Imran Ali Kundi

  • ISLAMABAD -  The government has notified export package incentive for eligible textile and non-textile sectors with objective to boost tumbling exports to curtail trade deficit of the country. The Economic Coordination Committee (ECC) of the Cabinet on October 6, 2017, had approved a strategy ...

    READMORE
  • ISLAMABAD -  A parliamentary committee on Wednesday expressed reservations over divesting the shares of Habib Bank Limited (HBL) and United Bank Limited (UBL) on discounted rates and sought details from the Privatisation Commission (PC) in this regard. The Senate Standing Committee on ...

    READMORE
  • ISLAMABAD - The government has enhanced regulatory duty (RD) on 731 commodities to control the soaring imports of the country, which would increase prices of several imported goods. The enhanced RD has been imposed on around 731 items including used cars, tyres, mobile phones, electronic goods, ...

    READMORE
  • ISLAMABAD - Finance Minister Ishaq Dar on Monday ruled out the possibility of approaching the International Monetary Fund (IMF) for a fresh loan programme saying that “we have to make economy self-sustained”. “There is nothing to worry as the State Bank of Pakistan’s held ...

    READMORE
  • ISLAMABAD - Pakistan would once again tap international capital market to issue Sukuk bond within next couple of months to generate at least $1 billion to build the country’s foreign exchange reserves. “The process of issuance Sukuk bond has started already which will be completed in ...

    READMORE
  • ISLAMABAD - The demand for Finance Minister Ishaq Dar’s resignation once again echoed in the Parliament House as some members of the Senate Standing Committee on Finance asked the government to appoint a new finance minister. The committee members demanded from Prime Minister Shahid Khaqan ...

    READMORE
  • ISLAMABAD - Pakistan’s trade deficit widened to $9.01 billion during first quarter (July-September) of the ongoing fiscal year mainly due to massive growth in imports. The country’s trade imbalance was recorded at $9.01 billion during July-September of the year 2017-18 as against $7 ...

    READMORE
  • ISLAMABAD - The United Arab Emirates (UAE) is not providing a list of Pakistanis who have invested around $8 billion in Dubai’s real estate despite repeated reminders sent by the government of Pakistan.  At a huddle of the National Assembly Standing Committee on Finance and Revenue, ...

    READMORE
  • ISLAMABAD - Pakistan’s budget deficit was recorded at Rs324 billion during first quarter (July-September) of the current fiscal year as against Rs438 billion in the same period of the last year due to robust tax collections and lower expenditure. In terms of GDP, the overall deficit decreased ...

    READMORE
  • ISLAMABAD - The World Bank (WB) on Monday warned that upcoming national elections in 2018 would deteriorate Pakistan’s fiscal position that would affect debt trends and maintain debt at the current high level. “Macroeconomic risks have increased substantially during FY2017. The external ...

    READMORE
  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Friday approved a proposal to deregulate the margins on High-Speed Diesel (HSD) for the Oil Marketing Companies (OMC) and dealers under the policy of liberalisation and deregulation. Prime Minister Shahid Khaqan Abbasi ...

    READMORE
  • ISLAMABAD -  Pakistan and Vietnam on Thursday agreed to remove the trade barriers in the process of expanding trade ties between the two countries. Both the countries showed the agreement in the fourth meeting of the Joint Trade Commission held at Islamabad. The Vietnamese delegation was led ...

    READMORE
  • ISLAMABAD -  Acting President Habib Bank Limited Rizwan Haider on Wednesday said that the primary reasons for closing the HBL’s branch in New York was the bank's business with a Saudi bank. The US’s regulator had pointed out some non-compliance of standards, including Anti-Money ...

    READMORE
  • ISLAMABAD - The Senate standing committee on finance on Tuesday favoured a bill that calls for doing away with the interest-based economic system and sought recommendations from the ministry of finance on the bill. The Senate’s committee, which met under the chair of Senator Saleem ...

    READMORE
  • ISLAMABAD - The higher food commodities prices pushed the inflation rate up to 3.86 percent during September over a year ago. The inflation measured through Consumer Price Index (CPI) has recorded at 3.86 percent during September against same month of the last year, according to the latest data of ...

