ISLAMABAD: A day before the announcement of new budget for the fiscal year 2022-23, the coalition government highlighted the performance of the economy for the outgoing fiscal year with provisional …
finance minister Miftah Ismail
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EconomyLatest Updates
Finance Minister Miftah flirts with ‘Petrol Bomb’ saying oil prices will further go up
by Umar Sohailby Umar Sohail“The IMF has asked for 100% withdrawal of subsidy on POL products. Once the subsidy is over, the government will have to impose taxes and petroleum levy,” Miftah said, adding …
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EconomyLatest Updates
Pakistan to receive $2.3 billion from Chinese banks soon: Miftah Ismail
by Umar Sohailby Umar SohailThe total reserves with the central bank have dropped to $9.722 billion as of May 27, 2022, while the commercial banks hold $6.048 billion reserves. The SBP’s reserves are equal …
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EconomyLatest Updates
Govt raises petrol price to record high Rs209.86 per liter, diesel increased to Rs204/liter
by Umar Sohailby Umar Sohail“Government is still facing losses of Rs8 on light diesel, Rs9 on petrol, and Rs23 on high-speed diesel,” says Finance Minister Miftah Ismail.
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EconomyLatest Updates
Pakistan-IMF agreement will be signed in June: FM Miftah
by Umar Sohailby Umar SohailThe minister said that Pakistan has requested the Fund to extend the program by one year and provide an additional $2 billion.
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EconomyLatest Updates
IMF suggests Rs1.1 trillion increase in tax collection in 2022-23
by Umar Sohailby Umar SohailMassive increase in tax collection target in upcoming financial year will require imposition of additional taxes, withdrawal of agriculture tax exemptions and increase in tax burden on the salaried class.