The government on Monday tightened conditions for availing the export facilitation scheme (EFS) after manufacturers massively misused a facility intended to boost exports. The Economic Coordination Committee (ECC) of the Cabinet approved major amendments to the 2021 Export Facilitation Scheme, aiming to limit its misuse and prevent tax evasion through raw material imports. A key issue was manuf
The European Union (EU) has decided to re-review Pakistan's Generalised Scheme of Preferences Plus (GSP+) status in June 2025, despite initially granting the preferential trade status until 2027. Cotton Ginners Forum Chairman Ehsanul Haq told The Express Tribune that a team from the EU recently visited Pakistan to assess compliance with 27 conventions. EU officials have warned that failure to meet
The State Bank of Pakistan (SBP) has announced its auction calendar for Pakistan Investment Bonds (PIBs) and Market Treasury Bills (MTBs), targeting a total of Rs6.8 trillion in upcoming auctions. The calendar, issued by the Domestic Markets & Monetary Management Department, outlines the schedule and target amounts for both fixed-rate and floating-rate PIBs, as well as short-term MTBs. The SBP
Pakistan's inflation rate fell to a nearly decade-low level of 2.4% in January, bringing the central bank under pressure to further reduce interest rates to single digits by abandoning its extra-cautious monetary policy. Although the pace of increase in prices was at one of the lowest levels since November 2015, the Economic Coordination Committee (ECC) of the Cabinet on Monday "expressed conce
The federal government on Monday signed an agreement with the Saudi Fund for Development (SFD) to defer by one year a $1.2 billion payment on oil imports. State broadcaster PTV showed the signing ceremony between a delegation of the fund led by its CEO Sultan Bin Abdul Rehman Al Marshad and Prime Minister Shehbaz Sharif. The premier welcomed the signing of the oil import financing facility,