Islamabad, October 23, 2023: In order to met another condition of International Monetary Fund (IMF), the Economic Coordination Committee (ECC) in its meeting today (Monday) approved a massive hike in gas tariff, including a zero hike in the gas circular debt for the ongoing financial year 2023-24. The Caretaker Federal Minister for Finance, Revenue, and…
Islamabad, October 23, 2023: The Economic Coordination Committee (ECC) on Monday discussed the proposal in detail and approved immediate import of 200,000 MT of Urea fertilizers. The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet. The Ministry of Industries…
Islamabad, October 23, 2023: The State Bank of Pakistan (SBP) released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23. According to the report, Pakistan’s economy faced multiple challenges during FY23, as longstanding structural weaknesses exacerbated the impact of successive domestic and global supply shocks of unprecedented nature. The…
Islamabad, October 23, 2023 :In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, SBP has increased the permissible retention limit of IT exporters from 35% to 50% of their export proceeds in the Exporters’ Specialized Foreign Currency Accounts (ESFCAs). Further, the usage of the balances available in…
Sargodha, October 23 , 2023 :Police on Monday arrested two members of a bike-lifting gang and recovered eight motorcycles from them. Police said officials conducted raid and arrested two accused, including Muhammad Sudheer and Bilal, who were involved in 10 cases of motorcycle lifting incidents in the district. A case was registered against the accused….