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Oil import bill surges in 10 months
The import bill of three sectors — agriculture, textile and oil — posted positive growth.
Mubarak Zeb Khan
Reforms plan sets tax to GDP ratio target at 17pc
WB-funded project document likely to be approved by end of May and signed in June.
Big industry production contracts 10.6pc
On a year-on-year basis, large-scale manufacturing dipped by 2.93pc during the first nine months.
Those opposing IMF deal have already done the same: Hafeez
Dr Shaikh says if the electricity tariff is increased, those who consume less than 300 units will not be affected.
PTI govt unveils first amnesty scheme
Scheme passed through presidential ordinance grants people 45 days to declare undeclared assets, sales and expenditures.
Trade deficit shrinks 13pc to $26.2bn
Indicates that the government’s corrective measures against trade deficit are bearing fruits.
Customs introduces policy to curb terror financing
Procedures changed, enforcement improved to curb currency smuggling.
No attachment of defaulters’ bank accounts until approval: FBR chief
Finance secretary given additional charge of revenue division secretary
Economy suffers major setback in FY19, growth rate slows to 3.3pc
Govt has anticipated 3.8pc in agriculture, 7.6pc in industry and 6.5pc in services, thus target of 6.2pc GDP growth.
FBR seeks downward revision of collection target
Based on factors like economic activity top tax officials have requested the government to revise FBR’s annual target.
PM aide meets tax officials to break logjam over FBR slot
An official hints that the government is now considering putting off announcing the federal budget till June 10.
Chaos in FBR as govt aims for budget on May 22
Summary to appoint Shabbar Zaidi as new FBR chairman returned by the cabinet.
CPFTA-II expected to take effect from July 1: Dawood
Dawood admits that no market survey was conducted before finalising the list for consideration in the FTA.
Private sector tax expert named FBR chairman
Tax officers threaten legal action against appointment; IMF confirms Reza Baqir has resigned.
Govt allows Rs9.42 increase in petrol price
New price to come into effect from today (May 5).
SBP governor, FBR chairman shown the door
No official reason given for sudden sackings, name of new central bank chief to be announced today.
Inflation eases to 8.8pc in April
In March, the consumer price index had surged to 9.4pc, the highest level in five years.
Revenue collection posts meagre 3pc growth
Rs450bn annual shortfall in revenue collection expected by end June.
KP to seek Rs100 billion package for development of tribal districts
Provincial minister to meet PM’s adviser on finance on Friday
Technical level talks with IMF begin
Details of proposed $6-8bn bailout package will be sorted out over the next 10 days.