The UAE’s US$3 billion deposit with the State Bank of Pakistan has contributed to alleviating the country’s financial crisis and easing pressure on foreign exchange reserves,
Finance Minister Asad Umar has announced that the government would roll out a new tax amnesty scheme ahead of the next federal budget for individuals to declare their local and foreign assets under the scheme.
Following a week of ruckus in the National Assembly (NA), the government and opposition finally agreed not to disrupt debate on the federal budget - presented on June 11 - giving leader of the opposition Shahbaz Sharif the opportunity to open up the general discussion on Wednesday.
Leader of the opposition in the National Assembly Shahbaz Sharif returned to Pakistan on Sunday amid strict security arrangements and a large gathering of Pakistan Muslim League-Nawaz (PML-N) workers.
Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund
Turkey’s government is reviving plans to transfer the central bank’s 46 billion lira ($8 billion) in legal reserves to its budget to shore it up and is also considering adjusting some tax measures as it battles recession, sources said.
Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.
India Prime Minister Narendra Modi’s government unveiled the budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off
Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices − Sensex and Nifty − fell over 2 per cent.