Tue, 21-Oct-2025

President Alvi praises PTI govt’s economic performance and welfare initiatives

arif alvi

Presi­dent Dr. Arif Alvi on Monday addressed a joint sitting of parliament marking the start of the fourth parliamentary year of the National Assembly. Alvi started his speech by congratulating the members of parliament on the start of the new parliamentary year and uttered the wish that democratic standards and “tradition of tolerance” thrived in … Read more

Pakistan needs to attain 7% economic growth: Tarin

Pakistan needs to attain 7% economic growth: Tarin

ISLAMABAD: Pakistan needs to achieve economic growth of up to 7 per cent and for realising this goal, there was a dire need for economic stability, a senior government official said. Addressing virtually on “Pakistan’s Economy – Fragility and Smart Action Strategy” National Workshop Balochistan-7, Federal Finance and Revenue Minister Shaukat Tarin said that the … Read more

PM Imran Lauds FBR’s Efforts For Achieving A “Historic” Milestone

Kashmir Martyrs Day PM Imran pays tribute

Prime Minister Imran Khan has on Saturday (today) praised the efforts of the Federal Board of Revenue (FBR) for achieving a “historic” milestone of Rs 4,000 billion in any year for the first time ever.

Taking to his Twitter handle, the premier wrote, “I commend efforts of FBR in crossing historic milestone of Rs 4,000 bn in any yr for first time ever. During Jul-May our collections reached Rs.4143 bn & still counting – 18% higher than same period last yr. This reflects broad-based economic revival spurred by govt policies.”

Earlier, the Federal Board of Revenue (FBR) had issued an explanation on the news circulating about the customs duty imposed on mobile phones.

According to the FBR, foreign travellers can register five mobile phones on their passports.

FBR further added that the difference between the payment of customs duty and taxes on a phone worth more than $500 and the registration through an identity card is about Rs 9,000.

The FBR says the V-Book module was being changed to close the gap and allow only one phone under passport registration.

The FBR said efforts were being made to resolve the issue immediately and the technical team was examining the V-book module, adding that the issue of accuracy of duties and taxes would be rectified by tomorrow.

Previously, the Federal Government had appointed Asim Ahmed as the new chairman of the Federal Board of Revenue (FBR).

Asim Ahmed, who is from the Inland Revenue group, is currently serving as Member Information Technology (IT).

The new chairman had replaced the incumbent head of the tax collecting body, Javed Ghani who had retired on April 10.

On the other hand, FBR had warned taxpayers about emails related to the Income Tax Defaulters list.

According to a statement issued by the FBR, the emails related to the income tax defaulters list were fake and these fake emails are asking to check the income tax defaulters list.

According to the FBR, attempts were being made to obtain information through phishing emails, so such fake emails should be completely ignored and immediately informed the concerned authorities.

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Pakistan witnesses strong growth despite hard IMF Programme: Shaukat Tarin

Finance Minister Vows To Make E-commerce More Sustainable Through Digitization

Pakistan witnessed a strong V-Shaped growth despite being in a hard-hitting International Monetary Fund (IMF) program, Federal Minister for Finance and Revenue, Shaukat Tarin stated on Saturday. In a tweet here the minister stated that the IMF program was required by unsustainable current account shortage and falling foreign currency reserves, and a vicious Covid 19. … Read more

Govt. is targeting 4% economic growth for ongoing fiscal year: Hammad Azhar

Hammad Azhar

The government is targeting a 4% economic growth for the ongoing fiscal year, announced the Federal Energy Minister Hammad Azhar on Saturday.

While giving an economic outlook at a press conference today in Islamabad, Hammad Azhar said that the government will also expand the “social protection programs” in the country to help the low-income groups.

Azhar said that the government managed to reach this level of economic growth because of the “prudent economic policies” that were followed despite the “negative impact of COVID-19”.

“This will not be temporary growth it will be sustained and further strengthened,” said the federal minister.

The minister said that during the first nine months of the current fiscal year, large-scale manufacturing grew by 9% and Pakistan in March only had made exports worth $3.2 billion.

Azhar said that the foreign exchange reserves of the country had reached $23 billion while remittances also increased by 39% in the current year.

The energy minister said that the cement industry has seen a record production of 17% while better crop prices have benefitted the farmers’ community.

Pakistan’s GDP Growth Is Estimated At 3.94%

Prime Minister Imran Khan on Friday told via the micro-blogging site Twitter that Pakistan’s GDP is estimated at 3.94%.

According to the Prime Minister, the National Accounts Committee has finalized the GDP growth estimate & GDP growth is estimated at 3.94%.

PM Khan said that this reflects the success of our govt’s economic policies while managing COVID 19 pandemic.

In the tweet, Prime Minister said,

“Our V-shaped recovery is balanced between 3 major sectors: agriculture, industry & services.”

[embedpost slug=”pakistan-gdp-growth-rate-projected-at-1-5-for-current-fiscal-year/”]

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PM Imran Lauds FBR’s Efforts For Achieving 57% Revenue Growth In April

PM Imran shares pictures of Buddhist temple on Twitter

Prime Minister Imran Khan has on Saturday (today) commends efforts of the Federal Board of Revenue (FBR) for achieving a “historic” growth of 57% in April 2021 than the previous year.

On his Twitter handle, the premier wrote, “I commend FBR efforts on achieving growth of 57% in April 2021 with collections recorded at Rs.384 bn compared to Rs.240 bn in April 2020. During Jul-Apr collections reached Rs.3780 bn – 14% higher than same period last yr. Shows our policies have led to broad-based econ revival.”

He, via his tweet, also informed that the revenue collection clearly shows shows our policies have led to broad-based economic revival.

Earlier, The Federal Government had appointed Asim Ahmed as the new chairman of the Federal Board of Revenue (FBR).

Asim Ahmed, who is from the Inland Revenue group, is currently serving as Member Information Technology (IT).

The new chairman had replaced the incumbent head of the tax collecting body, Javed Ghani who had retired on April 10.

On the other hand, FBR had warned taxpayers about emails related to the Income Tax Defaulters list.

According to a statement issued by the FBR, the emails related to the income tax defaulters list were fake and these fake emails are asking to check the income tax defaulters list.

According to the FBR, attempts were being made to obtain information through phishing emails, so such fake emails should be completely ignored and immediately informed the concerned authorities.

Read more