ISLAMABAD: In a surprise move and almost two weeks before the announcement of the budget, the federal government removed Finance Secretary Kamran Ali Afzal and posted him the secretary of the Ministry of Industries and Production, local media reported. According to a notification issued by the Establishment Division, Kamran Ali Afzal, a BS-22 officer of […]
Shaukat Tarin
Govt taking steps for promotion of industrialisation: PM
Prime Minister Imran Khan has said that the government is taking all out steps to incentivize investors for promotion of industrialization and exports in the country. He was addressing the ceremony of commercial launch of Rashakai prioritised Special Economic Zone near Nowshera on Friday. The prime minister said hurdles are being removed to facilitate the […]
Green indicators for GDP growth rate?
Amid the emerging differences in figures regarding GDP estimates and indicators, the National Accounts Committee recently announced growth rates that ironically increased the controversy surrounding the same. The State Bank of Pakistan (SBP) and the International Monetary Fund (IMF) had initially estimated rates at 2.5 percent and 1.5 percent respectively in contrast to the […]
Budgetary proposals for change
The federal government will present the budget on June 111. There are now just 15 days to the expected unveiling of the document in the House, and speculations and comments are rife. The public expectations are great, while the opposition is not very keen on the upcoming event. There is another document that is […]
Tarin says ready to provide additional funds, asks GB to rationalize outflows
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Wednesday said that the federal government was ready to cooperate with the Gilgit-Baltistan government for the provision of additional funds during the next financial year. However, he said that the Gilgit-Baltistan government should also rationalize its expenditures as the federal government was also exercising strict […]
Economic revival on a sound, sustainable footing: SBP
LAHORE: The State Bank of Pakistan (SBP) has said that Pakistan’s economic revival is on a sound and sustainable footing after the country’s Current Account Balance (CAB) posted a deficit of $200 million in April 2021, the central bank said in a tweet on Tuesday. “CAB posted a small deficit of $200mn in […]
Budget 2021-22: Govt aims for Rs5.8 trillion tax
ISLAMABAD: The Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government has informed the International Monetary Fund (IMF) has set a Rs5.8-trillion tax target for the next fiscal year 2021-22, a local daily reported on Tuesday. It has also informed the IMF that it plans to give 10% raise in salaries over and above a disparity […]
Federal budget to be presented on June 11: Tarin
ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin has said the impact of PTI government’s prudent economic policies would be witnessed in the upcoming budget. In an interview with a private news channel, he said the federal budget would be presented in the National Assembly on 11th of next month and it would provide relief […]
Tarin says PBS revamped to get proper statistics for better policy interventions
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Sunday said that the Pakistan Bureau of Statistics was revamped in order to make it an independent institution to get proper statistics for better policy interventions. Addressing a virtual press briefing, he said that it was not functioning under the Ministry of Finance. To a […]
Finance minister predicts 5% growth rate for 2022; 6% for 2023
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Sunday said that GDP growth at 3.94 percent during the current fiscal year (2020-21) was calculated in a transparent manner, predicting that the economy – based on the current trend – would grow by five percent in 2021-22 and six percent during 2022-23. Addressing a […]