ISLAMABAD: The interim government has failed to broaden the tax base, with the number of income tax return filers shrinking 35% to just under 3.9 million compared to last year, amid challenges to achieve monthly tax collection targets. The caretaker government, whose rule has now effectively ended with the oath of the new National Assembly, also remained unable to tax retailers, neither was
KARACHI: The Sindh government is collaborating with the World Bank to set up renewable energy projects in solar and wind equipment, aiming to protect the environment from greenhouse gases and Pakistan from recurrent natural disasters. Speaking at a seminar titled ‘Significance of Renewable for Karachi & Export Industry: Cost of Inaction’, Director of Alternative Energy for the Sindh Government,
ISLAMABAD: Pakistan is facing the challenge of unsustainable public debt and the new government should reach an early agreement with the International Monetary Fund (IMF) for a long-term bailout package to continue difficult reforms, said outgoing Finance Minister Dr Shamshad Akhtar on Thursday. In a departing note in the monthly economic outlook, Akhtar said that market confidence had been res
The United States has urged Pakistan to “continue working with the International Monetary Fund (IMF) and other international financial institutions towards macroeconomic reforms” for economic stability in the country. The development comes after the PTI wrote a letter to the Fund urging the lender to endorse an audit of the 2024 elections for the sake of political stability in the country, befo
The Ministry of Finance has anticipated that inflation will experience a gradual decline from this month primarily due to a decrease in the prices of perishable items. Inflation is projected to hover around 24.5-25.5 per cent in February, with expectations of a further easing to 23.5-24.5pc in March, the ministry said in its Monthly Economic Update and Outlook for February. “Despite the upwa