Imran Ali Kundi

  • TISLAMABAD - All Pakistan Motor Dealers Association (APMDA) has expressed reservations over the government’s re-introduced certain restrictions on the import of used cars. Chairman APMDA HM Shahzad has written a letter to Prime Minister Imran Khan to express its concerns over the revision in ...

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  • TISLAMABAD - The government is seriously contemplating to allow non-taxpayers to purchase vehicles in the upcoming mini budget as the ban had adversely affected the revenue collection. The previous government of PML-N had slapped a ban on non-filers from purchasing plots and cars in the budget for ...

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  • TISLAMABAD  -   Pakistan foreign exchange reserves have declined to below $7 billion despite the fact that country received two billion dollars from Saudi Arabia recently. The country's foreign exchange reserves have declined to $6.9 billion during the week ended on January 11, 2019. ...

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  • TISLAMABAD - Pakistan’s textile exports had not increased despite 17.6 percent depreciation in local currency against the greenback during last six months of the current fiscal year. Textile exports showed paltry growth of 0.06 percent in July to December period of the ongoing financial year. ...

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  • TISLAMABAD - The large-scale manufacturing (LSM) index entered negative growth of 0.90 percent during first five months of current fiscal year, causing fears that economic growth in the country is slowing down. The LSM growth had declined by 0.90 percent in July-November period of the fiscal year ...

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  • TISLAMABAD - The government has approved a proposal to charge custom duty and taxes on all imported vehicles in ‘dollars’. The Economic Coordination Committee (ECC) of the Cabinet, which met under the chair of Finance Minister Asad Umar, considered the proposal of ministry of commerce ...

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  • TISLAMABAD  -   The Federal Board of Revenue (FBR), in the second phase, has reshuffled 17 officers on Monday. Earlier, the government had reshuffled 95 senior officers of the FBR on January 2 after facing massive shortfall of Rs170 billion in tax collection during six months (July ...

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  • TISLAMABAD - The PTI-led government is mulling to reduce the duties on imported raw materials to enhance the country’s exports in the upcoming mini budget, which would be presented in National Assembly on January 23. The government in upcoming mini budget would focus on supporting export ...

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  • TISLAMABAD  -   Pakistan’s unemployment rate slightly went down while the literacy rate improved during the previous fiscal year 2017-18. Pakistan Bureau of Statistics (PBS) on Friday released the Labour Force Survey for fiscal year 2017-18, claiming that unemployment rate ...

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  • TISLAMABAD - The Federal government has reconstituted the National Finance Commission (NFC) to finalise the new resource sharing formula between the Centre and four provinces. The President of Pakistan has reconstituted the NFC for finalizing the new National Finance Commission Award between the ...

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  • TISLAMABAD - The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved Rs4.06 billion for clearing previous liabilities of Basic Education Community Schools (BECS) in the country up to December 2018. The ECNEC meeting, which was chaired by Finance Minister Asad Umar, ...

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  • TISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Tuesday gave further three months time for putting up a plan for operationalisation of Pakistan Steel Mills (PSM), that has been closed since June 2015 due to multiple reasons. The ECC, which met under the chair of Finance ...

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  • TISLAMABAD - Apart from the foreign borrowing, the federal government’s domestic borrowing is also increasing massively as the total domestic debt surged to Rs17.3 trillion by the end of November last year. The federal government’s domestic borrowing was recorded at Rs17.3 trillion by ...

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  • TISLAMABAD - The PTI led coalition government would remain engaged in finding financing sources during its five years constitutional tenure, as Pakistan has to repay $37.6 billion as repayment against previous loans and interest payment in next five years. The incumbent government after hectic ...

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  • TISLAMABAD - Pakistan expects to receive loan package from the friendly country China within next two weeks that would help in building the country’s foreign exchange reserves. “China has not announced the loan package yet but we are expecting it will be finalized in next few ...

