xpressing serious concerns about realty fraudulent practices across Sindh, National Accountability Bureau (NAB) Chairman retired Lt Gen Nazir Ahmed Butt has disclosed that in Karachi alone documents for 7,500 acres have been falsified leading to corruption amounting to Rs3,000 billion, according to a press release of the Association of Builders and Developers (ABAD) on Tuesday. “If we open thes
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has met Prime Minister Shehbaz Sharif during his visit to the United Arab Emirates and assured him of the lender’s support for the government’s decisive actions regarding the programme, according to a statement released on Wednesday. In a post on X, she said, “Wonderful to meet Prime Minister @CMShehbaz and his team.”
In line with a demand by the International Monetary Fund (IMF), the federal cabinet has given its nod to a proposed amendment in the Civil Servants Act 1973 that will bind government officials (BPS 17 to 22) to share details of their assets along with those owned by their family members. The cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday approved all decisions of its leg
The International Finance Corporation (IFC) has called upon Pakistan to strive for political and macro-economic stability, besides accelerating reforms, to unlock the private sector’s growth potential, doubling the investment-to-GDP ratio and ensuring prosperity in the long term. The IFC is set to mobilise about $560 million in co-financing with the United Kingdom for assisting the country i
Despite concerns that FBR’s tax collection may fall short of the Rs12.97 trillion target for the current fiscal year, the top tax authority remains hopeful of achieving the goal of raising the tax-to-GDP ratio to 10.6 per cent as outlined in the ongoing IMF programme. The tax-to-GDP ratio was recorded at around 9.6pc and 10.8pc in the first and second quarters, respectively. FBR officials antic