    READMORE
  • ISLAMABAD - Finance Minister Ishaq Dar has shown satisfaction on the provisional revenue collection figures, which stood at Rs765 billion during first quarter (July-September) of the current fiscal year. The minister has expressed confidence that the same trend shall continue and the entire team of ...

    READMORE
  • ISLAMABAD - The federal government has refused to provide details of the sixth population census to the Sindh government, which had expressed serious reservations over the provisional results of the national exercise. “The Sindh government had asked the Pakistan Bureau of Statistics (PBS) to ...

    READMORE
  • ISLAMABAD - The government on Saturday has increased the prices of petroleum products up to Rs4 per litre for the month of October, which will fuel inflation. An increase of Rs2/litre each has been decided in the prices of petrol, high speed diesel and light diesel oil for the month of October, ...

    READMORE
  • ISLAMABAD - The government on Friday extended the deadline of filing income returns for another one month due to the poor response from the people to file their returns. “Federal Finance Minister Ishaq Dar on Friday approved extension in the due date for filing of income tax ...

    READMORE
  • ISLAMABAD - Pakistan has received $709 million loans from international donors and other countries during two months (July and August) of the ongoing fiscal year to keep its foreign exchange reserves at sufficient level. The foreign loan helped the country to keep its tumbling foreign exchange ...

    READMORE
  • ISLAMABAD - The Asian Development Bank (ADB) on Tuesday noted that Pakistan’s fiscal and external sector vulnerabilities have reappeared with the wider current account deficit, falling foreign exchange reserves, rising debt obligations and consequently greater external financing ...

    READMORE
  • ISLAMABAD - The World Bank has approved $114 million to help internally displaced persons (IDPs) of the Federally-Administered Tribal Areas (Fata) in Pakistan. The funds would significantly expand support for the families affected by militancy-related violence, improve child healthcare and ...

    READMORE
  • ISLAMABAD - A parliamentary committee on Thursday demanded of Finance Minister Ishaq Dar to resign from his post unless the corruption cases decided against him. The Senate Standing Committee on Finance, which met under the chair of Senator Saleem Mandviwalla, has asked the finance minister to step ...

    READMORE
  • ISLAMABAD -  The Senate Standing Committee on Finance has expressed displeasures over the continuous absence of Finance Minister Ishaq Dar from the committee meetings. The committee, which met under the chairmanship of Senator Saleem Mandviwalla, noted that Dar had attended the committee ...

    READMORE
  • ISLAMABAD -  United Kingdom on Monday pledged to continue to support Pakistan to benefit from the EU’s GSP-plus scheme, as Pakistan assured UK to make progress in improving human rights, labour rights, environment and good governance. The UK has confirmed the continuation of Generalised ...

    READMORE
  • ISLAMABAD - India remained obdurate as the second round of high-level talks with Pakistan, under the supervision of the World Bank, on controversial Kishanganga and Ratle hydroelectric power projects ended without any result in Washington. In the latest round of discussions, India not only refused ...

    READMORE
  • ISLAMABAD -  In a major development, the Chinese government has agreed to address the major concerns of Pakistan regarding preference erosion for Pakistani exports and meaningful market access during the 2nd phase of Free Trade Agreement (FTA). The 8th meeting of 2nd phase negotiations of ...

    READMORE
  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Thursday allowed to export 0.5 million metric tons of sugar keeping in view the surplus stock of the commodity in the country. The ECC meeting, which was chaired by Prime Minister Shahid Khaqan Abbasi, has reviewed the sugar ...

    READMORE
  • ISLAMABAD -  A parliamentary committee on Wednesday expressed displeasure over silence of the Securities and Exchange Commission of Pakistan (SECP) on the corruption allegedly committed by a Chinese company Yabaite in the Multan Metro Bus project.  The Senate Standing Committee on ...

    READMORE
  • ISLAMABAD - The Asian Development Bank (ADB) and Pakistan on Tuesday signed $435m loan agreements for two projects, Bus Rapid Transport (BRT) system in Peshawar and to fill infrastructure gap through public-private partnership in Sindh. The ADB and Pakistan signed a $335 million loan agreement to ...

    READMORE