KARACI, January 20, 2019: Following are some important economic news of the last week: The government found another reason to sigh with relief as the crucial current account deficit (CAD) slipped slightly by 4.4% to $7.98 billion, driven by a fourth quarter decline of 10%, according to data released by the State Bank of Pakistan…
KARACHI, January 17, 2019: The latest edition of Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) finds Pakistan’s economic confidence fell sharply in the final quarter of 2018. The global poll of 3,800 accountants found Pakistan’s economy to be amongst the lowest in the South Asia region as it continues to…
Karachi, January 12, 2019: The Pakistan Tehrik e Insaf (PTI) government has successfully managed to generate over $12 billion for the allying Pakistan economy without borrowing from IMF. Pakistan for the last six months is facing downfall in its foreign exchange reserves due to continued external debt payment and higher import bill. Pakistan total foreign exchange…
Karachi, December 9, 2018: The Prime Minister Imran Khan promised full support to foreign investors in addressing their issues and also shared salient points of the government’s economic recovery strategy and promised to unveil in the coming weeks a proper economic reform agenda showing a clear road map for taking the country out of the…
Karachi, December 7, 2018: Tax evasion in the illicit cigarette trade surged to Rs 35 billion annually. Prime Minister Imran Khan in his public address on the completion of 100 days in government admitted that only two tobacco companies, with a market share of around 60% contribute 98% of the tobacco tax collection, whereas all…
