The findings reveal that privatization failed to meet the expectation having positive impact on fiscal deficit of Pakistan. Keywords: SOEs ( State owned Enterprises),NTN: (National Tax Number),NADRA:( (National Database and Registration Authority),PPL:Pakistan Petroleum Limited,PARCO: Pakistan Arab ...
IMF Resident Representative Pérez Ruiz said that Pakistani authorities committed to the IMF during last month's spring meetings that they would not introduce the cross-subsidy scheme in fiscal year 2023 or beyond. She said the scheme was "typically regressive and prone to abuse". ...
During the last fiscal year ending in June 2023, Pakistan earned $35.2 billion through exports of goods and services. Out of this, a significant $8.3bn, or 23.7 per cent of the total, came from the US, according to the State Bank of Pakistan (SBP). During the same year, the country ...
“The reduction in external inflows has aggravated internal and external financing issues. Pakistan has increasingly relied on monetary and central bank financing of the current account and fiscal deficits. The diversion of commercial financing to government bonds issued to finance the fiscal deficit has...
RISING INFLATION, HIGH FISCAL DEFICIT BIGGEST CHALLENGES: UMAR THE NEWS PROGRESS PUSHES PRICES SKYWARDS FOREIGN EXCHANGE REGULATION ACT TO BE AMENDED PAK-INDIA AIRSPACE CLOSURE: NATIONAL INSTITUTIONS SUFFER RS2.55 BN LOSS NO IMMUNITY TO CLOSE RELATIVES UNDER BENAMI ACT ...
It is imperative to note that India is now the world’s top arms importer with its imports exceeding by 4.7% between 2019-2023 and Russia accounting for 36% of the imports. On the contrary, Pakistan stands as the 47th highest military-spender. The Ministry of Finance has alloted $7.21bn...
Altogether, the federal and provincial governments expect to raise about $75 billion in revenue, representing 20% of $375 billion GDP for fiscal year 2023-24. This is not bad for a developing country like Pakistan. The defense allocation of Rs. 2,122, the second largest federal expenditure,...
Arthur Hector Fernandez, 29, was arrested Dec. 18, 2023 in Kingwood, TX as the result of a Dec. 14 criminal complaint filed in federal court in Houston, records show. The FBI were led to Fernandez as a suspect after viewing videos of an assault of a three-year-old child; a relative...
Tarin and the ministers of energy and industries stood by the incumbent government’s stance of 2013-18 tenure leaving behind unsustainable economic growth with borrowed money, claiming that the PTI would end its tenure in 2023 with higher sustainable growth and revenue collection of Rs. 7 trillion...
note: data are for fiscal years Taxes and other revenues 15.4% (of GDP) (2017 est.)country comparison to the world: 190 Budget surplus (+) or deficit (-) -5.8% (of GDP) (2017 est.)country comparison to the world: 178 Public debt 67% of GDP (2017 est.)67.6% of GDP (2016...