Pak Economy

Important information about Pakistan economy

Highlights of Punjab budget 2019-2020

Punjab government has presented the surplus budget for 2019=2020 with 350 billion rupees allocation for development. Taxation Measures Government has proposed taxes on businesses and professions previously not falling into the tax net. Moreover, a number of existing taxes, including stamp duty have also been increased. The government has proposed […]

پاکستان بجٹ 2019-2020 کی تفصیلات

اسلام آباد: پاکستان تحریک انصاف کے وزیرِ مملکت برائے محصولات حماد اظہر نے آج اپنی حکومت کا پہلا سالانہ بجٹ پیش کیا ہے، بجٹ کا حجم 70.22 کھرب روپے رکھا گیا ہے۔ ترقیاتی کاموں کے لیے 1800 ارب روپے مختص کیے  گئے ہیں، ٹیکس وصولیوں کا ہدف 550 ارب رکھا […]

Economic Survey of Pakistan 2018-2019 highlights

Advisor to Prime Minister of Pakistan on finance, Dr. Hafeez Sheikh launched Economic Survey for the year 2018-2019 on 10th June 2019. Following are the salient features; External sector has shown some improvement after dismal performance in FY-2018. Policy intervention has reduced current account by 27 percent to $11.56 billion […]

Overseas Pakistanis exempted from bio-metric verification

اوورسيز پاکستانی بایومیٹرک تصديق سے مستثنی قرار ۔سٹیٹ بینک نے ہدایات جاری کر دیں۔ The State Bank of Pakistan has exempted overseas Pakistanis from biometric verification and has allowed them to continue operating bank accounts in the country as the verification is aimed at unearthing fake accounts to combat money […]

Banks to provide customers account data to FBR

UPDATE: as reported in the other media, non filer account holders having 50 million rupees in their accounts will be sent letters, not 500000 as reported by the News and daily Jang. بینکوں نے ایف بی آر کو 17 جون تک ود ہولڈنگ اعداد وشمار دینے کی حامی بھرلی، 5 […]

Cycle of borrowing

By Tasneem Noorani THE PTI government is caught between the devil and the deep blue sea. When they procrastinated on signing up with the International Monetary Fund, there was unanimous condemnation, and their star finance minister was sent home. Now that they have signed up to the program, there is […]

Online facility gives relief to taxpayers

Associated Press of Pakistan ISLAMABAD: The online facility for tax registration has reduced the number of complaints due to the minimum human involvement in the procedure and provided ease to the new fillers who were hesitating due to the procedures of tax registration system.  An official of Federal Board of […]

Highlights of Amnesty/Assets Declaration Scheme 2019

Islamabad: Federal cabinet has approved Tax Amnesty/Asset Declaration scheme 2019. The aim to launch this scheme is not to collect money but to generate revenue for reviving national economy. Pakistani citizens, except for public office holders and their dependents could avail this scheme to declare all previously undisclosed assets either […]