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Pakistan

Web Desk
Feb 20, 2025

IMF to give Pakistan $1b in climate finance: finance minister tells senate committee

During the meeting of Senate standing committee on climate, finance minister said that “population and climate are our main issues.

Business

Web Desk Karachi
Feb 20, 2025

Banks contribute Rs72 billion to FBR under new income tax ordinance

During the session, Finance Minister Muhammad Aurangzeb underscored the government’s commitment to increasing the taxation on bank profits to meet its financial requirements, stating, “Banks must contribute to supporting the government.”

Business

Web Desk Karachi
Feb 19, 2025

GCC key focus area for Pakistan’s export strategy, says Finance Minister

He said Pakistan’s current export value is approximately $30 billion, and the nation aims to double this figure within the next three to five years, emphasising crucial role of the GCC market, comprising Saudi Arabia, the UAE, Bahrain, Qatar, Kuwait, and Oman, in achieving this export target.

Business

Web Desk Karachi
Feb 19, 2025

Aurangzeb vows support for Pakistan’s towel industry, eyes export growth

The finance minister highlighted the role of the private sector in this effort, stating that government policies will continue to reflect a cooperative partnership.

Business

Web Desk Karachi
Feb 17, 2025

Pakistan, Saudi Arabia vow to enhance economic cooperation at AlUla Conference

The meeting highlighted potential for enhancing bilateral trade, investments, and financial collaboration, with both ministers affirming their dedication to harnessing the full potential of their countries’ strategic alliance.

Business

Web Desk Karachi
Feb 11, 2025

PM Shehbaz to meet IMF chief in Dubai ahead of crucial loan talks

This marks the third encounter between PM Sharif and Georgieva in the last ten months.

Business

Web Desk Karachi
Feb 11, 2025

New income tax ordinance aims to revise advance deposit ratio for banks

According to the new regulations, banks will be taxed at a rate of 44% for the 2025 tax year, followed by 43% for 2026, and 42% for 2027 and beyond.

Pakistan

Reuters
Feb 09, 2025

Pakistan faces big external financing risks despite economic progress

The country needs to repay over $22 billion in external debt in 2025, including nearly $13 billion in bilateral deposits.

Business

Web Desk Karachi
Jan 24, 2025

Federal budget preparations for 2025-26 begin with new timeline

The Federal Board of Revenue (FBR) has also sent out letters on January 8, 2025, to key stakeholders in both the public and private sectors, inviting them to share proposals related to tax revenue.