Imran Ali Kundi

  • TISLAMABAD  -  The caretaker government has not approved the proposal of increasing Regulatory Duty (RD) on imported commodities to curb the soaring imports and left the matter for the new government led by Pakistan Tehreek-e-Insaf (PTI). The Ministry of Commerce and Textile had presented ...

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  • TISLAMABAD - Pakistan Friday urged Asia Pacific Group (APG) to be flexible and practical in their deadlines and allow full opportunity to the authorities to provide necessary materials and reports to APG. The APG has asked Pakistan to submit replies on technical compliance questionnaires with ...

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  • TISLAMABAD - The previous PML-N government had failed to address the issue of mounting debt and liabilities of the Public Sector Entities (PSEs) that touched Rs1.3 trillion during last fiscal year (FY2018). The PML-N government had not brought reforms in the PSEs including Pakistan ...

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  • TISLAMABAD - All major development projects are halted in the country due to change in government, as Planning Commission has released meagre two percent of the annual development budget in almost one and half month (July to August 10) of the current fiscal year. The Planning Commission has ...

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  • TISLAMABAD - Pakistan Tehreek-e-Insaf (PTI), the government in-waiting, is seriously contemplating various alternative plans to avoid International Monetary Fund (IMF) programme which according to PTI would hit its economic plan especially generating employment opportunities. PTI chairman Imran ...

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  • TISLAMABAD - Pakistan's trade deficit has widened to $3.19 billion during July this year despite exports have slightly surpassed the pace of imports. The country's trade deficit, gap between exports and imports, has increased to $3.19 billion during July 2018 from $3.18 billion of the corresponding ...

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  • TISLAMABAD - The Indus River System Authority (IRSA) on Saturday said that about 80,000 cusecs water will go waste to sea in next few days due to lack of water conservation system in the country. “Overall about 70/80,000 cusecs surplus water is now available in the system, which would ...

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  • TISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has recommended to enhance the insured compensation limit to the victims of road traffic accidents or their legal heirs from only Rs20,000 to Rs500,000. The SECP is of the view that the existing insurance law needs revision ...

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  • TISLAMABAD - The federal government had massively borrowed Rs1.7 trillion from the domestic sources in last fiscal year (FY2018) mainly to finance the increasing budget deficit of the country. Pakistan's domestic debt and liabilities had recorded at Rs17 trillion in 2018 as against Rs15.31 trillion ...

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  • TISLAMABAD - Pakistan Tehreek-e-Insaf’s central leader Asad Umar said Tuesday that PTI-led government will decide next month (September) whether to approach International Monetary Fund (IMF) or friendly countries such as China to avert a balance of payment crisis. Talking to media here, Asad ...

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  • TISLAMABAD - The Federal Board of Revenue (FBR) has stated issuing notices to Pakistanis for not disclosing their properties and assets in United Kingdom (UK) under the Tax Amnesty Scheme. "We have received information of those Pakistanis who illegally own property in the United Kingdom," said FBR ...

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  • TISLAMABAD - Pakistan Tehreek-e-Insaf (PTI), which is all set to form a coalition federal government, would have to remove the flaws in National Finance Commission (NFC) award to control the soaring budget deficit of the country. Under the NFC award, the federal government has to transfer 57.5 ...

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  • TISLAMABAD - The ministry of commerce is waiting for the new government to get approval for five years Strategic Trade Policy Framework (STPF) aimed enhancing trade with other countries and giving incentives to boost exports of the country. The previous government had not announced the new five ...

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  • TISLAMABAD - Inflation has increased to 5.8 percent in July 2018, highest ever in almost four years, mainly due to sharp depreciation in currency and increase in oil prices. Inflation measured by Consumer Price Index (CPI) has recorded at 5.8 percent during July over a year ago, according to ...

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  • TISLAMABAD - The Federal Board of Revenue (FBR) on Monday has asked the people to take benefit from the tax amnesty scheme to declare their hidden assets by paying nominal tax under the scheme, which is expiring today (Tuesday). "People should declare their hidden assets under the Tax Amnesty Scheme ...

