FTO decides Rs 17,742.16 million refund claims in 2023

ISLAMABAD, Feb 14 (APP): The Federal Tax Ombudsman (FTO) has addressed the grievances of the taxpayers by processing 8,963 cases with an implementation status of 94.07% during 2023 as compared to 73.29% last year. Likewise, requests for refund claims were also decided to the tune of Rs. 17,742.16 million in 2023 and the due amount… Continue reading FTO decides Rs 17,742.16 million refund claims in 2023

PM praises IB’s performance, role

ISLAMABAD, July 11 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday appreciated the performance and role of Intelligence Bureau (IB) in strengthening country’s solidarity, sovereignty and thwarting threats posed by the local and foreign elements. The prime minister expressed these views during a meeting with IB Director General Fawad Asadullah Khan who presented a one-year… Continue reading PM praises IB’s performance, role

Investment under CPEC to reach $62 bn by 2030: Report

ISLAMABAD, Jan 4 (APP):The total planned investment under China Pakistan Economic Corridor (CPEC) is $62 billion between FY2015 and FY2030, out of which $27.4 billion projects have been realized, with energy sector (power generation, coal mining and transmission lines) representing 76%. It covers power generation projects (both fossil fuel and renewables) of about 11 GW.… Continue reading Investment under CPEC to reach $62 bn by 2030: Report

KP, Balochistan witness spike in terrorist attacks during 2022: Report

ISLAMABAD, Dec 31 (APP): The year 2022 ended with December as the deadliest month for Pakistan while the country suffered as many as 376 terror attacks in last year that resulted in an increased number of casualties in Khyber Pakhtunkhwa (KP) and Balochistan provinces. The Center for Research and Security Studies (CRSS), in its annual… Continue reading KP, Balochistan witness spike in terrorist attacks during 2022: Report

Pakistan’s energy sector needs up to $155 bn investment until 2030: Report

ISLAMABAD, Dec 27 (APP):Pakistan’s energy sector needs investments ranging from US$62 billion to US$155 billion until the 2030, according to a report titled “CAREC Energy Outlook 2030” recently released by the Asian Development Bank (ADB). “The energy investment needs until 2030 vary significantly across the three scenarios, with estimates ranging from $62 billion to $155… Continue reading Pakistan’s energy sector needs up to $155 bn investment until 2030: Report

Public debt to GDP ratio to fall to 71.7% in FY23: WB

ISLAMABAD, Oct 17 (APP):Pakistan’s public and publicly guaranteed debt to GDP ratio is expected to fall gradually in the upcoming years from 78% recorded at the end of Fiscal Year 2021-22 (FY22) to 71.7% in FY23 and 71.9% in FY24, said a report recently published by the World Bank. “At the end of FY22, public… Continue reading Public debt to GDP ratio to fall to 71.7% in FY23: WB

Stanford report unearths Indian social media coordinated, maligning propaganda

ISLAMABAD, Sep 24 (APP): An analytical report of Stanford, a global internet observatory center, has exposed Indian government’s backed social media accounts spreading plethora of fake news and propaganda against Pakistan on popular social media platform. The report published under title, ‘My heart belongs to Kashmir: an analysis of a pro-Indian army covert influence operation… Continue reading Stanford report unearths Indian social media coordinated, maligning propaganda

CSAIL launches report on Pakistan’s power industry

ISLAMABAD, Sep 8 (APP):China Three Gorges South Asia Investment Ltd (CSAIL) Thursday launched a report titled “Overview of Pakistan’s Power Sector and its Future Outlook” that summarizes the precious practical and theoretical achievements in the construction of China Pakistan Economic Corridor (CPEC) Power Projects and looks forward to the future development direction of the industry.… Continue reading CSAIL launches report on Pakistan’s power industry

Pakistan needs enhanced financing for natural disasters: ADB

ISLAMABAD, Sep 6 (APP):Pakistan urgently needs to enhance the current disaster risk finance approach as risk retention mechanisms are insufficient to cover the losses associated with even the most frequent of flood and earthquake events, Asian Development Bank (ADB) said in a report on Tuesday. The report titled “Narrowing the Disaster Risk Protection Gap in… Continue reading Pakistan needs enhanced financing for natural disasters: ADB

