Search For "mini budget"
IMF calls on Pakistan to implement mini-budget to address revenue gap foll
Updated : 1 year, 4 months ago IST
The International Monetary Fund (IMF) has called on Pakistan to introduce a mini-budget after the nation's Federal Board of Revenue (FBR) failed to meet its tax collection targets, as reported by ARY News, citing sources on Saturday.
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Pakistan seeks assurance from Saudi Arabia to unlock IMF deal
Updated : 3 years ago IST
Saudi deposits nod is crucial for clinching the IMF deal as Pakistan facing difficulty in its talks with IMF due to China-US hostility and IMF is reluctant to give any time frame for finalising the deal while the country is in economic chaos.
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Pakistan: Federal Board of Revenue collection shows PKR 240 bn shortfall
Updated : 3 years ago IST
According to Business Recorder, after the imposition of taxes of PKR 170 billion in the mini-budget, the new annual tax target of the FBR has been fixed at PKR 7.640 trillion.
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Pakistan drops petrol bomb on inflation-hit masses after mini-budget
Updated : 3 years ago IST
The increase in the price of petroleum products was one of the preconditions of the Washington-based lender, which will lead to a hike in the already record-high inflation, coupled with the new fiscal measures undertaken through the 'mini-budget'.
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Pakistan, IMF at odds over Rs 900 billion fiscal gap
Updated : 3 years, 1 month ago IST
Meanwhile, Pakistan is contesting the fiscal gap in achieving the primary deficit. Pakistani authorities have asked the IMF for incorporating flow of reduction under the revised Circular Debt Management Plan (CDMP) and reduced the amount of required additional subsidy of Rs 605 billion again
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Pak Rupee loses ground against dollar in interbank market
Updated : 3 years, 1 month ago IST
During intraday trade, the rupee depreciated by Rs 1.17 and was trading at Rs 270. The rupee had closed at Rs 268.83 on Wednesday.
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UK PM Liz Truss appoints Jeremy Hunt as new Finance Minister
Updated : 3 years, 5 months ago IST
London [UK], October 14 (ANI): Jeremy Hunt has been appointed as Chancellor of the Exchequer of the British government on Friday after Prime Minister Liz Truss sacked Kwasi Kwarteng after the economic turmoil unleashed by his mini-budget.
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UK: British PM Liz Truss fires finance minister Kwasi Kwarteng
Updated : 3 years, 5 months ago IST
London [UK], October 14 (ANI): United Kingdom's Finance Minister Kwasi Kwarteng has been fired after serving for even less than six weeks, as the new government's September 23 plan of massive tax cuts resulted in the plunging of British government bonds.
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Pakistan 1st mini-budget of this fiscal year to render luxury imports 'out
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 20 (ANI): Pakistan's Finance Minister Miftah Ismail on Thursday unveiled fresh revenue measures of over Rs 50 billion in the first mini-budget of this fiscal year, however it will render luxury imports "out of reach" for its citizens.
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Pakistan inflation clocks to 13.76 per cent in May, highest in two-and-hal
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 2 (ANI): Pakistan's inflation rate spiralled to 13.76 per cent in May, the highest in two-and-half-year.
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IMF loans can compromise Pakistan's economic sovereignty, says expert
Updated : 4 years, 1 month ago IST
Islamabad [Pakistan], February 10 (ANI): The International Monetary Fund (IMF) has agreed to provide a USD 6 billion bailout package for Pakistan, but it can adversely affect common livelihoods and can compromise Pakistan's economic sovereignty.
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Car prices in Pak increase after passing of 'mini-budget'
Updated : 4 years, 1 month ago IST
Karachi [Pakistan], January 25 (ANI): The Sindh Excise and Taxation Department in Pakistan on Monday has increased tax on vehicles through Finance (Supplementary) Act, 2022, leading to an increase in car prices in the country, reported ARY News.
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