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FBR cautions IMF about Rs9.4tr tax target

ISLAMABAD: Pakistan shared a plan with the International Monetary Fund (IMF) on Friday to increase the number of income tax return filers to 6.5 million by June next year, but cautioned the lender about potential risks to the Rs9.4 trillion…

Inflation lowest for ten months at 26.9%

ISLAMABAD: The inflation rate fell to 26.9% in October -- the lowest for ten months and more than expected -- strengthening the position of the central bank during the International Monetary Fund (IMF) talks against any demand for a raise…

Govt raises gas prices amid Rs2tr loss

ISLAMABAD: In the face of a staggering loss of Rs2.1 trillion in the gas sector, Minister for Energy, Muhammad Ali, justified the recent increase in gas prices as being in the best interest of Pakistan. He explained during a press…

IT sector for swift policy adoption

ISLAMABAD: IT industry experts have praised the State Bank of Pakistan’s (SBP) recent policy measures aimed at boosting IT and IT-enabled services (ITeS) exports and have called for their immediate implementation. The IT sector has set an…

Interest cost absorbs entire income

ISLAMABAD: Finance Minister Dr Shamshad Akhtar, on Tuesday, identified the increasing cost of interest payments as a “primary concern” for fiscal stability. During the first quarter of the current fiscal year, debt servicing consumed almost…

Punjab cabinet greenlights 4-month budget

LAHORE: In the 31st meeting of the Punjab Cabinet held today at the Chief Minister’s Office, Chief Minister Mohsin Naqvi presided over a pivotal decision as the government approved a budget for the forthcoming four months spanning November…

SBP maintains tight monetary policy

KARACHI: Pakistan’s central bank on Monday left its benchmark policy rate unchanged at a record high of 22% ahead of International Monetary Fund’s (IMF) first review under the $3 billion loan programme. “The MPC (monetary policy…