Pakistan’s GDP to remain moderate in FY22, recover slightly in FY23: ADB

ISLAMABAD, Jul 21 (APP):The Asian Development Bank Thursday projected that the Gross Domestic Product (GDP) growth in Pakistan was expected to moderate in FY2022 (ended 30 June 2022) on fiscal tightening measures to manage growing demand pressures and contain external and fiscal imbalances. The growth in Fiscal Year 2023 is projected to recover slightly supported… Continue reading Pakistan’s GDP to remain moderate in FY22, recover slightly in FY23: ADB

Engro Fertilizers releases first-ever sustainability report

ISLAMABAD, Jul 1 (APP):Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has released its first-ever Sustainability Report to highlight the Company’s progress toward environmental stewardship, social responsibility, and governance (ESG) goals. The comprehensive sustainability report is based on Global Reporting Initiative (GRI) Standards and has been externally validated by an independent certification agency. The report details… Continue reading Engro Fertilizers releases first-ever sustainability report

Auditor General of Pakistan, Mr. Muhammad Ajmal Gondal presenting the annual report on the accounts of Federal Government (Civil) to President Dr. Arif Alvi at Aiwan-e-Sadr

APP14-040622 ISLAMABAD: June 04 - Auditor General of Pakistan, Mr. Muhammad Ajmal Gondal presenting the annual report on the accounts of Federal Government (Civil) to President Dr. Arif Alvi at Aiwan-e-Sadr. APP
ISLAMABAD

Governor SBP unveils special report about progress on SDGs from banking perspective

APP42-240122 KARACHI: January 24 – State Bank of Pakistan (SBP) Governor Dr Reza Baqir announces the monetary policy decision at SBP building. APP photo by M Saeed Quresh

ISLAMABAD, Mar 25 (APP):Governor State Bank of Pakistan, Dr. Reza Baqir unveiled a report titled ‘SDGs and sustainability report– Pakistan banking sector perspective’ in Dubai, according to a press release issued here on Friday. The report was launched in an event on the theme ‘The Future of Green and Sustainable Finance – The Role of… Continue reading Governor SBP unveils special report about progress on SDGs from banking perspective

Opposition uproar over transparency int’l report ‘illogical’: Farrukh

ISLAMABAD, Jan 25 (APP): Minister of State for Information and Broadcasting Farrukh Habib on Tuesday termed uproar of the opposition over recent report of Transparency International ‘illogical’ saying there was no mention of financial corruption at the government level. “There is only one report which brings total ranking of the CPI (Corruption Perception Index) down.… Continue reading Opposition uproar over transparency int’l report ‘illogical’: Farrukh

Pakistan’s GDP growing at 5%: Report

ISLAMABAD, Dec 27 (APP):The average monthly economic indicator (MEI) for the first five months of current fiscal year (2021-22) indicates that average economic (GDP) growth of Pakistan during the period could be estimated at around 5%, said a monthly report issued by the ministry of finance and revenue on Monday. So far in the current… Continue reading Pakistan’s GDP growing at 5%: Report

Pakistan’s public debt-GDP ratio to ease in FY22, FY23

ISLAMABAD, Nov 4 (APP): The World Bank has projected Pakistan’s debt to Gross Domestic Product (GDP) ratio to ease to 90.6% in current fiscal year to and to 89.3% in next fiscal year 2022-23. The World Bank in its recent report “Pakistan Development Update October 2021” said that the total debt to GDP ratio had… Continue reading Pakistan’s public debt-GDP ratio to ease in FY22, FY23

Differences in Pakistan’s GDP growth rate projection, due to uncertainties amid COVID: WB

The projection gap of Pakistan’s Gross Domestic Product (GDP) growth rate for the fiscal year 2020-21 and 2021-22 between the World Bank and the Pakistan government is mainly due to uncertainties stemming out of the COVID pandemic, said Country Director World Bank for Pakistan, Najy Benhassine while talking to media here on Thursday, hoping that… Continue reading Differences in Pakistan’s GDP growth rate projection, due to uncertainties amid COVID: WB

FO rubbishes Indian media’s fabricated report over GSP+ status

File photo

ISLAMABAD, July 27 (APP): Spokesperson of the Ministry of Foreign Affairs Zahid Hafeez Chaudhri Tuesday strongly rebutted a concocted news item of Asian News International (ANI), an Indian news outlet, about withdrawal of GSP+ status to Pakistan, terming it as ‘fabricated and a continuation of the India’s malicious propaganda against Pakistan’. Responding to media queries… Continue reading FO rubbishes Indian media’s fabricated report over GSP+ status

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