FinMin Aurangzeb discusses Pakistan’s reform agenda with US State Dept’s Donald Lu

Assistant Secretary Donald Lu (left) and Principal Deputy Assistant Secretary Elizabeth Horst of US State Department meet Finance Minister Mohammad Aurangzeb at the World Bank headquarter in Washington on April 18, 2024. — X/@Financegovpk WASHINGTON: A high-level meeting between Finance Minister Muhammad Aurangzeb and United States State Department Assistant Secretary Donald Lu discussed Pakistan’s reform […]

World Bank projects Pakistan’s economic growth at just 1.8% in FY24

An undated image of World Bank Headquarters in Washington DC. — AFP With nearly 40% of Pakistan’s population slipped below the poverty line amid skyrocketing inflation, the World Bank (WB) on Tuesday projected cash-strapped nation’s economy to grow by only 1.8% in the current fiscal year ending June 2024. According to World Bank’s latest “Pakistan […]

Overhauling Pakistan’s tax system | The Express Tribune

KARACHI: I A Mayburov (2007) defines the Tax System as ‘a system that is a principle-based integral unity of its main interconnected and interrelated elements. These elements are the regulatory legal basis of taxation, the set of taxes and fees, the payers of taxes and fees, and the mechanism of tax administration’. Considering these elements […]

Business tycoon Mian Mansha, others recognised as Pakistan’s highest taxpayers

Prime Minister Muhammad Shehbaz Sharif presents awards to the highest taxpayers and exporters of the country at the Tax Excellence Awards 2024, in Islamabad on March 26, 2024. — PID   Pakistan’s compliant taxpayers — including traders and businessmen — were lauded and rewarded for their positive contribution to the country’s economy during the Tax Excellence Awards 2024 […]

Aurangzeb ‘better choice’ to manage Pakistan’s economy ahead of IMF talks: analysts

Muhammad Aurangzeb officially takes over the responsibility as Finance Minister of Pakistan in Islamabad, on March 11, 2024. — Ministry of Finance Analysts termed former JPMorgan banker Muhammad Aurangzeb as a “better choice” to manage the country’s economy ahead of the crucial negotiations with the International Monetary Fund (IMF) for a fresh bailout package this […]

IMF refuses to be entangled in Pakistan’s electoral dispute | The Express Tribune

ISLAMABAD: The Pakistan Tehreek-e-Insaf’s (PTI) attempt to block the next multi-billion-dollar bailout package backfired on Friday after the International Monetary Fund (IMF) refused to interfere in Pakistan’s politics but encouraged the country to hold fair resolution of all electrical disputes. PTI founder Imran Khan had penned a letter to the IMF, urging the global lender […]

Moody’s upgrades Pakistan’s banking sector outlook to ‘stable’ | The Express Tribune

Moody’s Investors Service has upgraded the outlook of Pakistan’s banking sector from ‘negative’ to ‘stable’, citing easing macro challenges and fiscal pressures. In its report, the agency highlighted the solid profitability and stable funding of banks, which provided a buffer against the country’s macroeconomic challenges and political uncertainties. The report forecasts a modest growth of […]

Pakistan’s mobile industry produces 84.4m devices defying economic woes

A representational image of a mobile shop in Pakistan. — AFP/File  Despite worrying economic indicators and financial woes that have gripped Pakistan, the country’s mobile industry has managed to defy the odds stacked against it by producing an impressive 84.4 million mobile devices between January 2019 and September 2023.  The revelation, made in a Pakistan Telecommunication […]

Imran Khan top pick for Pakistan’s economic revival: Bloomberg Survey

(From left) PML-N supremo Nawaz Sharif, PTI founder Imran Khan and PPP Chairman Bilawal Bhutto-Zardari. — AFP/X/@ForeignOfficePk/File Pakistan’s top economic minds have placed their bets on former prime minister Imran Khan to steer the country out of the economic crisis after undertaking reforms, according to a Bloomberg survey. The Pakistan Tehreek-e-Insaf (PTI) founder, who is […]

Nawaz Sharif’s tenure ‘best’ for Pakistan’s economy: analysis

Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif. — X/@pmln_org A recent analysis has revealed that Pakistan’s economy had the best performance in the past three decades under Nawaz Sharif’s premiership as compared to his opponents.  According to Bloomberg Economics, Sharif’s PML-N scored better than Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) and Bilawal Bhutto Zardari’s Pakistan Peoples Party (PPP). […]

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