Pakistan has been ranked least costly country among 139 countries of the world. This was stated by Finance Minister Shaukat Tarin while sharing statistics in a tweet today (Sunday). https://twitter.com/shaukat_tarin/status/1495274739991867401 The headline or flood inflation based on the Consumer Price Index (CPI) has increased to a 22-month high of 12.3 per cent in December 2021, according … Read more
KARACHI: High dollar demand for external payments, depleting foreign exchange reserves and the rising oil prices in the international market are likely to keep the Pakistani rupee under pressure, experts said. However, they brushed off speculation that the rupee may fall to 200 against the dollar. “The Federal Board of Revenue (FBR) had issued notices … Read more
KARACHI: To win funding from the International Monetary Fund (IMF), Pakistan has passed a mid-year finance bill withdrawing exemptions of Rs350 billion on sales tax and a law to grant its central bank greater autonomy. The IMF set a condition of budgetary tightening for the revival of a stalled $6 billion package before the approval of … Read more
ISLAMABAD: Finally, the government has met all the conditions of the International Monetary Fund (IMF) for the review of the $6 billion programme, and the entire nation is already bearing its repercussions in the form high inflation, an economic slowdown and increase in the cost of doing business. For Finance Minister Shaukat Tarin the current … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has urged the jewellery industry to enhance the exports and, in this regard, the government will extend full support to them. During a meeting with the delegation of the jewellers association at the Finance Division on Tuesday, the adviser highlighted the importance of … Read more
KARACHI: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday inaugurated the first Professional Clearing Member (PCM) at the CDC House, Karachi, a statement said. Speaking at the occasion, Tarin said: “It is the top priority of our government to facilitate businesses and improve the ease of doing business environment. This … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday expressed concerns over not taking stakeholders in confidence to discuss the mini-budget, a statement said. FPCCI president Mian Nasser Hyatt Maggo expressed concerns over the approach of the government for not taking the apex business, industry and trade body of Pakistan into … Read more
ISLAMABAD: The Mutual Funds Association of Pakistan (Mufap) is working to promote and increase savings in the country with a diversified product range, suiting all categories of investors, an official said. During a meeting with Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin at the Finance Division on Thursday, Mufap chairman Dr … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Monday highlighted the importance of taking full advantage of new opportunities emerging out of the global economic recovery after it was hit hard by the Covid-19 during the last two years. Addressing the launching ceremony of Pakistan Single Window (PSW), one of … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Thursday expressed the hope for successful outcome of top level negotiations with the International Monetary Fund (IMF) for putting the $6 billion Extended Fund Facility (EFF) back on track. “I believe that the progress we have made to-date is really encouraging and as we say, … Read more
Federal Finance Minister Shaukat Tarin has claimed that the price of flour across the country will depreciate in a few days adding that the economy is stabilizing and the pace of inflation has slowed down. During a press conference in Islamabad, Federal Minister for Finance Shaukat Tarin said the government’s main focus is to increase … Read more
KARACHI: The economy of the country is heading in the right direction, a senior official said on Friday. In a meeting with Sindh Governor Imran Ismail at the Governor House, Finance and Revenue Minister Shaukat Tarin said that the international organisations were acknowledging Pakistan’s economic development. Enhancing the exports of the country was the top … Read more
ISLAMABAD: The government is committed to build strategic reserves of essential commodities, including sugar, wheat, pulses, edible oil/ghee, etc, to ensure price stability and prevent undue profiteering and hoarding, a senior government official said. Presiding over the meeting of the National Price Monitoring Committee (NPMC), held at the Finance Division on Monday, Federal Minister for … Read more
ISLAMABAD: Pakistan’s all major chambers of commerce and industry have expressed full confidence in the government’s business-friendly policies and measures taken for the ease of doing business and agree for consultative process for the formulation of a strategy to increase tax revenue, a statement said on Friday. The presidents of the country’s major chambers of … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee for the integration of businesses. A notification issued on Tuesday said. To rapidly increase the tax revenues by adding new taxpayers via extensive and innovative use of technology, the committee was formed on the directives of Federal Minister for Finance and Revenue Shaukat Tarin. … Read more
ISLAMABAD: The government is committed to providing essential food items at affordable prices to the consumers across the country, a senior government official said. Talking to Special Assistant to the Prime Minister on Food Security Jamshed Iqbal Cheema at the Finance Division, Finance Minister Shaukat Tarin underscored the importance of building strategic reserves of key … Read more
TASHKENT: Prime Minister Imran Khan has said that the present government was committed to remove impediments in the way of various businesses and industries, including in the pharmaceutical industry. In an interactive session with Pakistani businessmen in Tashkent, the prime minister said unnecessary regulations were also being done away with to encourage and promote the … Read more
ISLAMABAD: The government is facing the key challenge of a limited tax base and is firmly committed to expand the tax base for enhancing the revenues exponentially, a senior government official said. Reviewing the progress on broadening the tax base and integration of retailers into the Federal Board of Revenue’s (FBR) Point of Sales (POS) … Read more
