Banking sector’s Net Domestic Assets grew by Rs 4.098 trillion in Jul-May FY 23
Net Domestic Assets (NDA) of the banking sector increased by Rs 4,098.6 billion during the period 1st July-12th May FY 2023 as compared to Rs 2,889.1 billion during same period last year. According to the Economic Survey 2022-23 launched by Finance Minister Ishaq Dar here on Thursday, broad money increased to Rs 2,026.3 billion (growth…
Adil Aziz
FPCCI stresses looking into alternatives and cut in policy rate for containing inflation
The Policy Advisory Board of FPCCI strongly urges that inflation is cost-pushed and policy rates have proved to be an ineffective tool to control inflation. In any case, the core inflation is still lower than the policy rates and a 100 basis points (bps) reduction in the policy rate is proposed in the upcoming monetary…
Around Rs14 trillion national budget to be presented Today: Ishaq Dar
The incumbent coalition government is all set to present the federal budget for the fiscal year 2023-24, with an estimated outlay of around Rs14 trillion, on June 09 (Friday). The budget for fiscal year 2023-24 would be presented before the National Assembly by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar. The budget…
PM approves “revolutionary program” for uplift of youth, farmers, women in budget 2023-24
Prime Minister Shehbaz Sharif approved the inclusion of a “revolutionary program” in the upcoming budget 2023-24 for the uplift of youth, women and farmers. As per the prime minister’s directives, the funds have been allocated in the upcoming budget for projects on welfare of youth and women as well as for agriculture wells. According to…
Agriculture sector grew 1.55% in 2022-23: Economic Survey
The agriculture sector in the country recorded about 1.55% growth during 2022-23 as against the growth of 4.27 percent of the same period last year. According to the Economic Survey of Pakistan 2022-23 launched here Thursday, the contribution of important crops recorded at 18.23 percent to value addition in agriculture sector and 4.18 percent to…
Significant growth witnessed in Tax, IT, agriculture sectors
Despite severe financial constraints and multiple challenges, the incumbent government achieved significant progress in different sectors during the first 11 months of the current fiscal year, laying a foundation to turn around the national economy in the coming days. According to the Pakistan Economic Survey 2022-23, launched by Minister for Finance Senator Mohammad Ishaq Dar,…
Cooperative Market delegation seeks KCCI’s assistance in dealing with lackluster business activities
Govt must come up with effective plan in budget to bring down inflation Members of a delegation from Saddar Cooperative Market sought Karachi Chamber’s assistance in dealing with the lackluster business activities at commercial markets where sales have gone drastically down to the lowest level and meager number of customers arrive for shopping mainly due…
Easypaisa secures four Effies at Effie Awards, 2023
Pakistan’s leading digital financial services platform Easypaisa has solidified its position as one of the country’s most prominent brands, securing four Effies at the recently held prestigious Effie Awards, 2023. Out of the seven nominations, Easypaisa emerged victorious in four categories, reaffirming its leadership in financial services and marketing effectiveness. These accolades, including one gold,…
Govt set to present business, people-friendly budget on Friday
The incumbent coalition government is all set to present its first pro-people, business-friendly and progressive budget for the fiscal year 2023-24 in the Parliament on June 9 (Friday). The budget will be presented by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar. The budget had been formulated while considering the existing challenges being…
Govt to unveil Economic Survey 2022-23 on Today
The pre-budget document, Economic Survey of Pakistan 2022-23, containing the details of major socio-economic achievements during the outgoing fiscal year 2022-23, will be launched on Today. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar will chair the launching ceremony of the pre-budget document. The Economic Survey will provide details about the major socio-economic…