Pakistan: Fund created to mitigate oil price shocks
The government on Monday notified a new head of account to establish a price stabilisation fund for petroleum products, following a June 5 decision by the federal cabinet. “All proceeds…
Pakistan poised for significant fuel price cut
Pakistan is set to slash retail fuel prices in its upcoming fortnightly review, with estimates pointing to reductions of up to Rs20 per litre on petrol and as much as…
Pakistan: Fast-Moving Consumer Goods sector faces tax strain
The withholding and advance tax system of the Federal Board of Revenue (FBR) is creating difficulties and administrative complications for the Fast-Moving Consumer Goods (FMCGs) sector, particularly the food industry,…
Pakistan economy to maintain ‘positive momentum’, LSM to recover, says Finance ministry
Pakistan’s economy is projected to maintain its “positive momentum” in the coming months, driven by industrial growth, improved governance, digitalisation, and prudent macroeconomic management, the Ministry of Finance said in…