Farooq Baloch

Non-filers are allowed to buy cars and properties, but ex-minister is unhappy

Ismail said the government has removed the ban for whole of Pakistan in the name of overseas Pakistanis.

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Consumers to pay for losses of gas companies as govt ends subsidy

Previously, domestic users were paying between Rs110 and Rs220 for consuming up to 300 units of gas, while those exceeding this limit had to pay Rs600 (this does not include sales tax and other charges).

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Sindh govt spends 100 times more on its staff than Sindh’s people

Provincial govt to spend 70% of budget on itself

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You are likely to pay more taxes because the govt is not doing its job

If the FBR were doing its job, it would be going after businesses that cook their books and show losses to avoid paying taxes

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Pakistan lagging behind in foreign investment compared to other countries in the region

The association said foreign companies invested $2.7 billion in Pakistan in the 2017-18 financial year

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Withholding tax – a menace for the people and a darling for the FBR

The FBR collected Rs1.6 billion from direct taxes last year, 65% of which was withholding tax

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Should we care about cuts in American aid?

The State Bank of Pakistan’s dollar reserves do not depend on American aid as much as we think

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One billion iPhones vulnerable to hacking, data theft

Apple fails to fix security bug despite being alerted by Pakistani expert more than 3 months ago

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At this rate, Imran Khan will take 120 years to fund the dam

So far, only Rs2b has been collected since the fund was created by the chief justice on July 6. That is 0.1% of the target.

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PTI govt has cut petrol taxes but Pakistanis still paying more because global prices went up

Twitter was treated to a little sibling rivalry on Sept. 1 when two brothers, Finance Minister Asad Umar and ex-Sindh Governor Mohammad Zubair, had an argument about petrol taxes. Not only are they brothers in high positions, they are from bitter rivals: the PTI and PML-N. So when they argued on Twitter it was more than just…

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Meet the people chosen to help Imran Khan save the economy​

Eleven professionals from the private sector are included in the Economic Advisory Council

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Chinese banks lent Pakistan $2.2b in the last financial year

More than 60% of the money Pakistan borrowed last year was meant to keep the country’s foreign exchange reserves high enough to avoid bankruptcy

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Ex-NBP president challenges his midnight ‘WhatsApp’ suspension

I was informed about my suspension via a WhatsApp message at 1:30am, said Ahmad

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PIA, Wapda eat up Rs277b of taxpayer money in fiscal 2018

There are about 200 public sector companies and an overwhelming majority of them are in a loss

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National Savings ​creates bond for overseas Pakistanis

The finance minister believes this instrument will help overseas Pakistanis make decent profit while helping Pakistan’s economy.

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The PML-N’s last year in office saw the highest budget deficit in five years

The budget deficit in the last fiscal year, the PML-N’s last year in office, was Rs2.26 trillion, which is the highest it has been in the last five years. The statement of revenue and expenditures for the party’s last year revealed that the deficit was 6.6% of the GDP. Former finance minister Ishaq Dar of…

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The PTI’s plan for the jobless

The PTI promises to create two million jobs per year through policies that will strengthen agriculture and industrial sectors, but local and international experts say it will not be easy. Pakistan needs the IMF’s support to increase its dollar reserves, a must to improve the country’s balance of payment situation. The IMF dollars will come…

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Rupee’s comeback is temporary, further drop is on the cards

The Pakistani rupee hit an all-time high of Rs130.5 against the dollar in the open market on July 20, but rebounded sharply in the following week and closed at Rs122 on Monday. This comeback, however, is temporary because both international and local analysts say the currency may depreciate another 10% to 15% and cross Rs140…

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5 economic things to expect in the first 100 days of the PTI government

The Pakistan Tehreek-e-Insaf is in a strong position to form the government after winning a majority in the general elections earlier this week. But with power, they say comes responsibility. The change of government is taking place at a time when the country is facing challenges, especially on the economic front and the responsibility of…

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What does a dam have to do with denim in Pakistan?

Pakistan has hit its lower limit to be considered a water scarce country and may run dry by 2025 if it fails to conserve water.

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Brace for inflation as dollar hits all-time high

In other words, an average MBA program in the US just became Rs400,000 more expensive.

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