Imran Ali Kundi

  • ISLAMABAD -  The Economic Coordination Committee (ECC) has approved the government’s guarantee for repayment of loan amount of $140 million – which is 40pc of $350 million loan - for the Dasu Hydropower Project. The ECC meeting chaired by Finance Minister Ishaq Dar on Friday ...

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  •   QUETTA (SHARIF KHAN) - Pakistan Flour Mills Association on Wednesday threatened to shut down all flour mills across the country for an indefinite period and stage sit-ins in front of the National Assembly and the Senate if their demands were not sanctioned.   This was announced by ...

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  • ISLAMABAD - A parliamentary committee on Wednesday noted that the government is not implementing Strategic Trade Policy Framework (STPF 2015-18), which was supposed to enhance the country’s tumbling exports. The Senate Standing Committee on Commerce, which met under the chair of Shibli Faraz, ...

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  • ISLAMABAD - The government on Wednesday admitted that it is considering an amnesty scheme for Pakistanis to declare their foreign assets by paying a nominal tax to broaden the tax base of the country. Federal Board of Revenue (FBR) Chairman Dr Muhammad Irshad informed the National Assembly Standing ...

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  • ISLAMABAD -  The government is likely to fix the country’s GDP growth at 6.2 percent and budget deficit at 4 percent for the next financial year 2017-18. “The broad contours of the budget are almost ready, which will be presented to the federal cabinet for approval after the return ...

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  • ISLAMABAD - The Asian Development Bank (ADB) on Monday expressed its commitment to help Pakistan boost growth and spur job creation through its support to energy, transport, agriculture, urban services, and public private partnerships. “Pakistan has a fast improving economy led by a youthful, ...

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  • ISLAMABAD - The second phase of the population census starts today (Tuesday) in 88 districts of the country. Chief Census Commissioner Asif Bajwa told the media on Monday that the first phase of the census completed successfully in the mid of April. He was optimistic that the second phase would ...

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  • ISLAMABAD -  The government is likely to downward revise the exports target of $35 billion set in the Strategic Trade Policy Framework (2015-18) amid continuous decline in the country’s exports for the last couple of years. The government last year had fixed a target to enhance ...

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  • ISLAMABAD - Pakistan’s budget deficit could further widen due to a massive shortfall in tax collection as well as non-tax collection during current financial year. The government has already revised the budget deficit target to 4.1 percent of the GDP (Rs1.376 trillion) as against the budget ...

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  • ISLAMABAD - National Assembly’s Standing Committee on Finance and Revenue on Tuesday recommended the government to reduce the standard rate of General Sales Tax (GST) by two percent to facilitate people and also to impose 0.5 percent wealth tax. The committee, presided over by Qaiser Ahmed ...

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  • ISLAMABAD -  After the International Monetary Fund (IMF) and the Asian Development Bank (ADB), the World Bank too has projected that Pakistan will miss the economic growth target of 5.7 percent during the current fiscal year (FY2017). “The economy is projected to grow by 5.2 percent in ...

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  • ISLAMABAD - Pakistan’s Large Scale Manufacturing (LSM) has recorded slower-than expected growth of 4.12 percent during eight months (July-February) of the current fiscal year, weighing on growth prospects. For the ongoing financial year 2016-17, the government had targeted LSM growth at 5.9 ...

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  • ISLAMABAD -  The second phase of population census in 88 districts of the country would start from April 25, as the first phase concluded on last Friday. “The first phase of the population census has been completed in 63 districts. Now the enumerators will send the census documents to ...

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  • ISLAMABAD -  The Economic Coordination Committee (ECC) on Friday approved to allocate 10 mmcfd gas from Tolang Gas field to SNGPL, which would improve gas supply to all sectors including the power plants. The ECC meeting, chaired by Finance Minister Ishaq Dar, has also approved payment of ...

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  • ISLAMABAD -  A parliamentary committee on Thursday showed concerns on the performance of Competition Commission of Pakistan (CCP) for not taking action against cartels, which are responsible for higher inflation in the country. The Senate Standing Committee on Finance, which met under the ...

