ISLAMABAD Pakistan's central bank raised its main policy rate by 100 basis points on Tuesday to 13.25%, citing increased inflationary pressures and a likely near-term rise in prices from higher utility costs.
ISLAMABAD Pakistan's government, struggling to lift revenues and cut ballooning public debt, registered around 100,000 new tax filers and expects to have raised about $450 million from a tax amnesty on hidden assets, the finance chief said on Thursday.
ISLAMABAD Pakistan on Monday increased natural gas prices by up to 200% on Monday, shortly before the International Monetary Fund (IMF) was due to decide whether to approve a $6 billion (£4.7 billion) loan for the country, which faces a balance of payment crisis.
ISLAMABAD, July 1 Pakistan on Monday increased
natural gas prices by up to 200% on Monday, shortly before the
International Monetary Fund (IMF) was due to decide whether to
approve a $6 billion loan for the country, which faces a balance
of payment crisis.
ISLAMABAD Pakistan's powerful army chief on Friday blamed "fiscal mismanagement" for the country' economic woes, days after he was appointed to a newly formed committee responsible for steering the economy.
ISLAMABAD Pakistan and the World Bank signed on Tuesday a $918 million loan agreement to support the economy, reform the tax system and broaden the revenue base.
ISLAMABAD Pakistan's government targeted a sharp hike in tax revenues on Tuesday as it presented plans for next year's budget, amid shouts and protests from opponents in parliament angry at measures set under pressure for an IMF loan agreement.
ISLAMABAD Former Pakistani President Asif Ali Zardari was arrested on corruption charges on Monday in a blow to the opposition Pakistan Peoples Party over what media said was an investigation into false bank accounts and money laundering.
ISLAMABAD Pakistan's cabinet has approved a flat tax on all cigarette packets and soft drinks to try to plug a gaping budget deficit and discourage tobacco consumption, a document seen by Reuters said.
ISLAMABAD Pakistan welcomed the first British Airways (BA) flight on Monday after a decade-long absence due to security fears, with ministers saying it will boost business, trade and tourism between the South Asian nation and Britain.