The International Monetary Fund (IMF) is reported to have expressed satisfaction over the increase in the tax-to-GDP ratio by nearly 1.5 percentage points, relieving the authorities from any push for additional tax measures through a mini-budget. According to sources closely involved in ongoing discussions with the visiting IMF mission, the Federal Board of Revenue’s (FBR) revenue collection t
The National Assembly’s Standing Committee on Commerce has urged state-owned insurance companies to implement enhanced reforms to expand their coverage to underserved areas. The committee meeting was chaired by MNA Jawed Hanif Khan at the Parliament House, and the agenda focused on assessing the performance and operational scope of insurance companies operating under the Ministry of Commerce.
A panel of government officials and experts from diverse professions gathered on Wednesday to discuss the emergence of artificial intelligence, its regulation, and application for scaling businesses. They also addressed concerns regarding the technology’s ethical use and loss of jobs. The ‘AI Convergence Summit’ organised by Cygnis featured representatives from fintech, e-commerce, product desi
The country’s Advance to Deposit Ratio (ADR) has been gradually contracting and stood at 37 per cent in June, down from 41pc in December. This was revealed in the latest issue of A.F. Ferguson & Co’s PwC Banking Publication — Road to Sustainability. This year’s release features core themes like economy, credit penetration and digital transformation, carries insights from over 25 industry leader
The Privatisation Commission’s board on Wednesday rejected a Rs10 billion bid submitted by the sole bidder for the divestment of 60 per cent shares in Pakistan International Airlines Corporation Limited (PIACL), the privatisation ministry said in a statement. The board decided to refer the issue of PIA’s privatisation to the Cabinet Committee on Privatisation for further consideration. La