Levy on diesel hiked to Rs35/litre under IMF target

ISLAMABAD: In order to keep the POL [petrol, oil, lubricants] prices unchanged for the next fortnight, the government jacked up petroleum development levy (PDL) on high-speed diesel (HSD) by Rs2.50 per litre and increased it fro...

AGP’s concerns about ‘poor financial affairs’

No wonder the Auditor General of Pakistan (AGP) has expressed “serious concern” about the country’s “deteriorating financial affairs”. His signatures went on the report for the audit year 2023-24, after all, and there�...

15-Sep-2024 Read More

Inflation forecast cut to 9.5%

ISLAMABAD: The federal government on Friday cut its inflation forecast for August to single digit in a move that would put more pressure on the central bank to make a steep reduction in interest rate in the upcoming monetary pol...

15-Sep-2024 Read More

Tax Laws Act 2024: Murder Of Unfettered Right To Justice

The Tax Laws (Amendment) Act, 2024, which was passed by the National Assembly on April 29, 2024, and received assent from the President of Pakistan on May 3, 2024, and later amended by Finance Act 2024, amounts to...

14-Sep-2024 Read More

All eyes on IMF’s $7bn EFF

The grant of subsidies and tax incentives by the government are two measures that never escape a reprimand by the International Monetary Fund (IMF). It abhors both. In this week alone there have been two casualties on this accou...

14-Sep-2024 Read More

Superficial austerity

These are not the old days; especially when it comes to the economy and the government cannot hope to get away with well-timed, politically correct, yet quite hollow policy statements. Take the finance division’s notification ...

14-Sep-2024 Read More