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World Bank Cuts Pakistan’s GDP Forecast to 2% for FY24

Continuing effects of the August 2022 floods in Pakistan, compounded by worsening social tensions, high inflation, and policy uncertainty, are estimated to have limited growth to 0.4 percent in fiscal year 2022-23, a 1.6 percentage-point downward revi…

ECC approves Rs12b for NDMA

Economic Coordination Committee at its meeting chaired by Finance Minister Ishaq Dar in Islamabad today accorded approval for issuance of government of Pakistan guarantee amounting to 9500 million for Hyderabad-Sukkur motorway.The ECC approved twelve …

Price of Gold in Pakistan Decreases on Opening Day of the Week

The price of gold in Pakistan began the new week with a decrease of Rs. 1,000 per tola on Monday.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) decreased by Rs. 1,000 per to…

Official Roti Price Gets a Sudden Reduction in Islamabad

In a move aimed at promoting affordability and curbing profiteering, the Islamabad District Administration has announced a reduction in the price of Tandoori Roti.As per the directives of the “Price Control and Prevention of Profiteering and Hoarding …

OICCI Calls for Abolishing Super Tax in FY24 Budget

The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to remove the super tax from the budget for the next fiscal year (FY24).OICCI presented its key taxation proposals for the upcoming budget to Finance Minister Ish…

Customs Seizes Smuggled Cigarettes Worth Rs. 33.6 Million

Pakistan Customs has launched a crackdown against smuggled cigarettes throughout the country.According to a statement issued by the Federal Board of Revenue (FBR) on Sunday, godowns and stores at multiple locations in different cities have been raided…

May-9 culprits deserve no concession: Tasneem Qureshi

Minister of State for Industries and Production Tasneem Ahmad Qureshi has said elections would be held on time in the country.Talking to APP, he said Pakistan People’s Party is fully prepared to contest elections and it would win with majority in upco…

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