government

The government is looking to increase the value of the privatization of PIA after the ban on EASA is lifted – Trendy Blogger

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The government is looking to increase the value of the privatization of PIA after the ban on EASA is lifted – Trendy Blogger

SIALKOT: Aviation Minister Khawaja Asif has welcomed the decision of the European Commission and European Aviation Safety Agency (EASA) to lift the suspension on Pakistan International Airlines (PIA), stating that the move will enhance the value of the struggling national carrier. “This is an important development for PIA’s upcoming privatization efforts. It will add significant … Read more

The government unveils a trillion-dollar economic plan amid firewall controversy – Trendy Blogger

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The government unveils a trillion-dollar economic plan amid firewall controversy – Trendy Blogger

Islamabad: Pakistan has finalized its National Economic Transformation Plan (2024-2029), which aims to position the economy at $1 trillion by 2035. The blueprint, developed by the Ministry of Planning, sets ambitious goals, including reducing poverty and increasing literacy rates. Reading and writing, IT exports will be greatly enhanced. Prime Minister Shehbaz Sharif is expected to … Read more

The government is retiring debt worth Rs 1.9 trillion amid revenue growth and low inflation – Trendy Blogger

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The government is retiring debt worth Rs 1.9 trillion amid revenue growth and low inflation – Trendy Blogger

The government announced the retirement of 1.9 trillion rupees of debt, supported by record high revenues from the Petroleum Development Levy (PDL) and big profits from the State Bank of Pakistan (SBP), driven by high interest rates and low inflation. . According to the Ministry of Finance’s monthly economic update and outlook (November 2024), the … Read more

The government did not reach budgeted deposits of $9 billion in the first four months of FY25 – Trendy Blogger

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The government did not reach budgeted deposits of billion in the first four months of FY25 – Trendy Blogger

The government has yet to receive any of the $9 billion budgeted term deposits for the first four months of the current fiscal year (July-October 2024-25), compared to $3 billion made during the same period last year, according to data from the Department of Finance. Economic Affairs (EAD). For fiscal year 2025, the government expects … Read more

A new opportunity for individual investors to access government debt securities – Trendy Blogger

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A new opportunity for individual investors to access government debt securities – Trendy Blogger

Islamabad: Retail investors can now invest directly in government debt securities, including Sukuks, marking an important step towards expanding retail participation in Pakistan’s financial markets. The Securities and Exchange Commission of Pakistan (SECP) conveyed this update to Finance Minister Muhammad Aurangzeb during his recent visit to the SECP headquarters. Government debt securities include various instruments … Read more

The government assures Chinese investors of smooth transfer of land ownership in special economic zones – Trendy Blogger

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The government assures Chinese investors of smooth transfer of land ownership in special economic zones – Trendy Blogger

ISLAMABAD: Investment and Privatization Minister Abdul Aleem Khan reiterated the government’s commitment to facilitate the entry of Chinese investors into special economic zones in Pakistan, stressing the immediate resolution of issues related to land sale and transfer. While chairing a meeting on SEZ policy in Lahore, the minister instructed the Board of Investment to coordinate … Read more

PM to ensure third party validation on all government procurement – Trendy Blogger

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PM to ensure third party validation on all government procurement – Trendy Blogger

Islamabad: Prime Minister Muhammad Shahbaz SharifOn Thursday, he directed the authorities concerned to ensure third-party verificationIncluding ensuring quality in all government purchases. After chairing a meeting held here to review good governance and public procurement,The Prime Minister also directed reforms in the organization of public procurementPower (PPRA) and purging power of any kind of influence. … Read more

Report: Pakistani banks charge fees on deposits to avoid government taxes – Trendy Blogger

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Report: Pakistani banks charge fees on deposits to avoid government taxes – Trendy Blogger

Pakistani banks are adding new fees on some savings accounts to discourage deposit inflows, as they seek to boost their loan-to-deposit ratio to avoid a punitive tax from the government. Meezan Bank Limited, the country’s largest bank by profit, said in an email to its customers that it would impose a 5% monthly fee on … Read more

The Finance Minister says the government is unveiling a new economic roadmap, and there are no plans for new taxes – Trendy Blogger

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The Finance Minister says the government is unveiling a new economic roadmap, and there are no plans for new taxes – Trendy Blogger

IslamabadFinance Minister Muhammad Aurangzeb announced on Sunday that Prime Minister Shehbaz Sharif will soon unveil a new economic roadmap, stressing that the government will not impose new taxes to address any revenue shortfall. Speaking at a press conference in Islamabad, Aurangzeb highlighted positive trends in key economic indicators, including an increase in foreign exchange reserves, … Read more

The government is asking fertilizer companies to reduce DAP by Rs 3,000 – Trendy Blogger

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The government is asking fertilizer companies to reduce DAP by Rs 3,000 – Trendy Blogger

Islamabad: The government has urged fertilizer manufacturers to reduce the price of diammonium phosphate (DAP) by Rs 3,000 per bag to ease financial pressure on farmers facing rising inflation and escalating input costs. The request was made during a meeting of the Fertilizer Review Committee chaired by Federal Minister for Industry, Production and National Food … Read more