According to details, the new hybrid buses will be deployed on various routes in Lahore to support metropolitan tourism. The initiative includes plans to expand the service, with one bus each being added to Bahawalpur and Rawalpindi. Additionally, double-decker bus services will be launched in Multan and Faisalabad to further promote tourism. In Lahore, three […]
According to an official statement of the IMF, the fund noted that Pakistan’s economic growth rate has reached 2.4. However, the country still faces major challenges, including a difficult business environment, weak governance, and a limited tax base. According to the statement, Pakistan has implemented continuous policies under the Stand-By Arrangement over the past year, […]
Speaking to newsmen after the IMF Executive Board meeting, Kristalina Georgieva congratulated the government and people of Pakistan She also praised the country’s economic situation, citing significant reforms and improved growth. The IMF Managing Director said that Pakistan has made reforms and the country’s economy has improved. She said that Pakistan presented its reform program […]
The cutlery exports from the country were recorded at US $10.308 million during July-August (2024-25) against the exports of US $9.485 million during July-August (2023-24), according to the Pakistan Bureau of Statistics (PBS). Meanwhile, year-on-year basis, the exports of cutlery witnessed an increase of 18.43 percent during August 2024 as compared to the same month […]
The overall exports to the US were recorded at US $949.855 million during July-August (2024-25) against exports of US $934.666 billion during July-August (2023-24), SBP data revealed. On a year-to-year basis, the exports to the US decreased to $473.838 million in August 2024 against the export of $494.774 million in August 2023. Meanwhile, on a […]
According to details, the crackdown will target individuals conducting business under benami (undisclosed ownership) or fake names. According to FBR officials, third-party data collection methods will be employed to gather information on unregistered businesses. Current FBR records reveal that only 300,000 manufacturers are registered for sales tax in Pakistan. After October 1, FBR plans to […]
In an update to its Asian Development Outlook, ADB said that the inflation rate has dropped in the country to a minimum level in two years, which is expected to go further down. The growth rate of Pakistan is likely to remain at 2.8 percent in the ongoing year, ADB predicted. The growth rate was […]
Chairman of All Pakistan Textile Mills Association (APTMA), Asif Inam, has said that the most expensive electricity is being provided to mills in the country. Chairman APTMA has said that the corporate tax in Pakistan has risen to double in comparison to neighboring India. He said the cement factories are being run at 10 to […]
According to the Fund’s Executive Board’s calendar on its website, the Board would consider “Pakistan – 2024 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility”. Finance Minister Muhammad Aurangzeb said the IMF board is likely to approve the program during today’s meeting. The finance minister expressed optimism, stating that […]
According to details, owners of four independent power producers (IPPs) set up under the 1994 policy and another, established under the 2002 policy, have been warned of consequences if they don’t terminate the power purchase agreements (PPAs) voluntarily, the sources said. The task force has asked the owners of the IPPs to end capacity charges […]
