Imran Ali Kundi

  • ISLAMABAD - The government has planned to enhance Pakistan’s exports to $46 billion by fiscal year 2024-25 under Strategic Trade Policy Framework 2020-25 by giving incentives to the exporters. The ministry of commerce has prepared Strategic Trade Policy Framework (STPF) 2020-25, which would ...

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  • ISLAMABAD           -              The World Bank’s Board of Executive Directors approved, on Friday, a $500 million program to help Pakistan improve access to quality healthcare ...

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  • ISLAMABAD             -         The Economic Coordination Committee (ECC) of the Cabinet has approved Mobile Device Manufacturing Policy to promote local manufacturing and assembly of mobile phone ...

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  • ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet has approved in principal to allow Economic Affairs Division (EAD) to sign an MoU for availing the G-20 relief initiative subject to the approval of the Cabinet.Pakistan is required to enter into this MoU with all official bilateral ...

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  • ISLAMABAD - The Asian Development Bank (ADB) has approved a $300 million emergency assistance loan to strengthen Pakistan’s public health response to the novel coronavirus disease (COVID-19) pandemic and help meet the basic needs of vulnerable and poor segments of society. “The ...

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  • ISLAMABAD-Pakistan and World Bank on Monday signed loan agreement worth $371 million related to increasing the utilisation of quality health services in Punjab and to improve the performance of irrigated agriculture for farmers in Khyber Pakhtunkhwa province.Noor Ahmed, Federal Secretary, Ministry ...

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  • ISLAMABAD-The Asian Development Bank’s projects, programmes and other development support for its developing members in Asia and the Pacific amounted to $33.74 billion in 2019, underscoring ADB’s strong commitment to its vision of a prosperous, inclusive, resilient, and sustainable ...

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  • ISLAMABAD - The government’s non tax revenue collection is continuously increasing during the ongoing fiscal year that is helping in restricting budget deficit of the country. Of the total revenues of Rs4.689 trillion, the government collected around Rs1 trillion as non-tax revenues during ...

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  • ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet Friday has approved the Emergency Cash Assistance (Criteria and Mechanism) to the labour whose livelihoods has been affected by the COVID-19 Pandemic. The announcement was made earlier by the Prime Minister and required the formal ...

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  • ISLAMABAD                  -               Moody’s Investors Service, (Moody’s) has placed Pakistan’s local and foreign ...

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  • ISLAMABAD - Economic Coordination Committee (ECC) of the Cabinet has approved a multi-billion agriculture package to provide farmers subsidy on fertilizers, reduction in bank mark-up on agriculture loans, subsidy on cotton seed and whitefly pesticides and sales tax subsidy on locally manufactured ...

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  • ISLAMABAD - President Dr Arif Alvi has constituted the 10th National Finance Commission, officials said on Tuesday. They said the Adviser to the Prime Minister on Finance and Revenue will chair the meetings of the NFC. Each province has been given representation in the finance commission. It will ...

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  • ISLAMABAD-The federal government on Tuesday formally announced to defer the privatisation of 6 public sector entities and 28 state owned properties till next fiscal year, which would give a hit of Rs400 billion in terms of non-tax collection during ongoing financial year. Federal Minister ...

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  • ISLAMABAD-Pakistan is not going for any commercial loan rescheduling until now as only $1.8 billion due in debt servicing to G-20 countries are under process of rescheduling by December 2020.Pakistan would have to pay $1.8 billion out of total $20.7 billion to the 11 countries of Group of 20 rich ...

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  • ISLAMABAD-The federal government had transferred Rs509 billion lesser than projected amount to the four provinces from the divisible pool in nine months (July to March) of the current fiscal year due to failure of Federal Board of Revenue (FBR) in meeting its tax collection target.The federal ...

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  • ISLAMABAD                   -                The four provinces had not utilised their budgets that resulted in a massive budget ...

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  • ISLAMABAD         -              The government successfully controlled the budget deficit at 3.8 percent of the gross domestic product (GDP) in first nine months (July to March) of the current ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved shifting of the most expensive loan from the books of Power Holding Limited (PHL) to the Government of Pakistan and taking up a Rs136.454 billion loan in the FY 2019-20, while other loans are to be considered ...

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  • ISLAMABAD-Pakistan’s exports and imports have declined massively in April due to the outbreak of coronoavirus throughout the world.The country’s exports have reduced to $957 million in April 2020 from $2.089 billion in the same month of the previous year showing massive decline of 54.19 ...

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  • ISLAMABAD-The Economic Affairs Division (EAD) has recommended the government that development partners should be requested to diversify their portfolio and more focus may be put on the projects in education, health, rural development and poverty reduction. The Policy Analysis and Development Wing ...

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  • ISLAMABAD          -             Shaista Bano Gillani has taken charge as the chairperson of Competition Commission of Pakistan (CCP). The Finance Division on Monday issued a notification after ...

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  • ISLAMABAD               -             The government is continuously borrowing from external sources to repay previous loans and maintain foreign exchange reserves, as ...

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  • ISLAMABAD        -          Inflation rate has reduced to single digit 8.5 percent in April mainly due to slowdown in economic activities amid coronavirus and reduction in oil prices. This was third consecutive month ...

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  • ISLAMABAD                   -                  Executive Committee of the National Economic Council (ECNEC) has approved ...

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  • ISLAMABAD                     -                 The international financial institutions (IFIs) have projected that ...

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  • ISLAMABAD - Pakistan had borrowed around $61 billion from international lenders in last five and half years (from July 2014 to December 2019). Pakistan had borrowed $24.427 billion from the multilateral development partners that constitute 40 percent of the total commitments. The new financing ...

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  • ISLAMABAD-A high-level meeting on Tuesday noted that Pakistan’s budget deficit would swell to 9.6 percent of the GDP, economic growth would be contracted by 1.5 percent while the impact on the poverty figures could also be higher due to closure of businesses and restricted economic activity ...

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  • ISLAMABAD-The COVID-19 has impacted the pace of ongoing privatisation programme, as transactions of public sector entities (PSEs) are unlikely to complete due to the prevailing situation during current fiscal year. The government had projected to generate around Rs400 billion by privatizing the ...

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  • ISLAMABAD - The World Bank is ramping up its support to provide over $2 billion in new financing and up to $1 billion in repurposing of existing funds to Pakistan over the next 15-months. Repurposing of one billion dollar also include $130 million in grant funding. These funds will support ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Monday approved two packages for unemployed daily wage earners and another package for small and medium entrepreneurs. Federal Minister for Industries and Production Hammad Azhar announced that the ECC has approved two ...

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