FBR achieves revenue target of Rs. 533 Billion for month of January
The Federal Board of Revenue has achieved monthly budgetary target of Rs.533 billion and surpassed it by Rs. 4 billion in month of January 2023. The FBR has shown excellent performance by surpassing the budgetary target for the month of January 2023. The Federal Board of Revenue (FBR) has demonstrated a commendable revenue collection performance…
Adil Aziz
60 Billion revenue from Tobacco Health Levy can lessen Pakistan’s financial woes; Experts
The Society for the Protection of the Rights of Child (SPARC) has stressed the importance of the pending Tobacco Health Levy Bill to ease Pakistan’s current economic crisis. According to details, Malik Imran Ahmed, Country Head, Campaign for Tobacco-Free Kids (CTFK) mentioned that the destruction caused by the tobacco induced non-communicable diseases to Pakistan’s healthcare…
Pakistan Pavilion wins “Best New Exhibitor” award at New York Travel & Adventure Show
Pakistan pavilion has won the “Best New Exhibitor Award” at New York Travel & Adventure Show 2023 for displaying the country’s tourism and culture in a remarkable way. CEO of New York Travel & Adventure Show presented the award to Pakistan Tourism Development Corporation (PTDC) Managing Director Aftab ur Rehman Rana. The two-day event was…
PSX turns around to bullish trend, gains 801 points
The 100-index of the Pakistan Stock Exchange turned around to bullish trend, gaining 801.79 points, a positive change of 2.01 percent, closing at 40,673.06 against 39,871.27 points the previous day. A total of 153,324,094 shares were traded during the day as compared to 140,465,951 shares the previous day, whereas the price of shares stood at…
NSCs, CDC sign digitization agreement
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar witnessed agreement signing ceremony of launching Pilot project of Digitization/Dematerialization of National Saving Certificates (NSCs) through Central Depository Company of Pakistan Limited (CDC). Chief Executive Officer (CEO) CDC, Badiuddin Akber and Director General CDNS, Hamid Raza signed the agreement on behalf of their respective organizations,…
Fiscal consolidation key to saving reserves, exchange-rate stability: Economic Outlook
The Finance Ministry in its latest report on state of economy released termed fiscal consolidation as the key to saving official reserves and exchange rate stability of the country. According to monthly Economic Update and Outlook for January 2023, released by the ministry, the fiscal consolidation may temporarily be costly in terms of growth prospects…
Barrick Gold Corporation makes initial payment of $3 million to Balochistan
Barrick Gold Corporation has made the first payment of US$3 million (approximately 750 million Pakistani rupees) to the government of Balochistan as part of Reko Diq Partneship. Reko Diq Pakistan Country Manager Ali E. Rind handed over the cheque for $3 million to Secretary, Mines and Minerals Development Department, Saidal Khan Luni. As per the…
IMF-Pakistan discuss fiscal policies to accomplish 9th review
Finance Minister, Senator Mohammad Ishaq Dar briefed the mission on fiscal and economic reforms and measures being taken by the government in different sectors including bridging the fiscal gap, exchange rate stability and in energy sector for the betterment of the economy The International Monetary Fund (IMF) and Pakistan discussed and reviwed the economic and fiscal…
SECP for effective implementation of Motor Third Party Liability Insurance
The Securities and Exchange Commission of Pakistan (SECP) has formed a working group to explore the possibilities and mechanism for effective implementation of “Motor Third Party Liability (TPL) Insurance” in the country. The group, comprises industry experts, representatives of Insurance Association of Pakistan (IAP) and SECP officials, will formulate a detailed proposal for effective implementation…
Emirates operates milestone demonstration flight powered with 100% Sustainable Aviation Fuel
Conducted in partnership with GE Aerospace, Boeing, Honeywell, Neste and Virent First demonstration flight in Middle East and North Africa to be powered by 100% SAF in one of two engines Emirates has operated its first milestone demonstration flight on a Boeing 777-300ER, powering one of its engines with 100% Sustainable Aviation Fuel (SAF). The…