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The Ministry of Finance said KP continues to receive its full share under the NFC Award. Press Statement ISLAMABAD   (   WEB  NEWS   ) The Ministry of Finance on Saturday reaffirmed the federal government’s commitment to ensuring timely financial transfers to Khyber Pakhtunkhwa (KP) in accordance with the National Finance CommissionRead More →

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Ministry of Finance Releases Monthly Economic Update Outlook Report ISLAMBAD  (  WEB  NEWS  ) The Ministry of Finance has released its monthly Economic Update Outlook report, which indicates positive economic progress and a path toward sustainable development over the past five months. According to the outlook report issued by theRead More →

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Caretaker govt releases comparison of the debt obtained during PDM govt from 1st Feb 2023 to 16th August 2023 & Caretaker Govt from 17th August 2023 to 31st Jan 2024 ISLAMABAD  (  Web News  ) Caretaker government released the comparison of the debt obtained during PDM government from 1st FebruaryRead More →

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Ministry of Finance disbursed Rs17.4b to ECP for general elections ISLAMABAD  ( Web News  ) The Ministry of Finance has disbursed additional funds amounting to Rs17.4 billion to the Election Commission of Pakistan (ECP) in preparation for the upcoming general elections in Islamabad, it was revealed on Tuesday. This allocationRead More →

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Overseas Pakistanis remitted $27 billion to the country, which is a decrease of 13.6% compared to the previous year when remittances were recorded at $31.3 billion. The foreign exchange reserves held by the State Bank of Pakistan were recorded at $5.34 billion on July 13, 2023, The Federal Bureau ofRead More →

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ISLAMABAD ( Web News ) The federal government has enhanced Petroleum Development Levy (PDL) by five rupees per litre on petroleum products to fulfil a condition of IMF for the bailout package, ARY News reported on Saturday. The PDL has reached to Rs 55 per litre with this hike, sourcesRead More →

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SC summons report regarding issuance of Rs 21 biln from Ministry of Finance for holding elections in Punjab ISLAMABAD ( Web News ) Supreme Court of Pakistan (SCP) has summoned report from the Ministry of Finance regarding issuance of Rs 21 billion for holding elections in Punjab. According to sources,Read More →

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ICCI shows concerns over growing risks for economy ISLAMABAD ( Web News ) Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry (ICCI) has shown great concerns over the growing risks for economy as according to a report of Ministry of Finance, the escalation of geopolitical tensions and domesticRead More →

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ISLAMABAD ( Web News ) Ministry of Finance and Revenue on Saturday strongly rejected the message went viral on social media about Chinese economist. The Ministry clarified that no such meeting was held and the message in Urdu language being viral in social media with caption, “Chinese economist slaps FinanceRead More →

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ISLAMABAD ( Web News ) The Ministry of Finance said here on Wednesday that the country’s total debt to GDP ratio has decreased to 83.5 percent as on June 30, 2021 from 87.6 percent on June 30, 2020. Responding to some media reports, the statement added that both domestic andRead More →

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ISLAMABAD ( BMZ REPORT ) Social Entrepreneurship has immense potential to contribute and to give boost to overall economy of Pakistan. Thus, in the wake of federal budget for the year 2017-18, it was advisable for the government to focus upon this under explored sector that was offering the solutionsRead More →