Edition:
India

Asif Shahzad

Pakistan central bank raises key interest rate to 13.25%

16 Jul 2019

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.

Pakistan amnesty draws 100,000 new tax filers, $450 million

04 Jul 2019

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.

Pakistan raises gas prices up to 200% ahead of IMF loan decision

01 Jul 2019

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.

Pakistan raises gas prices up to 200% ahead of IMF loan decision

01 Jul 2019

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.

Pakistan's army chief points to 'fiscal mismanagement' for problems

28 Jun 2019

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.

World Bank lends $918 million for Pakistan tax reforms

18 Jun 2019

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.

Watched by IMF, Pakistan targets steep rise in tax revenue

11 Jun 2019

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.

Former Pakistani president Zardari arrested on corruption charges

10 Jun 2019

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.

Pakistan cabinet approves flat tax on cigarettes, soft drinks

10 Jun 2019

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.

Pakistan sees business boost in British Airways flights resumption

03 Jun 2019

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.

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