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Sheikh met ADB Director General Werner Leipach in Islamabad

Pakistan to receive $3.4 billion loan from ADB in budgetary support

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Saturday said the Asian Development Bank (ADB) will loan Pakistan $3.4 billion for budgetary support.

June 16, 2019
Published in Business

Exports inevitable for economic growth: Hafeez Sheikh

Finance Advisor Adul Hafeez Sheikh said it is important to trade with other countries for economic growth. He said subsidy for electricity is only for poor. He said IMF board will visit Pakistan on July…

June 15, 2019
Published in Business

NEPRA approves increase in electricity price

The National Electric Power Regulatory Authority (NEPRA) on Friday approved a summary for an increase in the per-unit price of electricity.

June 14, 2019
Published in Business

World Bank approves $518 mln loan to enhance the tax revenues in Pakistan

The World Bank has approved a package of $518 million loan for Pakistan to enhance the tax revenues of the country.

June 14, 2019
Published in Business

US dollar reaches new all-time high against Pakistani rupee

The US dollar continued to soar against the Pakistani rupee, reaching new all-time highs in the interbank and open markets on Thursday.

June 13, 2019
Published in Business

Ready to offend some people in order to increase average tax rate: Hafeez

Adviser to the Prime Minister on Finance Dr Hafeez Shaikh on Wednesday insisted that "rich people in other countries pay higher taxes" as compared to the upper class in Pakistan.

June 12, 2019
Published in Business

Country is going through a tough phase: Abdul Hafeez Shiekh

Adviser to PM on Finance Abdul Hafeez Shaikh said on Wednesday that the government has been facing financial woes since day one of assuming power.

June 12, 2019
Published in Business

Federal Budget: Govt decides to impose 12.5% FED on Internet Services

In the Finance Bill 2019-20, the government has proposed to impose 12.5 percent Federal Excise Duty (FED) on internet services and foreign satellite bandwidth service.

June 12, 2019
Published in Business

Economic Survey of Pakistan will launched on Monday.

Economic Survey of Pakistan for the current financial year 2018-19 will be launched on Monday.

June 9, 2019
Published in Business

G20 finance chiefs to warn of trade risks, differ on how 'pressing'

Global trade tensions threaten an expected pick-up in economic growth this year and in 2020, a draft communique by the world’s financial leaders showed on Saturday, but the policymakers were divided on whether the need…

June 9, 2019
Published in Business

Country's exports increased by 7% as production line gone up: Razak Dawood

Adviser to Prime Minister on Commerce Abdul Razak Dawood says country's exports have increased by seven percent as production line has gone up despite difficult environment.

June 4, 2019
Published in Business

FBR bags only Rs13.5bn in nine months despite aggressive drive

The government’s ongoing campaign against tax defaulters, non-compliant high-net-worth individuals (HNWI) has helped the tax department recover nearly Rs13.5 billion in the first nine months of this fiscal year.

June 2, 2019
Published in Business

Hafeez Shaikh discusses upcoming budget with business community in Lahore

Government's economic team led by Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh met the business community in Lahore in preparation for the Federal Budget 2019-20.

June 2, 2019
Published in Business

Petrol prices: Why are they rising?

Motorists are in for a bumping ride this Eid, as petroleum prices spike up once again across the country.

June 1, 2019
Published in Business