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

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).

Provincial govt to spend 70% of budget on itself

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

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

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

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

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

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.

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…

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

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

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

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

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

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…

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…

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…

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…

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.

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