Imran Ali Kundi

  • TISLAMABAD - The government yesterday said the tough decisions it had taken have begun to bear fruit as it successfully controlled the soaring budget and trade deficits during the first quarter of the current fiscal year. “The difficult decisions taken by the government have started bearing ...

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  • TISLAMABAD    -   In a major development, Dubai Land Department has agreed to provide to the government of Pakistan details of Pakistanis who purchased properties in Dubai. “We are pleased to inform that a very productive meeting has been held in Dubai on October 9 ...

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  • TISLAMABAD     -    Pakistan’s trade deficit narrowed by around 35 percent in the first quarter (July to September) of the current fiscal year mainly due to reduction in imports of the country. The country’s trade deficit was recorded at $5.73 billion ...

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  • TISLAMABAD     -      Pakistan and Asian Development Bank (ADB) Friday signed a $200 million loan agreement for additional financing to help support the Government of Pakistan’s flagship social protection program, the Benazir Income Support Program ...

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  • TISLAMABAD     -    The Federal Board of Revenue (FBR) has generated Rs7 billion in last eight months by registering imported cell phones under Devices Identification, Registration and Blocking System (DIRBS). The FBR had so far blocked 6,75,000 mobile phones under ...

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  • TISLAMABAD - Traders on Wednesday announced to observe countrywide strike on October 28 and 29 against the government’s decision of requiring them to present copy of their CNICs for the sale and purchase of goods. Talks between traders and Federal Board of Revenue (FBR) failed ...

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  • TISLAMABAD     -    Pakistan has slipped 3 ranks on the Global Competitiveness Report 2019 of the World Economic Forum (WEF) by securing 110 position among 141 countries. The WEF on Wednesday released the Global Competitiveness Report 2019, adopting a new ...

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  • TISLAMABAD     -    The Asian Development Bank (ADB) has recently approved Country Operations Business Plan (COBP) 2020-22 that would increase the average lending to Pakistan to $2.4 billion per year from earlier $1.4 billion a year. “ADB will provide $2.5 ...

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  • TISLAMABAD - The government is working on Mobile Device Manufacturing Policy that would focus on employment generation, import substitution and technology transfer. The policy envisages incentives for local manufacturing/assembly of mobile devices which will expectedly shift the focus from import of ...

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  • TISLAMABAD    -   The Asian Development Bank (ADB) has approved a $200 million loan as additional financing to help support the government of Pakistan’s flagship social protection programme, the Benazir Income Support Programme (BISP). The BISP supported more than 5 ...

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  • TISLAMABAD    -   The Federal Board of Revenue (FBR) on Monday appointed Dr Bashirullah Khan (Inland Revenue Service/BS-21) as Director General of Anti-Benami Initiative. Dr Bashirullah Khan was working as Chief Commissioner-IR, Regional Tax Office Rawalpindi. The FBR has ...

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  • TISLAMABAD   -  The PTI-led government has plans to privatise 20 public sector entities in the first phase of its privatisation programme. The privatisation of loss-making Pakistan International Airlines (PIA) has not been included in the first phase but Pakistan Steel Mills and two ...

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  • TISLAMABAD     -    Federal Board of Revenue Chairman Shabbar Zaidi has said that FBR is seriously considering to install point of sales invoicing system in all ‘big private hospitals and medical centres’ in the country.He further said that a campaign ...

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  • TISLAMABAD    -   Top military leadership has reviewed geostrategic, national security environment and ongoing situation in India-occupied Kashmir, reiterating their resolve for befitting response to any Indian misadventure. The Corps Commanders’ Conference presided ...

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  • TISLAMABAD   -   Pakistan’s overall debt would surge to Rs45.573 trillion by the end of fiscal year 2024 due to continuous borrowing from external as well internal sources. The ministry of finance has informed the National Assembly standing committee on finance and revenue ...

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  • TISLAMABAD    -    The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved separate projects, including construction of 21 km long dedicated Yellow Bus Rapid Transit-BRT Corridor linking Landhi to Numaish. The ECNEC has also approved ...

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  • TISLAMABAD    -   Federal Board of Revenue (FBR) chairman Shabbar Zaidi on Tuesday said that there should be only 12.5 percent general sales tax (GST) on basic food commodities instead of standard 17 percent. He said that former finance minister Ishaq Dar had increased the ...

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  • TISLAMABAD    -   The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns by one month due to filing of less number of returns in September 30. As many as 380,000 people have filed their income tax returns by September 30 this year as ...

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  • TISLAMABAD   -   Faisalabad Electric Supply Company (FESCO) has directed all Superintending Engineers to ensure that all the applicants of commercial and industrial power connections should be income tax return filers. FESCO has asked all Superintending Engineers to compile with ...

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  • TISLAMABAD   -   The ministry of finance has said that macro adjustment policies such as monetary tightening, exchange rate adjustments and cuts in development spending have started paying the desired results with stability and growing strength visible in many sectors of the ...

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  • TISLAMABAD   -   Pakistan has listed among the World Bank’s list of ‘Top-20 improvers in Doing Business 2020 as it improved in six areas. According to the World Bank, Pakistan improved in six areas measured by Doing Business—starting a business, dealing with ...

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  • TISLAMABAD   -   The National Price Monitoring Committee (NPMC) has directed Federal Board of Revenue (FBR) to take immediate steps to control smuggling in the country, which is creating distortions in the supply and prices of the commodities. The NPMC meeting was held on Friday ...

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  • TISLAMABAD   -  The Asian Development Bank (ADB) has warned that inflation rate would further accelerate to 12 percent in ongoing fiscal year (FY2020) because of a planned hike in domestic utility prices, taxes introduced in budget and lagged impact of currency ...

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  • TISLAMABAD   -   A parliamentary committee on Wednesday recommended the government to revive subsidy and give tax exemption to the Utility Stores Corporation (USC) to provide better products in low price to general public. The Senate Standing Committee on Industries and ...

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  • TISLAMABAD - The Federal Board of Revenue (FBR) is unlikely to compromise on enforcement of its condition regarding the Computerised National Identity Card (CNIC) numbers despite the fact that traders have announced to start protests from October 7. “The government would not back out from CNIC ...

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  • TISLAMABAD   -   Pakistan’s oil imports have reduced by over 26 percent that helped to decrease the overall imports by a one-fifth in first couple of months of the current fiscal year. The country’s had spent $1.935 billion on importing oil in July and August period ...

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  • TISLAMABAD    -    The International Monetary Fund (IMF) once again projected Pakistan’s GDP growth at a lower 2.4 percent during ongoing fiscal year but noted progress in several key areas. The country’s economic programme is off to a promising start but ...

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  • TISLAMABAD   -   The growth in large-scale manufacturing (LSM) sector shrank by 3.28 percent in July 2019 indicating that economic activities had slowed down in the country. According to the latest data released by Pakistan Bureau of Statistics (PBS), the LSM growth had declined ...

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  • TISLAMABAD    -   The State Bank of Pakistan (SBP) on Friday warned that inflation would increase in the months to come mainly due to the government’s economic policies including higher interest rate. Deputy Governor SBP Jameel Ahmed informed a parliamentary committee ...

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  • TISLAMABAD    -   Pakistan’s current account deficit has recorded decline of around 55 percent in first couple of months (July and August) of the current fiscal year mainly due to contraction in trade deficit of the country. The country’s current account deficit ...

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