Pakistan’s gross domestic product (GDP) and per capita income increased in dollar terms during 2023-24, indicating a revival in the country’s overall output compared to the previous year. However, the economy’s size remains lower than $375.449 billion recorded in FY22, indicating that GDP growth has slowed under the PMLN-led coalition government. On Wednesday, the National Accounts Committee (N
ISLAMABAD: The Central Development Working Party (CDWP) on Wednesday approved seven development projects worth Rs23 billion and recommended four projects to the Executive Committee of the National Economic Council (Ecnec) for consideration. Among these, three projects are worth Rs82.24bn, while the fourth project, Main Line (ML-1), costing $6.7bn, has been recommended to Ecnec for further consi
Unprecedented onion exports fetched $210 million during July-April FY24 at the cost of inflation-hit consumers who paid record prices for the vegetable. “Onion exports may soar to $250m by the end of the current fiscal year,” claimed All Pakistan Fruit and Vegetable Exporters Association Patron-in-Chief Waheed Ahmed, dispelling market impression that higher exports have caused a price flare-up
The Federal Board of Revenue (FBR) has so far blocked over 11,000 mobile phone SIMs of non-tax filers, according to an official. FBR spokesperson Bakhtiar Mohammad told Dawn.com that “11,252 SIMs had been blocked till May 22 (yesterday) under Income Tax General Order. He added that the tax-collecting body was “committed to promoting tax compliance and tax culture”. Earlier, it was reporte
United Arab Emirates President Sheikh Mohamed Bin Zayed Al-Nahyan on Thursday committed to investing $10 billion in multiple sectors of the Pakistani economy. A statement released by state-run Pakistan Television on social media platform X said the development came in an Abu Dhabi meeting of the UAE president with Prime Minister Shehbaz Sharif who is on a day-long visit to the Mideast nation.