FATF decides to keep Pakistan on its grey list, next review in June
FATF "strongly urges" Pakistan to complete full action plan by June, warns of "action" if significant progress not made.
Tahir Sherani
FBR launches tax drive against designers, other high net worth individuals
High-end dress designers, beauticians, stylists, photographers, artists and doctors are in focus, says FBR spokesperson.
‘No prior action required’ to secure third IMF tranche, finance ministry reacts to media report
Certain sections of media had reported tough prior actions were needed before Pakistan could secure third IMF tranche.
Pakistan's progress to be discussed in week-long FATF meetings starting today
Pakistan was placed on the FATF grey list in June 2018.
IMF mission gives sunny outlook of Pakistan's economic situation as review ends
IMF press release says Pakistan has met all "structural benchmarks".
ECC ratifies PM Imran's ban on sugar exports to 'stabilise domestic prices'
Meeting chaired by Hafeez Sheikh decides against importing sugar, says "adequate stocks" available in the country.
FBR extends deadline to file tax returns till Feb 28
The initial date for filing taxes was Sep 30, 2019, which has since been extended several times.
ECC approves duty-free import of 0.3m tonnes of wheat to mitigate ongoing crisis
Committee also directs Punjab and Passco to release wheat stocks to overcome country-wide shortage.
Income tax return filing deadline extended to December 31
Companies which have paid 95pc of admitted tax liability by Sept 30 can also file tax returns by Dec 31.
ADB to invest $2 billion in energy sector over next three years
According to the Power Division, $300m were released this week for sector reform including addressing circular debt.
Russian involvement in development projects mutually beneficial, says Hammad Azhar
Azhar specifically highlights cooperation in the railway sector.
Asian Development Bank, Pakistan sign loan agreement worth $1.3 billion
$1 billion allocated for the Economic Stabilisation Programme, rest will be used to reform the energy sector.
ADB approves $1 billion emergency loan for Pakistan
Loan is part of a multi-donor economic reform programme spearheaded by the International Monetary Fund.
Asad Umar steps down as chairman of NA standing committee on finance
Committee members unanimously vote in PTI MNA Faizullah Kamoka as the new chairman.
Moody's upgrades Pakistan's outlook from negative to stable
Finance ministry welcomes upgrade, says government "remains fully committed to reforms agenda".
Govt announces reduction in petroleum prices for December
Petrol to cost Rs113.99 per litre, Rs0.25 cheaper than last month; LDO and HSD prices cut by Rs2.90 and Rs2.40.
Ongoing phase of CPEC to bring about socioeconomic benefits for people: Asad Umar
In meeting with new planning minister, Chinese envoy expresses satisfaction over the progress of CPEC projects.
Nepra notifies Rs1.83 per unit increase in electricity tariff
The tariff has been raised under monthly fuel price adjustment for electricity consumed in September.
IMF review: Performance critera for end-September met comfortably, says mission chief
"Significant progress has been made in improving the AML/CFT framework; additional work is needed before March 2020."
Amnesty schemes show 'weakness of state', Asad Umar says
FBR chairman says 191 out of 325 identified tax evaders availed tax amnesty schemes during 2018 and 2019.