Imran Ali Kundi

  • TISLAMABAD - Shaukat Hussain has resigned from the post of Chairman Securities and Exchange Commission of Pakistan on Thursday, sources said. They further informed that Hussain would continue to work as Commissioner SECP. “He [Hussain] has sent his resignation to the Ministry of ...

    Read More
  • TISLAMABAD - The Moody’s has said that International Monetary Fund (IMF) programme would not only bridge the financing gap for Pakistan but also serve as a strong signal to other creditors to meet financing requirements over the coming years. The International rating agency, Moody’s has ...

    Read More
  • TISLAMABAD - The federal government on Wednesday warned that inflation would rise in the months to come due to increase in oil prices in international market, rupee depreciation and recent hike in gas rates. The National Price Monitoring Committee, which met under the chair of Special Secretary ...

    Read More
  • TISLAMABAD - Pakistan’s economic growth has currently slowed down that could be gauged from the decline in growth of large-scale manufacturing (LSM) during first couple of months (July and August) of the ongoing fiscal year. The LSM growth declined by 1.17 percent during July and August ...

    Read More
  • TISLAMABAD - The government on Tuesday decided to conduct audit of power plants that were set up by the previous PML-N government to fix the responsibility of wrongdoings in them. Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain said that increasing power tariff is inevitable ...

    Read More
  • TISLAMABAD - The Federal Board of Revenue (FBR) is continuing its drive for the recovery of taxes from influential tax evaders. The FBR has issued further notices to 154 big tax evaders in the third phase of its drive of broadening tax base of the country. Earlier, the FBR had issued 244 notices to ...

    Read More
  • TISLAMABAD - The PTI-led coalition government would once again consider increasing the power tariff to reduce the mounting circular debt of the country. The government had earlier delayed the decision of enhancing electricity tariff due to by-elections. The Economic Coordination Committee (ECC) of ...

    Read More
  • TISLAMABAD - Pakistan on Saturday rejected the United States’ claim that Islamabad is borrowing from International Monetary Fund (IMF) to repay Chinese loans. He told a press conference on Saturday that an IMF delegation will visit the country from November 7 to finalise terms and conditions ...

    Read More
  • TISLAMABAD/Bali   -  The International Monetary Fund’s team will visit Pakistan in coming weeks to initiate discussions for a new loan programme to avert the ongoing economic crisis faced by the country. Pakistan on Thursday formally requested the IMF for a loan programme. ...

    Read More
  • TISLAMABAD - Federal Board of Revenue (FBR) has registered 55 percent increase in the number of income tax returns filed until 10th of October this year as compared to the corresponding period last year. The FBR has received 482,275 income tax returns for the tax year 2018, which are 170,208 more ...

    Read More
  • TISLAMABAD - The Asia Pacific Group on Wednesday expressed concerns over the government’s measures to curb money laundering and terror financing. The APG, a FATF-style regional body on money laundering, asked Pakistan to expedite efforts to control money laundering and terror financing. Talks ...

    Read More
  • TISLAMABAD - Pakistan’s trade deficit has slightly narrowed by 1.61 percent in first quarter (July to September) of the current fiscal year that may eases pressure on the tumbling foreign exchange reserves of the country. The country’s trade deficit has recorded at $8.9 billion during ...

    Read More
  • TISLAMABAD/LAHORE - The Pakistani rupee tumbled as much as 10 percent Tuesday against the dollar after the government’s decision to seek a bailout package from the International Monetary Fund to stem a balance of payments crisis. The US dollar touched historic high of Rs138 in open market on ...

    Read More
  • TISLAMABAD  -  The government has decided to approach the International Monetary Fund (IMF) for a bailout package, Finance Minister Asad Umar announced on Monday. In a video message, the minister said that in the existing situation the IMF bailout had become a necessity to avert the ...

    Read More
  • TISLAMABAD - The PTI-led coalition government is working on the Strategic Trade Policy Framework (STPF) 2018-23 with an aim to double the country’s exports to $46 billion in its five-year constitutional tenure. “The government has finalized the draft of the Policy, which is now being ...

