a notification on Wednesday (February 22) “profit…
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Has govt stopped salary, pension payments?
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[ad_1] An undated image of a cashier counting Rs500 notes. — AFP/File The people grappling with unprecedented inflation amid the country’s consistently deteriorating balance of payments crisis — exacerbated by ongoing political uncertainty — were shocked when news reports suggested that the Ministry of Finance has instructed Accountant General Pakistan Revenues (AGPR) to cease the…
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Govt fully committed to completing IMF programme: Dar
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[ad_1] A delegation of Rothschild and Co comprising Eric Lalo, Partner and Thibaud Fourcade, Managing Director call on Finance Minister Ishaq Dar in Islamabad on February 21, 2023. — PID Finance Minister Ishaq Dar reiterated that the government was fully committed to completing the International Monetary Fund (IMF) programme and fulfilling all international obligations. He…
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Govt taking urgent steps to stabilise economy: PM Shehbaz
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[ad_1] A delegation of global financial firm Rothschild & Co called on PM Shehbaz in Islamabad on February 20, 2023. PID Prime Minister Shehbaz Sharif said that his government was taking concrete and urgent measures as part of its efforts to put the economy on track. PM Shehbaz’s resolve comes at a time when the…
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NA wraps up session sans vote on finance bill as govt struggles to please IMF
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[ad_1] Speaker Raja Pervaiz Ashraf chairs a session of the National Assembly on Friday. — Twitter/ @NAofPakistan The National Assembly (NA) wrapped up its session on Friday without a vote on the Finance (Supplementary) Bill, 2023, commonly referred to as the “mini-budget”, which brings about an increase in the general sales tax (GST) from 17%…
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Finance Bill 2023 tabled in NA as govt scrambles to secure IMF loan
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[ad_1] Finance Minister Ishaq Dar Wednesday tabled the Finance Bill 2023 — or the “mini-budget” — in the National Assembly as the government seeks to meet the preconditions for unlocking the $1.1 billion International Monetary Fund (IMF) loan. Running against time to pacify the IMF for the revival of the bailout programme, the government had…
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Govt tables ‘mini-budget’ for revival of crucial IMF funding | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar on Wednesday tabled Finance (Supplementary) Bill 2023 dubbed as “mini-budget” in the National Assembly and Senate in order to meet the conditions set by the International Monetary Fund (IMF) for the revival of the derailed $6.5 billion programme after President Arif Alvi refused to promulgate an ordinance sent by the…
