finance ministry

KARACHI: Failing to meet the performance criteria set by the International Monetary Fund (IMF), the country ran a primary budget deficit of Rs653.6 billion in 2020-21, according to a summary …

The investments of banks increased by 86.2pc in government securities within two years as it invested Rs6.029tr during this short span of time.

According to Finance Ministry’s documents, Credit Suisse, Deutsche Bank, Emirates NBD Capital, JPMorgan and Standard Chartered facilitated this transaction.

FBR collects Rs4,725 billion during outgoing financial year 2020-21. This is more than the Federal Board of Revenue’s annual tax collection target. Tax collections increased by 18.2% during the current …

Seeks to impose taxes on ‘suspicious’ gifts transactions among relatives that increased to Rs170b last year

How could the economy improve when “the poor is dying, he can’t get bread for a one-time meal.”

The expenses planned to be incurred on the armed services constitute 16 per cent of the total outlay of the budget, which is Rs8.48 trillion. Moreover, the allocation is 2.54 …

The revenue measures under IT will generate Rs116bn, followed by Rs215bn from ST & FED and Rs53bn from CD measures. The net revenue impact will be Rs264bn after deduction of …

Unless we move towards a growth target of 5%, 6%, 7% and 8%, the large population of our youth will not get jobs,” Shaukat Tarin said.

The $15.7 billion borrowings in fiscal year 2021-22 are higher by nearly 10% over this year’s revised estimates.