    Read More
  • TISLAMABAD - The International Monetary Fund (IMF) has apparently set conditions of increasing power and gas tariffs for Pakistan amidst perception that country will approach the Fund for bailout package within next one month. Pakistan has not decided yet to take new loan programme from the IMF to ...

    Read More
  • TISLAMABAD - The PTI led coalition government has yet to announce its strategy to build the country’s foreign exchange reserves that have fallen to $8.4 billion (held by SBP), which are enough to cover only one and a half months’ import bill. The PTI government had assumed the charge in ...

    Read More
  • TISLAMABAD - The National Assembly on Wednesday approved the mini-budget with majority vote, through which PTI government has withdrawn its decision of allowing non-tax filers to purchase properties and vehicles. The treasury managed to get the ‘Finance Supplementary (Amendment) Bill, ...

    Read More
  • TISLAMABAD - The International Monetary Fund on Wednesday expressed its concerns over the delay in increasing power tariff. The IMF delegation had recommended the government for early notification of increasing power tariff, which has pending for the last more than one year. The visiting IMF ...

    Read More
  • TISLAMABAD - The PTI led coalition government is formulating a new privatisation policy aimed to improve the financial health of the public sector entities in order to attract more potential buyers. The government has decided not to include Pakistan International Airlines (PIA), Pakistan Steel ...

    Read More
  • TISLAMABAD - The PTI-led coalition government on Tuesday once again delayed the increase in electricity tariff apparently due to upcoming by-elections. The Economic Coordination Committee (ECC) of the Cabinet, which met under the chair of Finance Asad Umar, considered the proposal regarding tariff ...

    Read More
  • TISLAMABAD - In a large swoop to widen the tax net and ensure tax compliance across Pakistan, Federal Board of Revenue (FBR) has started a massive drive for the recovery of taxes from big and influential tax evaders. The FBR has identified 169 wealthy non-filers in the country, which are set to face ...

    Read More
  • TISLAMABAD - Inflation rate slightly eased down to 5.12 percent during September mainly due to reduction in oil prices last month. Inflation measured by Consumer Price Index (CPI) was recorded at 5.8 percent during first two months (July and August) of the ongoing fiscal year. However, the inflation ...

    Read More
  • TISLAMABAD - After increasing gas prices and announcing mini-budget, the PTI-led coalition government has decided to give relief to the people by not enhancing the prices of petroleum products for the next month. Finance Minister Asad Umar said that the government has decided to keep the oil prices ...

    Read More
  • TISLAMABAD - The PTI-led coalition government has slashed the Public Sector Development Programme (PSDP) by Rs125 billion for the ongoing fiscal year to restrict the widening budget deficit of the country. The ministry of Planning Development and Reforms on Saturday released the details of the ...

    Read More
  • TISLAMABAD  -  Finance Minister Asad Umar on Friday said that Pakistan has not decided yet to take bailout package from the International Monetary Fund (IMF), as both sides are currently holding article IV discussions. “Government had not yet decided if it should go for any programme ...

    Read More
  • TISLAMABAD - A delegation of International Monetary Fund (IMF) has arrived in Islamabad for holding Article IV consultations. Pakistan and IMF were scheduled to hold Article IV talks in March this year, which was delayed due to the budget preparations of the previous PML-N government. Later, the ...

    Read More
  • TISLAMABAD  -  The Asian Development Bank (ADB) has painted bleak picture of Pakistan’s economy as inflation will increase, GDP growth will decline and budget and current account deficits will widen during current fiscal year (FY19). The ADB has noted Pakistan’s GDP growth at ...

    Read More
  • TISLAMABAD  -  The Pakistan Tehreek-e-Insaf (PTI) government suffered second defeat on Wednesday by a parliamentary committee that opposed the government’s plan to give effect to new income tax rates from July this year. The Senate Standing Committee on Finance and Revenue has ...

    Read More
  • TISLAMABAD - A parliamentary committee has recommended the government to reduce the rate of tax for highest slabs for salaried as well as non-salaried income in the Finance Supplementary (Amendment) Bill, 2018. The Senate Standing Committee on Finance, Revenue and Economic Affairs in its meeting ...

    Read More