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  • ISLAMABAD -  Federal Finance Minister Ishaq Dar on Thursday said that electoral reforms package would be ready before the upcoming budget and a bill for enactment of the law would be tabled in the Parliament soon. Ishaq Dar, who is also chairman of the parliamentary committee on electoral ...

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  • ISLAMABAD - A parliamentary committee on Wednesday directed the State Bank of Pakistan (SBP) to pay back the deposited amounts to all those who had contributed for “Qarz Utaro Mulk Swanro” move in 1997. Senate standing committee on finance asked the SBP to start awareness campaign in ...

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  • ISLAMABAD -  The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved 15 development projects of transport & communication, energy and water sectors with total cost of Rs261.2 billion. The Ecnec, which met under the chair of Finance Minister Ishaq Dar, has ...

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  • ISLAMABAD - Pakistan’s trade deficit has widened to $23.4 billion during nine months (July-March) of the ongoing financial year due to massive increase in the country’s imports and decline in exports. The country’s trade imbalance has surged to $23.4 billion during July-March of ...

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  • ISLAMABAD - The government has decided to revise the tax collection target by Rs100 to Rs150 billion for the current fiscal year. The decision to revise the Rs3621 billion tax collection target for the ongoing financial year has been taken after what the government describes as a “massive ...

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  • ISLAMABAD -  The government’s plan of privatising public sector entities (PSEs) is moving at snail’s pace, as it had not privatised any entity since August 2015. The PML-N government after coming into power in June 2013 had announced to privatise 69 PSEs, which included loss-making ...

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  • ISLAMABAD - The Asian Development Bank (ADB) has projected Pakistan’s economic growth at 5.2 percent for the current fiscal year due to better security, macroeconomic stability and investment under the China-Pakistan Economic Corridor (CPEC) projects. “The GDP growth is expected to edge ...

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  • ISLAMABAD - The International Monetary Fund (IMF) has projected Pakistan’s economic growth to reach 5 percent in the ongoing financial year 2016-17 as against government’s projection of 5.7 percent. “The (IMF) staff team expects economic growth to reach 5 percent in FY ...

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  • ISLAMABAD -  The government yesterday gave fresh dateline of November 2017 for ending loadshedding in the country, amid the long hours of unannounced loadshedding being faced by the people in different parts of the country. “With the energy reforms and positive initiatives of the current ...

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  • ISLAMABAD - Pakistan’s inflation rate has sharply increased to 4.9 percent in March due to hike in prices of food commodities as well as fuel. The inflation measured through consumer price index (CPI) has recorded at 4.9 percent in March as against same month of the previous year, Pakistan ...

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  • ISLAMABAD - The government could not conduct population census in North and South Waziristan agencies of Federally Administered Tribal Areas due to law and order situation and decided to take data regarding the two agencies from FATA Disaster Management Authority. “The population census in ...

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  • ISLAMABAD -  The government is likely to miss the annual tax collection target by a wide margin during the current fiscal year as the tax machinery is unable to meet the monthly targets mainly due to reduction of taxes on oil products. The Federal Board of Revenue (FBR) has to collect massive ...

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  • ISLAMABAD - The Economic Coordination Committee of the Cabinet (ECC) on Tuesday approved export of 0.2 million metric tonnes of sugar and one month salary for employees of the Pakistan Steel Mills. The ECC, with Finance Minister Ishaq Dar in the chair, approved a proposal of the Ministry of ...

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  • ISLAMABAD - Pakistan and the International Monetary Fund (IMF) will start Article 4 consultations in Dubai from today (Tuesday) and Islamabad will give a detailed briefing on the economic situation in the country to the Fund. The talks will continue from March 28 to April 5 in Dubai. IMF officials ...

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  • ISLAMABAD -  The Economic Advisory Council (EAC) on Saturday showed concerns over the country’s trade deficit, which had gone beyond $20 billion during first eight months (July-February) of the ongoing financial year. The EAC noted that trade deficit could further widen in the months to ...

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