Trends - Finance Division - Business Recorder

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Federal govt employees: Up to 35pc ad hoc relief allowance notified

ISLAMABAD: The federal government has notified up to 35 percent Ad-hoc Relief Allowance 2023 to all the federal...

Updated 05 Jul, 2023 11:57am

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Risks undermining MTDS targets identified

ISLAMABAD: The estimates of key economic indicators are prone to certain risks and vulnerabilities that could cause...

Updated 04 Jul, 2023 09:08am

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Dar appreciates role of Chinese FIs

ISLAMABAD: Finance Minister Ishaq Dar on Monday appreciated the Chinese support to Pakistan on multiple fronts, and...

Updated 04 Jul, 2023 09:12am

Editorials

Revised budget: a detailed anatomy

EDITORIAL: Federal budget 2023-24 was passed by the National Assembly on Sunday without any meaningful discussion on...

Published 27 Jun, 2023 06:15am

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ECC approves Rs250bn to adjust excessive spending by provinces

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs250 billion to adjust excessive...

Updated 24 Jun, 2023 08:55am

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Rs76.726bn approved to keep CDMP commitment with IMF

ISLAMABAD: The government has approved an amount of Rs 76.726 billion to maintain commitment of Circular Debt...

Updated 22 Jun, 2023 08:55am

Markets

ECC approves recovery of Rs1.52 per unit surcharge from KE consumers

Also approves another summary of Ministry of Commerce regarding amendment in the relevant clause in the Import Policy Order 2022 to allow government agencies to import pharmaceutical raw materials

Updated 21 Jun, 2023 06:31pm

Pakistan

KP’s power sector: FD seeks PD’s comments on issues raised by caretaker CM

ISLAMABAD: The Finance Division has sought comments from the Power Division on power sector-related issues raised by...

Published 16 Jun, 2023 06:27am

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Sale of Passco’s damaged wheat: ECC directs ministry to resolve issue

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Ministry of National Food...

Updated 16 Jun, 2023 08:57am

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$7bn Chinese, Saudi deposits: Rs402bn paid as cost of rollovers

Economic Affairs Division, sources say, requested ECC to accord approval for provision of Technical Supplementary Grant

Updated 14 Jun, 2023 10:23am

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Amendment to Ordinance sought: MoF for transfer of petroleum levy fixation power to Cabinet

ISLAMABAD: The Ministry of Finance has proposed an amendment to the Petroleum Products (Petroleum Levy) Ordinance,...

Updated 14 Jun, 2023 08:59am

Pakistan

CMC advises Finance to release remaining census funds

ISLAMABAD: Census Monitoring Committee (CMC) advised the Finance Division for the immediate release of the remaining...

Published 08 Jun, 2023 06:30am

Markets

ECC approves fixing maximum price of 49 new drugs

Also gives approval for issuance of government of Pakistan guarantee amounting to Rs9.5bn for the project construction of Hyderabad-Sukkur motorway on build-operate-transfer basis

Published 05 Jun, 2023 08:26pm

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Reconciled arrears of previous NFC share: PM asks finance division to make payment to KP

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Finance Division (FD) to take steps for payment of reconciled...

Updated 31 May, 2023 08:59am

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FD extends LoC to PD for rescheduling of Rs283.287bn PHP debts

ISLAMABAD: The Finance Division (FD) has extended Letter of Comfort (LoC) to the Power Division till June 28, 2023...

Updated 31 May, 2023 08:56am

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Online billing solution: ECC approves Rs263.988m more funds for CGA office

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved additional funds of Rs263.988...

Updated 28 May, 2023 09:58am

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MoI&P proposes steps to meet Kharif requirements

ISLAMABAD: Ministry of Industries and Production (MoI&P) has proposed import of 0.2 million tons of urea on G2G...

Updated 24 May, 2023 08:48am

Editorials

Woeful state of economy

EDITORIAL: State Bank of Pakistan (SBP) released its half yearly ‘State of Pakistan’s Economy Report’...

Published 23 May, 2023 06:14am

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ECC approves Rs1.146bn through TSG for trade missions

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs.1.146 billion through technical...

Updated 22 May, 2023 09:07am

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Proposed policy: Local refineries: Finance Div for adequate tariff protection

ISLAMABAD: Finance Division has proposed that tariff protection enjoyed by the existing refineries in neighbouring...

Updated 21 May, 2023 09:33am

Pakistan

'False and unfounded': govt rejects reports IMF concerned about funds use for 'political purposes'

Finance Division says funds cannot be utilised for any purpose without the approval of the Parliament through the budget

Published 20 May, 2023 07:48pm

Editorials

PSDP: prudence needed

EDITORIAL: The Ministry of Finance has given a 700 billion rupee indicative budget ceiling for Public Sector...

Published 19 May, 2023 06:17am

Business & Finance

Bosal replaces Yaqoob as finance secretary

ISLAMABAD: The government has removed Secretary Finance Hamid Yaqoob Sheikh and appointed Imdadullah Bosal as new...

Published 19 May, 2023 06:17am

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PD’s FY24 uplift projects: Rs50bn indicative budget ceilings approved

The Ministry of Planning, Development and Special Initiatives advises Power Division to adjust its prioritized projects

Updated 19 May, 2023 09:01am

Pakistan

Imdadullah Bosal appointed Finance Secretary, replaces Hamed Yaqoob Sheikh

Bosal was working as Special Secretary Finance

Published 18 May, 2023 06:37pm

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Stalled bailout: Govt to stick it out despite IMF procrastination

Minister of State for Finance Aisha Ghaus Pasha says government has made considerable progress with respect to the IMF programme and does not want to detract

Updated 18 May, 2023 10:29am

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Subsidy availed under ZRI scheme: Finance Division proposes industries’ forensic audit

ISLAMABAD: The Finance Division has proposed forensic audit of industries which availed subsidy under Zero Rated...

Updated 18 May, 2023 09:34am

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$2bn Saudi deposits: Pakistan to pay 4pc annual profit

Saudi Arabia had agreed to deposit amount to meet one of the preconditions of the IMF

Updated 17 May, 2023 10:35am

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Power sector subsidy: Finance shows willingness to allocate Rs450bn

ISLAMABAD: Finance Division has reportedly shown willingness to allocate Rs 450 billion for power sector subsidy in...

Updated 17 May, 2023 09:10am

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ECC approves Rs5.57bn TSG for urea subsidy

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a technical supplementary grant...

Updated 17 May, 2023 09:08am