Aviation sector to receive Rs1.32bn under PSDP 2020-21
Rs110m allocated for installation of weather surveillance radars in Karachi and Multan; Rs519m to be spent on Gwadar Int'l Airport
PSDP 2020-21: Govt allocates Rs74.5bn for power sector projects
Of the total, Rs72.48bn will be spent on ongoing projects, while Rs2.01bn have been earmarked for new schemes
Experts urge government to bring tax reforms
LAHORE: The country’s leading tax experts and consultants said that the federal budget for 2020-21 presented on Friday failed to address the...
Govt allocates Rs1.32tr for PSDP 2020-21
--Rs650bn have been set aside for federal ministries and divisions; provinces to get Rs674bn
--Rs70bn allocated to Covid-19 responsive; Rs52.4bn development outlay for...
FBR’s tax collection target revised downwards to Rs4.963tr
ISLAMABAD: The Federal Board of Revenue’s (FBR) tax collection target for the next fiscal year has been set at Rs4.963 trillion, according...
FBR waives off over Rs1tr in taxes in FY19-20
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government has given Rs1,149billion tax exemption to influential sectors during the second year of its government.
According to Economic...
KP govt to seek Rs24bn more in agri loans from World Bank
PESHAWAR: The provincial government has decided to take an additional loan of Rs24 billion from the World Bank to irrigate 790,000 acres...
SBP reserves drop by $266mn to $10.1bn
KARACHI: The net foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased $266 million to $10.096 billion, during the...
Govt adds Rs2.5tr to public debt in nine months
--Pakistan's external debt reached $110bn by end-March
--Interest servicing consumed 40pc of the revenue collected in 9MFY20
ISLAMABAD: Although the Pakistan Tehreek-e-Insaf (PTI) government...
PHC grills NAB over inaction on petrol, fuel shortage
PESHAWAR: A Peshawar High Court (PHC) bench on Wednesday grilled the National Accountability Bureau (NAB) for "being selective in its approach to...
ECC approves Rs480m risk allowance for healthcare workers
Committee also approves Rs22bn worth technical supplementary grants for different ministries and institutions
Substandard hardware sold to DISCOs behind extraordinary line losses: CCP
ISLAMABAD: The Competition Commission of Pakistan (CCP)'s inquiry committee has alleged "embezzlement of billions of rupees" in the supply of line hardware...
Pakistan cannot afford a lockdown, says SBP Governor Reza Baqir
KARACHI: Lockdowns are a luxury of the rich, and countries like Pakistan cannot afford them, according to the State Bank of Pakistan...
ECC approves EV policy for motorcycles, rickshaws, heavy commercial vehicles
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved Electric Vehicle (EV) policy for 2-3 wheelers and heavy commercial vehicles.
According to sources,...
PTA asks corporations to register VPNs or have their IPs blacklisted
ISLAMABAD: Pakistan Telecommunication Authority (PTA) has started the registration of Virtual Private Networks (VPNs), warning that IP addresses with unregistered VPNs would...