Imran Ali Kundi

  • TISLAMABAD    -    The government has prepared a plan to borrow more than Rs11 trillion in the next four years to meet the financing needs of the country. The government in its five-year debt management plan has projected that Pakistan would borrow Rs11.075 trillion in ...

    Read More
  • TISLAMABAD       -        Pakistan and International Monetary Fund (IMF) have reached a staff-level agreement on policies and reforms needed to complete the first review under the Extended Fund Facility (EFF). IMF Mission team led by ...

    Read More
  • TISLAMABAD     -    The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to increase salaries of doctors and nurses in federal hospitals, and revising margins of Oil Marketing Companies (OMCs) and Dealers on motor spirit (MS) and high ...

    Read More
  • TISLAMABAD      -    Inflation rate surged by 11.04 percent in October on annual basis due to increase in prices of basic food commodities. Inflation, measured through the Consumer Price Index (CPI), edged up by 1.82 percent in October over the previous month ...

    Read More
  • TISLAMABAD - Pakistan had borrowed $514.55 million from foreign commercial banks in first quarter (July-September) of the current fiscal year 2019-20. The federal government had budgeted to borrow $2 billion foreign commercial loans during ongoing financial year. The government had borrowed more ...

    Read More
  • TISLAMABAD      -    Federal Minister for Economic Affairs Hammad Azhar on Tuesday said country’s economic situation has improved due to the prudent policies of the incumbent government, as it brought under control the soaring current account and budget ...

    Read More
  • TISLAMABAD    -    Policy level talks between Pakistan and International Monetary Fund (IMF) have started on Monday in Islamabad, which would decide the fate of releasing next tranche of $453 million for Islamabad. The IMF team had arrived Pakistan last week for first ...

    Read More
  • TISLAMABAD     -    Pakistan’s trade deficit contracted by over 33 percent in four months (July to October) of the current fiscal year due to the continuous reduction in imports and increase in exports of the country. The country’s trade deficit was ...

    Read More
  • TISLAMABAD    -    The ministry of power has notified that the government would not accept any application for commercial and industrial connection of electricity and natural gas of the consumers those are not registered under Section 181A of Income Tax ...

    Read More
  • TISLAMABAD     -    The International Monetary Fund (IMF) on Friday emphasised upon harmonisation in the tax system and creation of a single tax base as it directly impacted on the ease of doing business. The IMF suggested that Pakistan should introduce uniform tax ...

    Read More
  • TISLAMABAD     -    Although business community is continuously protesting against the government’s campaign of broadening tax base of the country, but only 312,361 traders are filing tax returns that are very low as compared to the total number of traders in ...

    Read More
  • TISLAMABAD - The government on Wednesday accepted traders’ key demands and relaxed for three months the condition of showing CNIC for sale or purchase of anything worth Rs50,000 or above. Talks between the federal government and traders concluded successfully on Wednesday after a ...

    Read More
  • TISLAMABAD         -        The Economic Coordination Committee (ECC) of the Cabinet on Wednesday has approved to release 650,000 tonnes of wheat from PASSCO stocks to the provincial governments of Khyber Pakhtunkhwa (KP), ...

    Read More
  • TISLAMABAD/LAHORE - A two-day shutter-down strike against the controversial tax reforms by the government began on Tuesday, bringing the commercial activities to a standstill throughout the country. Most of the markets, shopping centres and shops remained shut in Islamabad, Karachi, Lahore, ...

    Read More
  • TISLAMABAD     -    The International Monetary Fund (IMF) on Tuesday said that government is moving in right direction as it reduced the fiscal deficit and also the volatility in the exchange rate in last few months. The IMF has appreciated the positive results ...

    Read More
  • TISLAMABAD     -    The Asian Development Bank (ADB) has approved a $75 million loan for a project that will help improve the quality, accessibility, and gender responsiveness of the secondary education system and infrastructure in the province of Sindh. Pakistan ...

    Read More
  • TISLAMABAD    -   Talks between Pakistan and International Monetary Fund (IMF) for first quarterly review of Islamabad’s performance under its $6b Extended Fund Facility (EFF) have started on Monday. A staff mission of the IMF led by Ernesto Ramirez-Rigo has arrived in ...

    Read More
  • TISLAMABAD     -   Federal Board of Revenue (FBR) on Monday warned that certain unscrupulous elements may attempt to avail the opportunity of transporting smuggled vehicles under garb of crowds, groups and dharna processions moving across country. The FBR has issued a ...

    Read More
  • TISLAMABAD    -   The Federal Board of Revenue (FBR) is hopeful to increase the number of tax filers to around 5 million during current tax year as large number of people are filing tax returns. FBR Chairman Shabbar Zaidi tweeted on Friday that the tax returns per day had ...

    Read More
  • TISLAMABAD    -   Chairman Federal Board of Revenue (FBR) Shabbar Zaidi on Friday said the government may relax the condition of CNIC for traders as the implementation of the condition is affecting business activities in the country. “There are two options to continue ...

    Read More
  • TISLAMABAD    -      The ministry of finance on Friday said that Pakistan’s overall debt has surged to 85 percent of the Gross Domestic Product (GDP), which would be brought to 50 percent of the GDP in next five years.   The ministry of ...

    Read More
  • TISLAMABAD    -      Pakistan’s position has improved by 28 places and rose to a rank of 108 in the global ease of Doing Business rankings after the enactment of six regulatory reforms. “The enactment of six regulatory reforms has landed Pakistan ...

    Read More
  • TISLAMABAD     -    The large-scale manufacturing index (LSMI) had shrunk for nine months in a row after recording negative growth of over seven percent in August this year, which indicates that economic activities had slowed down in the country.  The LSMI had ...

    Read More
  • TISLAMABAD     -     The Federal Board of Revenue (FBR) Tuesday said that incumbent government is working for documentation of the economy by bringing more sales tax filers in the tax system as currently only 41,000 people are filing sales tax in the ...

    Read More
  • TISLAMABAD     -     Overall losses and liabilities of Pakistan Steel Mills (PSM) have surged to Rs510 billion as the government has failed to revive the country’s largest industrial unit. The Senate Standing Committee on Industries and Production was ...

    Read More
  • TISLAMABAD   -   Pakistan has reaffirmed its commitment to implement Financial Action Task Force (FATF) Action Plan and upgrade from the grey list to the white list of FATF in 2020. Federal Minister for Economic Affairs Hammad Azhar said that Pakistan had targeted to complete all ...

    Read More
  • TISLAMABAD    -   The World Bank (WB) has noted that 27 percent of children of up to the primary level are not enrolled in schools in Pakistan. The WB has introduced an ambitious new Learning Target, which aims to cut by at least half the global rate of Learning Poverty by ...

    Read More
  • TISLAMABAD    -    Pakistan’s oil imports have reduced by over 16 percent in first quarter (July to September) of the current fiscal year. The country spent $3.16 billion on importing oil in July to September period of the year 2019-2020 as compared to $3.78 ...

    Read More
  • TISLAMABAD    -    The International Monetary Fund (IMF) has expressed satisfaction over the reduction in trade deficit of Pakistan by around 35 percent in first quarter (July to September) of the current fiscal year. The visiting team of the IMF met Prime ...

    Read More
  • TISLAMABAD    -    Pakistan hopes to satisfy International Monetary Fund (IMF) on the first review under extended fund facility (EFF) that would be discussed later this month. “IMF mission for the first review is expected to reach Islamabad in the last week of the ...

    Read More