Bill drafted to regulate veterinary sciences and animal welfare: Tanveer

PM seeks comprehensive plan for increase in revenue

ISLAMABAD, Apr 04 (APP): Prime Minister Shehbaz Sharif Thursday directed that a comprehensive plan for increase in revenue should be prepared without putting burden on the common man. While chairing a high level meeting on Ministry of Finance, he said in the next five years the tax to Gross Domestic Product (GDP) would be taken… Continue reading PM seeks comprehensive plan for increase in revenue

PM prods cabinet members to immediately move towards meeting five year roadmap targets

LAHORE, March 30 (APP): Prime Minister Muhammad Shehbaz Sharif on Saturday urged his cabinet members to immediately commence work towards achieving the targets set in a five-year roadmap as shared with all the relevant ministries. Addressing a meeting of the cabinet, the prime minister said that he had shared broad parameters of five-year plan with… Continue reading PM prods cabinet members to immediately move towards meeting five year roadmap targets

NCA approves revised first quarter GDP estimates for 2023-24

ISLAMABAD, Mar 28 (APP): The National Accounts Committee (NAC) on Thursday reviewed the quarterly estimates of Gross Domestic Product (GDP) for first and second quarter for the years 2023-24 and approved the revised first quarter estimates of 2023-24. The 108th meeting of the NAC was held with Secretary Ministry of Planning Development and Special Initiatives… Continue reading NCA approves revised first quarter GDP estimates for 2023-24

Experts warn of early solution of food security issues amid severe climate crisis

ISLAMABAD, Mar 8 (APP): With contesting priorities amidst worsening climate crisis, it is increasingly challenging to address food security, which has transcended into a human security challenge, said SDPI Executive Director Abid Qaiyum Suleri. He was speaking at a seminar titled, “Climate Change and Impacts on National Security of Pakistan” organized jointly by Sustainable Development… Continue reading Experts warn of early solution of food security issues amid severe climate crisis

Coalition partners to elect Asif Zardari as President: PM

FBR collections grow by 30% to Rs.5.1 trillion till mid February

ISLAMABAD, Feb 20 (APP):The Federal Board of Revenue (FBR) collected Rs.5.150 trillion since July 2023 to mid of February 2024 against Rs.3.973 trillion over the same period last fiscal year, showing growth of 30 percent. During the course of this period, tax refunds grew by more than 28 percent, according to press statement issue by… Continue reading FBR collections grow by 30% to Rs.5.1 trillion till mid February

Ignite inks agreement with PSL Hashoo Group

ISLAMABAD, Feb 6 (APP): Ignite National Technology Fund, a Company incorporated under the Ministry of Information Technology (IT) & Telecom on Tuesday signed an agreement with Pakistan Services Limited (PSL) Hashoo Group. The agreement led a consortium that includes Fauji Foundation, Telenor Pakistan, Change Mechanics, CyberVision International and Founder Institute to manage the National Incubation… Continue reading Ignite inks agreement with PSL Hashoo Group

A world embracing digitization presents gift to China: CIFTIS Forum

Unlocking economic potential, PBF advocates regional trade agreements for growth

ISLAMABAD, Jan 07 (APP): In a push for economic growth, the Pakistan Business Forum (PBF) has highlighted the crucial need for regional trade agreements among South Asian nations, as Chaudhry Ahmad Jawad, the Vice President of PBF, stressed the vital role of friendly relations with neighboring countries in promoting sustainable and inclusive development. This call… Continue reading Unlocking economic potential, PBF advocates regional trade agreements for growth

Fiscal deficit curtailed at 0.8% of GDP, primary surplus improves

ISLAMABAD, Jan 3 (APP): Owing to consolidated measures implemented by the government, the fiscal deficit has been curtailed to 0.8 percent of GDP during the first four months of the current fiscal year, according to latest report of the finance ministry. “Fiscal side highlights the successful implementation of consolidation measures in the first four months… Continue reading Fiscal deficit curtailed at 0.8% of GDP, primary surplus improves

