Trillion

The cost of Diamer-Bhasha Dam rises to Rs 1.05 trillion due to design revisions and security measures – Trendy Blogger

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The cost of Diamer-Bhasha Dam rises to Rs 1.05 trillion due to design revisions and security measures – Trendy Blogger

The cost of the Diamerpasa Dam project increased by 119.21%, rising from Rp479 billion to Rp1.05 trillion, due to revised design standards, enhanced security measures, and exchange rate fluctuations. Water Resources Minister Musadiq Malik revealed these numbers in a written response during the National Assembly session. The Minister explained that the design reviews were based … Read more

More than 33,500 tax cases worth Rs. 4.7 trillion is still pending in the courts – Trendy Blogger

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More than 33,500 tax cases worth Rs. 4.7 trillion is still pending in the courts – Trendy Blogger

Islamabad: More than 3,522 tax related cases worth Rs. 4.7 trillion remains unresolved in courts and tribunals across the country. This came during a review meeting chaired by Prime Minister Shehbaz Sharif in Islamabad today. The Prime Minister ordered immediate action in these cases. He directed the Federal Board of Revenue (FBR) to employ reputable … Read more

Pakistan’s domestic debt rose by 17.7% to Rs49 trillion due to financial pressures – Trendy Blogger

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Pakistan’s domestic debt rose by 17.7% to Rs49 trillion due to financial pressures – Trendy Blogger

Pakistan’s gross domestic debt and government liabilities rose by 17.71% to reach Rs49 trillion in November 2024, compared to Rs41.53 trillion in the same period last year, according to the latest data from the State Bank of Pakistan (SBP). On a monthly basis, domestic debt and liabilities rose by 2.85% from Rp47.53 trillion in October … Read more

SBP pumps Rs 2.43 trillion into the market – Trendy Blogger

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SBP pumps Rs 2.43 trillion into the market – Trendy Blogger

KARACHI, Jan 03 (APP): The State Bank of Pakistan (SBP) pumped Rs2,429.65 billion into the market through reverse repo purchases and Shariah-compliant Mudaraba-based open market operations (OMO) on Friday. The State Bank of Pakistan conducted open market, reverse repo purchasing (injection) operation on 03 January 2025 for 7 days and 28 days and as per … Read more

Money supply will reach Rs40.09 trillion by November 2024 – Trendy Blogger

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Money supply will reach Rs40.09 trillion by November 2024 – Trendy Blogger

The State Bank of Pakistan (SBP) reported that the total money supply in the economy reached 40.09 trillion rupees by November 2024. This represents a modest monthly increase of 0.39% from 39.93 trillion rupees in October and a significant increase year-on-year. By 13.95% compared to 35.18 trillion rupees in November 2023. Breaking down the money … Read more

The FBR faces a deficit of Rs 1 trillion to meet the IMF’s tax target by the end of December – Trendy Blogger

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The FBR faces a deficit of Rs 1 trillion to meet the IMF’s tax target by the end of December – Trendy Blogger

The Federal Board of Revenue (FBR) is facing a steep shortfall of Rs 1 trillion to meet its tax collection target of Rs 6.009 trillion for the July-December period, a key condition under Pakistan’s agreement with the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb expressed hope during a press conference on Thursday that the … Read more

FBR reveals that top 5% earners owe Rp1.6 trillion in unpaid taxes – Trendy Blogger

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More than 33,500 tax cases worth Rs. 4.7 trillion is still pending in the courts – Trendy Blogger

In an important revelation, Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langreal, revealed that the top 5% of income earners in Pakistan have outstanding tax liabilities amounting to Rs 1.6 trillion. Speaking at a press conference alongside Finance Minister Senator Muhammad Aurangzeb and Minister of State for Finance Ali Parvez Malik, Langreal … Read more

Federal government debt to rise by 3.9 trillion rupees in 2024 – Trendy Blogger

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Pakistan’s domestic debt rose by 17.7% to Rs49 trillion due to financial pressures – Trendy Blogger

The federal government’s reliance on loans continued in 2024, with its total debt increasing by 3,919 billion rupees during the year, according to a document issued by the State Bank of Pakistan (SBP). This increase is due to the significant increase in domestic debt, while external debt has witnessed a decline. Data from the State … Read more

The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

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The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

State Bank of Pakistan (SBP) Governor Jamil Ahmad announced that a drop in the key interest rate to 13% will save the government Rs1.5 trillion in interest payments during the current fiscal year (FY25). Speaking to a private news channel, the Governor of the State Bank of Pakistan said that this saving will support the … Read more

Asset management funds in Pakistan exceed Rs. 3 trillion teachers – Trendy Blogger

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Asset management funds in Pakistan exceed Rs. 3 trillion teachers – Trendy Blogger

Islamabad: Asset Management Companies (AMCs) in Pakistan have achieved a historic milestone, with their collective assets exceeding Rs. 3 trillion for the first time. This remarkable growth is due to strong inflows from individual and corporate investors, driven by attractive profit rates ranging between 20% and 25% in the current financial year. After reaching Rs. … Read more