Asset rich Pakistan can survive without IMF support: Ishaq Dar
Minister for Finance and Revenue Senator Mohammad Ishaq dar reiterated that Pakistan was an asset rich country and it could survive without any support from the International Monetary Fund (IMF). Briefing the Senate’s Standing Committee on Finance and Revenue, the minister stated that the annual budget had been prepared without the Fund’s consultation, whose reservations…
Adil Aziz
Long term economic policies vital for sustainable economic growth: Ashfaq Yusuf Tola
Chairman Reforms and Resource Mobilization Commission Ashfaq Yusuf Tola has said that long-term policies coupled with transparency and self-accountability were indispensable to achieve sustainable economic growth. Addressing the post-budget session organized by the Islamabad Chamber of Commerce and Industry (ICCI), he categorically dismissed the reports of economic default, adding that currently there were some challenges…
Pakistan, Azerbaijan agree to enhance trade, energy cooperation, start Baku-Islamabad flights
Pakistan and Azerbaijan agreed to enhance bilateral cooperation in the fields of energy, trade and aviation sectors to reflect the decades-old strong relationship between the two nations. The bilateral relations were discussed at length in a meeting between Prime Minister Shehbaz Sharif and Azerbaijan President Ilham Aliyev here at Zugulba Palace. The prime minister, accompanied…
PSW joins global e-commerce alliance to expand global outreach
Pakistan Single Window (PSW) has been granted the Associate Member status of the Pan-Asian E-Commerce Alliance (PAA)- an international grouping of customs and trade service providers which aims to promote and provide secure, trusted, and reliable value-added IT infrastructure and facilities for efficient global trade and logistics services. As a member of the alliance, PSW…
Chief Secretary assures to resolve issues on top priority
Chief Secretary Sindh Dr. Muhammad Sohail Rajput has assured that all important issues pertaining to hindrances being created by Sindh Food Authority, retrospective demand for Capital Value Tax on transfer of vehicles, handing over of possession to shopkeepers of Empress Markets and relocation of anti-encroachment drive affectees of Jubilee, Mairaj Market and Aladdin Park will…
FPCCI is disappointed at maintaining status quo in policy rate
President FPCCI – country’s apex body on trade & industry – has expressed his profound disappointment over maintaining status quo in key policy rate by the State Bank of Pakistan in its latest Monetary Policy Committee (MPC) meeting and keeping it unchanged at 21 percent. The country needs proactive policymaking to ward off the impending…
Wavetec Appointed as Channel Partner by NCR
Wavetec, a leading technology company, has been appointed as the Channel Partner in Pakistan of NCR, top provider of banking & self-service solutions globally. With a legacy of over three decades in delivering innovative solutions to major financial institutions worldwide, Wavetec is poised to provide best-in-class services and solutions in Pakistan through this strategic collaboration….
Hina Rabani Khar and EU Commissioner discuss matters of flood rehabilitation, food security, energy, trade & GSP+ Scheme
As part of her ongoing visit to Belgium, Minister of State for Foreign Affairs Hina Rabbani Khar has held extensive meetings with two European Union Commissioners in Brussels. The Minister of State called on the European Commissioner for Crisis Management Janez Lenarcic to follow up on discussions pertaining to EU’s flood relief activities in Pakistan….
Senate body recommends rationalizing Super tax, advance tax for non-filer
The Senate Standing Committee on Finance and Revenue recommended to reducing super tax besides rationalizing advance tax for non-filer. The committee met here under the chairmanship of Senator Saleem Mandviwalla discussed and approved several tax proposals under Finance Bill 2023. The body proposed to reduce the super tax to 7 percent from 10 percent on…
Workers’ remittances down 12.84 in July-May FY 23
The overseas workers’ remittances posted a decline of 12.84 percent during first eleven months of fiscal year 2022-23 as the remittances fell from $28.489 billion in July-May of FY22 to $24.831 billion in the period under review. On a year-on-year basis, the overseas workers’ remittances recorded an inflow of US$ 2.102 billion in May 2023,…