Visa targets ten-fold increase in digital payment acceptance across Pakistan | The Express Tribune
KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances […]
Pakistan sees 71% surge in tax filers as FBR surpasses collection targets | The Express Tribune
The Federal Board of Revenue (FBR) has reported a significant 71% increase in the number of tax return filers for the fiscal year 2023 (FY23), with an additional 2.2 million people filing, bringing the total to 5.3 million. The deadline for filing income tax returns for FY24 has been set for September 30, 2024. In FY23, […]
Exploration firm targets major fields | The Express Tribune
ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the largest hydrocarbon explorer in Pakistan, has targeted 20 major fields, mainly in the north and south, to enhance production and contribute to overcoming the energy crisis in the country. Owing to the rising demand for gas, Pakistan is relying more on the imported liquefied natural gas […]
Pakistan ‘meets all targets’ ahead of IMF second review of $1.1bn tranche
The International Monetary Fund’s (IMF) building in Washington, United States. — AFP/File Ahead of the International Monetary Fund (IMF) mission’s visit to Pakistan from March 14 to 18, the finance ministry announced that it met all targets for successful completion of the programme. “Pakistan has met all Structural Benchmarks, Qualitative Performance Criteria and Indicative Targets […]
IMF urges Pakistan to strictly implement targets as agreed
An International Monetary Fund official speaks during an interview with AFP at the IMF headquarters in Washington, DC, on July 26, 2022. — AFP ISLAMABAD: Pakistan has been informed by the International Monetary Fund (IMF) that it needs to meet the targets set with the global lender under the $3 billion Stand By Agreement, sources […]
SBP governor assures global investors of meeting IMF targets
SBP Governor Jameel Ahmad addressing a press conference in this undated picture. — AFP/File State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday informed global investors that Pakistan was “on track” to address the longstanding structural weaknesses, adding that the country is “very comfortably” placed to meet the targets set by the International Monetary […]
Pakistan falls short of all economic targets as floods and politics weigh, reveals Economic Survey FY23
Finance Minister Ishaq Dar addressing the press conference after unveiling the Pakistan Economic Survey Pakistan’s GDP growth rate came to a crawl in the ongoing fiscal year — one of the worst in terms of meeting annual macroeconomic targets — dragged down by agitational politics, cataclysmic floods, trade barriers, and a dangling International Monetary Fund […]
Govt targets exporting manpower | The Express Tribune
ISLAMABAD: Federal Minister for Overseas Pakistanis and Human Resource Development (OP & HRD) Sajid Hussain Turi on Tuesday said that the government is working to allocate a quota to Overseas Employment Promoters (OEPs) in order to increase manpower exports with a target of one million exports of manpower this year. Addressing the Islamabad Chamber of […]
Savings, investment targets missed | The Express Tribune
ISLAMABAD: Investments and savings as a percentage of the size of Pakistan’s economy have remained below the official targets in the outgoing fiscal year, affirming that the 6% economic growth rate was fed by imports and consumption. Like its predecessor, the government of former prime minister Imran Khan could not resolve the two chronic issues […]
EU likely to revisit renewable targets | The Express Tribune
CAIRO: The European Union may set more ambitious targets for its transition to renewable energy as it seeks alternatives to imports of oil and gas from Russia, EU climate policy chief Frans Timmermans said on Sunday. The EU’s 27 member states have agreed to collectively reduce their net greenhouse gas emissions by 55% from 1990 […]