No one has impunity to spread violence; State to ensure law & order: PM Kakar

LAHORE, Jan 2 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday reiterated that the State would not allow anyone to unleash violence and kill people in the name of political, ethnic and religious divides as it was its responsibility to ensure law and order. The prime minister, in a lengthy interaction with the students of… Continue reading No one has impunity to spread violence; State to ensure law & order: PM Kakar

Economic outlook stays optimistic despite challenges: Report

ISLAMABAD, Dec 27 (APP):Despite significant challenges, the overall economic outlook remained optimistic, marked by receding inflationary pressures, positive prospects in agriculture, signs of potential recovery in the industrial sector, imports, and a favorable external environment. According to Monthly Economic Update and Outlook for December issued by the ministry of finance, the optimistic economic outlook is… Continue reading Economic outlook stays optimistic despite challenges: Report

Seminar held on development journey of Bangladesh

ISLAMABAD, Dec 21 (APP):The Ministry of Planning, Development and Special Initiatives on Thursday held a seminar titled “Development Journey of Bangladesh: Lessons Learnt for Pakistan” in collaboration with International Growth Center (IGC) and Consortium for Development Policy Research (CDPR). Country Director International Growth Center (IGC) Dr Ijaz Nabi, Chief Economist Zafar ul Hassan, Additional Secretary… Continue reading Seminar held on development journey of Bangladesh

Pakistan, Team of Europe partners to allocate €179 mln to tackle water, sanitation services

ISLAMABAD, Dec 13 (APP): The government of Pakistan and Team Europe partners will allocate €179 million to address urgent water and sanitation challenges in Faisalabad and Lahore while enhancing climate resilience. Accordingly, an agreement has been signed by the European Union (EU), Germany, France, and Italy, as well as the Agence Française de Développement (AfD),… Continue reading Pakistan, Team of Europe partners to allocate €179 mln to tackle water, sanitation services

Pakistan expects raising $4.5bln this year: Shamshad Akhtar

ISLAMABAD, Dec 13 (APP): Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar said Pakistan anticipates raising approximately $4.5 billion from multilateral and bilateral sources, excluding the International Monetary Fund (IMF) in the current fiscal year (2023-24). In an interview with official flagship Journal of ICMA International, the minister saidfor the second… Continue reading Pakistan expects raising $4.5bln this year: Shamshad Akhtar

Export Advisory Council charts course for Pakistan’s $100 billion export vision

ISLAMABAD, Dec 8 (APP):The Export Advisory Council here on Friday held its inaugural meeting under the chairmanship of Caretaker Minister for Commerce, Dr. Gohar Ejaz, charting the course for Pakistan’s $100 Billion Export Vision. The council considered proposals to elevate domestic exports to $50 billion within the next five years, said a news release here.… Continue reading Export Advisory Council charts course for Pakistan’s $100 billion export vision

Fiscal deficit reduced to 0.9%, primary balance stays positive

ISLAMABAD, Dec 7 (APP):Owing to healthy growth in revenues, the fiscal deficit during the first quarter (Q1) of the current fiscal (2023-24) declined to 0.9 percent of Gross Domestic Product (GDP) compared to one percent shortfall during the same period of last year. “On the fiscal front, healthy growth in revenues outpaced the growth in… Continue reading Fiscal deficit reduced to 0.9%, primary balance stays positive

Pakistan needs energy to boost GDP growth amid power production’s crosscutting impacts: Musadik

ISLAMABAD, Dec 2 (APP):Former Minister of State for Petroleum, Senator Musadik Malik on Saturday said, “Pakistan’s 250 million people need energy, and the country do not have sufficient energy while utilisation of energy is also low, but its crucial to increase its GDP. He said environment and energy production and utilisation are closely linked due… Continue reading Pakistan needs energy to boost GDP growth amid power production’s crosscutting impacts: Musadik

Tag: GDP