KARACHI: The International Monetary Fund (IMF) has projected a decline in the government gross debt for Pakistan from 75.8 per cent of Gross Domestic Product (GDP) in 2022 to 73.6pc in 2023. The global lender projected further decline to 68.9pc in 2024. According to the IMF report “Fiscal Monitor, on the path to policy normalization” the net debt for Pakistan is projected to decrease to 68.7 per cent of the GDP in 2023 against 69.5per cent in 2022. The net debt is projected to further decline to 65per cent in 2024. The government revenue is projected at 12.2 per cent

QUETTA:Governor Balochistan, Malak Abdul Wali Khan Kakar, has said that election should be held within 90 days as enshrined in the constitution of the country, adding that neither he was having grudge with the provincial government nor was he interferi…

ISLAMABAD:Ambassador of Iran Seyyed Mohammad Ali Hosseini called on Minister for Defence, Khawaja Muhammad Asif here in Islamabad on Thursday.The Defence Minister expressed his appreciation for cordial and fraternal ties nourished by centuries old reli…

ISLAMABAD:The State Bank of Pakistan (SBP) on Thursday decided against issuing fresh currency notes on the eve of Eidul Fitr.SBP spokesperson confirmed that the bank would not issue new notes as the supply-demand gap was on the rise fueled by the peopl…

KARACHI:The Constitution of Pakistan, also known as the 1973 Constitution, is the supreme law of Pakistan, intended to guide Pakistan’s law, political culture, and system. It sets out the state’s outline, and serves to enshrine and protect the fundamen…

LAHORE:Punjab Revenue Authority (PRA) collected Rs14.930 billion in revenue in March, marking a 74% completion of the Rs190 billion annual target, said a PRA spokesperson on Thursday.It is reportedly 15.3% higher than the revenue collected at Rs12.95 b…

KARACHI:Sindh Chief Minister Syed Murad Ali Shah presiding over a joint meeting of tax collecting agencies of the province- Sindh Revenue Board, Excise and Taxation, and Board of Revenue observed that the revenue recoveries of the Board of Revenue have…