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  • TISLAMABAD  -   The government has reshuffled 95 senior officers of the Federal Board of Revenue (FBR) after facing massive shortfall of Rs170 billion in tax collection during six months (July to December) of the ongoing financial year. The FBR provisionally collected net revenue of ...

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  • TISLAMABAD - The government has blasted and disowned its own spokesperson for economy and energy, Farrukh Saleem, after he dared to give an independent opinion on the much-debated rupee depreciation. Saleem, who was given this position in October 2018, said on Wednesday that policy of depreciating ...

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  • TISLAMABAD - The pace of inflation slowed down to 6.2 percent in December 2018 apparently due to the decline in oil prices last month.  Inflation measured by Consumer Price Index (CPI) was only 4.6 percent in the same month of previous year, according to Pakistan Bureau of Statistics (PBS). ...

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  • TISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Tuesday directed the Ministry of Industries and Production to chalk out a plan for continuous and smooth operation of urea plants in the country throughout the year. The ECC, which was chaired by Finance Minister Asad Umar, has ...

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  • TISLAMABAD - Pakistan has borrowed $1.9 billion from bilateral, multilateral and banking sources during the first five months of the current fiscal year, which is much below than the government’s requirement. The country has got $1.86 billion during July to November period of the year 2018-19. ...

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  • TISLAMABAD  -   The Economic Coordination Committee (ECC) is scheduled to meet today (Tuesday) to consider to allow Pakistan State Oil (PSO) to import oil on deferred payment from Azerbaijan without going into bidding process. The government is likely to allow PSO to importing oil on ...

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  • TISLAMABAD  -   The government would have to pay additional Rs166.86 billion on interest payment on foreign loans during ongoing fiscal year mainly due to the sharp depreciation in local currency and increase in interest rate. The ministry of finance has upward revised the interest ...

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  • TISLAMABAD   -   Prime Minister Imran Khan Friday said that money-launderers will not be spared as the government had launched the biggest-ever action against the looters. Speaking at the concluding session of the Envoys’ Conference on economic diplomacy at the foreign ...

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  • TISLAMABAD - Finance Minister Asad Umar on Friday said that incumbent government would present the mini budget and comprehensive economic plan for next three years in mid January. He further said that government would announce the measures for export-oriented production growth of the country in the ...

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  • TISLAMABAD  -   The federal cabinet has approved appointment of Farrukh H. Sabzwari as chairman of Securities and Exchange Commission of Pakistan (SECP). The federal cabinet, which met under the chair of Prime Minister Imran Khan, approved the appointment of SECP’s Commissioner ...

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  • TISLAMABAD  -   A day after Federal Investigation Agency (FIA) raided the head office of Securities and Exchange Commission of Pakistan, the SECP on Thursday announced to extend complete cooperation to law enforcement agencies (LEAs) for the cause of transparency. Sources informed ...

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  • TISLAMABAD - The Cabinet Committee on Privatization (CCoP) has approved the privatisation of National Power Parks Management Company (NPPMCL) and Mari Petroleum Company Ltd. The CCoP meeting, which was chaired by Finance Minister Asad Umar, discussed the privatization programme. Secretary ...

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  • TISLAMABAD - The government has adopted tight cash release policy for the development projects of the country due to the tight fiscal position and revenue shortfall during six months of the ongoing fiscal year. The government has released only Rs184.5 billion for the Public Sector Development ...

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  • TISLAMABAD - Pakistan’s balance of payment crisis seems to be ended for current fiscal year as the government is expecting financial package from China and deferred oil facility from United Arab Emirates (UAE) within next few days. The UAE last week had announced to deposit $3 billion in State ...

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  • TISLAMABAD - Pakistan is unlikely to accept one of the conditions of the International Monetary Fund (IMF) for new loan programme to increase power tariff to reduce the mounting circular debt of the country. “We are not in position to further increase the power tariff as the government had ...

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