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Thursday, November 15, 2018
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ISLAMABAD:  The government on Monday approved a Rs17-billion bailout package for Pakistan International Airlines (PIA) to keep the national flag carrier in the skies for the next two months amid a phenomenal increase in its losses that shot up to Rs360 billion. It is the first bailout package approved by the...
Fiscal policy, especially the FBR is going to be in tough spot with reference to ongoing negotiation with the IMF. The FBR revenue targets are reported to be Rs100 billion short from the revised numbers of Rs1.2 trillion in Jul-Oct 2018. The first quarter deficit is expected to be...
ISLAMABAD: The International Monetary Fund (IMF) visiting mission and government economic team led by Finance Minister Asad Umar will begin policy-level discussion on a new bailout package from today (Monday) with plenary meeting to focus on recent developments, government policy plan and programme overview. Sources in the Finance Ministry after...
Based on the number of aspirants desirous of getting subsidised tractors and other agricultural machinery, it appears farmers are keen to adopt mechanised farming in Sindh. The Sindh government, however, with its limited resources could cater to the needs of only a small number of growers under its Annual Development...
THE reversal of its earlier decision to subsidise gas for captive power, as part of a package to help five export industries cut their production costs, has dealt a severe blow to the fledgling Imran Khan government’s ‘credibility’ in the eyes of Punjab’s business community. The government had also announced...
ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) is set to approve a Rs66.4 billion revised plan for the Bus Rapid Transit (BRT) project in Peshawar this week. The revised plan of the BRT is being sent to Ecnec on the directives of Prime Minister Imran Khan which...
THAR: Ahead of energisation of the first Thar coal-based 660MW power project, the Sindh Engro Coal Mining Company (SECMC) — a public-private enterprise — is seeking substantial reduction in returns on future energy projects and shift in focus to gasification for fertiliser and other uses from domestic coal. The “generation...
ISLAMABAD: The government has called a meeting of the Economic Coordination Committee (ECC) of the cabinet on Monday to take up gas load management plan for the winter as complaints of low gas pressure and supply shortages have started to pour in. To be presided over by Finance Minister Asad...
KARACHI:  The government is soon going to engage the private sector to leverage China-Pakistan Economic Corridor (CPEC) projects by putting up manufacturing facilities in various sectors, announced Finance Minister Asad Umar. Many businesspersons in Pakistan have expressed reservations that they have been left out of the opportunities CPEC projects have to...
ISLAMABAD:  Pakistan’s external sector has been facing serious difficulties for over a decade. Many observers have been warning of dire consequences if the country continued to keep losing its export market share – by an estimated 1.5% annually since 2006. Unfortunately, not much attention has been paid to these sane...

Opinion

remittances unpaid

Of unpaid refunds & figure fudging — II

Everybody knows that collection shown by FBR contains blocked refunds of billons, advances from government-owned corporations and amounts extorted, though not yet due. The...