Economy
PTI Govt. manage to generate $12 billion for balance of payment support without IMF borrowing
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…
Imran khan promised full support to foreign investors
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…
Illicit cigarette trade causing Rs35 revenue loss annually
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…