ISLAMABAD: The Federal Board of Revenue (FBR) has initiated the process of gathering tax proposals from all stakeholders for consideration in the upcoming budget for the fiscal year 2024-25. Three different notifications were issued on Thursday to solicit feedback from all taxpayers, including chambers of commerce and industries, associations, and trade bodies. All proposals should reach the FB
ISLAMABAD: In a rare comparison before leaving portfolio on completion of about six months, caretaker Finance Minister Dr Shamshad Akhtar on Thursday claimed better debt management — domestic and external — from all aspects than her predecessor Ishaq Dar in the PDM-led coalition government, apparently pitching for her continuation. “Borrowings in the caretaker government’s term have been lower
The nation’s battle with debt repayment has intensified amid a drop in the State Bank’s foreign exchange reserves and rising political uncertainty, currency experts said. The SBP reported on Thursday that its foreign exchange reserves fell by $44 million during the week ending Feb 16 due to debt servicing, highlighting the ongoing financial strain. Despite an uptick in remittances in Decembe
ISLAMABAD: Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund (IMF) to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official. The country will seek to negotiate an Extended Fund Facility with the IMF, the report said, adding that the talks with the global lender were expect
KARACHI: The Pakistan Stock Exchange (PSX) bounced back on Wednesday, making a U-shaped recovery and erasing losses as the resolution of internal political concerns spurred investor interest following an agreement to form a government. Earlier, trading kicked off with minor ups and downs, but somber sentiment kept the KSE-100 index activity dull for most of the day. An arrangement for power-