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  • TISLAMABAD  -  The government-in-waiting led by Pakistan Tehreek-e-Insaf (PTI) on Saturday ruled out the possibility of giving further extension to the tax amnesty scheme, which is expiring on July 31. PTI’s economic wizard Asad Umar, who is expected to become next finance minister, ...

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  • TISLAMABAD - Pakistan Tehreek-e-Insaf (PTI), after forming federal government, would have to take extraordinary measures to bring out Pakistan from the current economic crises. Discussions with economic experts revealed that competitiveness of Pakistan's economy would take some time, as the ...

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  • TISLAMABAD - Moody’s Investors Service Friday said Pakistan Tehreek-e-Insaf which is all set to form government at the Centre would go to International Monetary Fund (IMF) for external financing. Moody’s, a major credit rating agency, said PTI appears on track to win the largest ...

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  • TISLAMABAD - The newly elected Pakistan Tehreek-e-Insaf (PTI), which is all set to form the federal government, would face gigantic economic challenges including stabilising the local currency and building the foreign exchange reserves. The PTI is well ahead in the general election winning majority ...

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  • TISLAMABAD - The Ministry of Commerce is making a plan to control increasing imports of the country, which had touched all time high $60 billion during last fiscal year (FY2018). "The government is planning to increase Regulatory Duty (RD) on more than one thousand imported items," said an official ...

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  • TISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) and National Counter Terrorism Authority (NACTA) on Tuesday joined hands to undertake all necessary efforts for collaboration to combat money laundering and terrorism financing (CTF). In this regard, a memorandum of ...

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  • TISLAMABAD - The Federal Board of Revenue (FBR) has decided to take action against those who do not declare their hidden local as foreign assets after the expiry of the scheme August 1, 2018. "Tax amnesty scheme will expire on July 31 and it depends on the next government to give further extension ...

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  • TISLAMABAD - Pakistan's economic situation has further deteriorated during short tenure of the incumbent caretaker government that neither has intervened in the market to stabilise the currency nor increased the foreign exchange reserves. The country's economic situation especially external sector ...

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  • TISLAMABAD - Pakistan's textile exports have shown 8.67 percent growth during last fiscal year mainly due to sharp rupee depreciation, improvement in energy supply, partially releasing of refunds and cash subsidies under the Prime Minister Export Package. The country exported textile and clothing ...

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  • TISLAMABAD - The new government would have no other option than to approach International Monetary Fund (IMF) for bailout package amid deteriorating economic situation of the country that is going from bad to worse.  Pakistan's economic situation is deteriorating with the passage of time ...

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  • TISLAMABAD - The Federal Board of Revenue (FBR) would unlikely to recommend next government to extend tax amnesty scheme. "Although the new government after upcoming general election will decide to extend the tax amnesty scheme, which is expiring on July 31 yet FBR would not recommend the ...

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  • TISLAMABAD - The Ministry of Finance on Monday has unveiled the strategy to release the funds during current fiscal year directing the departments to make all the payments through pre-audit of Accountant General of Pakistan Revenues (AGPR). The ministry of finance has directed the ministries and ...

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  • TISLAMABAD - The value of dollar surged to an all-time high of Rs128.26 in the interbank market on Monday that would unleash a new wave of inflation and increase the overall debt of the country. The value increased by Rs6.75 in interbank market in a single day while it surged by Rs4 taking the rate ...

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  • TISLAMABAD/LAHORE - The Federal Board of Revenue (FBR) has obtained information about immovable properties owned by the Pakistanis in the United Kingdom with the assistance of Organisation for Economic Cooperation and Development (OECD) and the UK tax authorities. The FBR on Monday said that ...

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  • TISLAMABAD - The government missed the exports target by $1.7 billion during previous fiscal year (FY2018) despite giving cash subsidies under the Prime Minister Export Package and sharply depreciating rupee against dollar. Pakistan’s exports were recorded at $23.2 billion during FY2018 ...

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