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Federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh said that the government had been focusing on improving the real sector growth through promotion of agriculture, industrial and services sectors of economy.
Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the week ending on March 22,
Shopping centres and markets in major cities and towns all over Pakistan wore a deserted look on Saturday as the traders observed a strike against heavy taxation introduced in the federal budget.
Finance Minister Miftah Ismail on Friday unveiled the coalition government’s maiden budget with an outlay of Rs9.5 trillion for the fiscal year 2021-22 in the National Assembly.
The International Monetary Fund concerns over fuel subsidies, current account, direct taxes; adjustments can be made to bring IMF onboard: Muftah Ismail; Pakistan hopes for staff level agreement with IMF this month.
The currency continued its downward slide against the US dollar, dropping to an all time low of 202.75 PKR in the interbank market during intraday trade on the rising demand for the greenback due to import payments, Geo News reported.
This is the seventh consecutive working day of free-fall in the rupee. The central bank has seemed helpless in controlling the speculative fall in the rupee as demand for the greenback continues to soar...
Imran questioned whether the US would demand anything in return if it decides to help Pakistan, saying he was afraid the country’s security would weaken, given their previous (the US) demands.
"IMF has asked Pakistan to take steps to function as a country and not to get into a dangerous place where the country's debt needed to be restructured. I think this demand is the most suitable expectation," she said.
Pakistan’s exports of goods and services to Germany has witnessed an increase of 8.79 percent during the eight months of financial year (2020-21) as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported.