The Public Accounts Committee (PAC) voiced its concerns regarding the Finance Ministry’s briefing on the Rs. 1,240 billion COVID-19 relief package, on Wednesday, after the ministry reportedly failed to satisfy the committee.During an audit briefing of ...
Read More »Monthly Archives: December 2021
Pakistan to Present 6th Review to IMF Board Next Month
The government of Pakistan will present the sixth review of the authorities’ reform program supported by the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) on 12 January 2022.According to a spokesperson for the Ministry of Finance, Pa...
Read More »FBR Exempts Custom Duty on Import of 9 Items from Afghanistan
The Federal Board of Revenue (FBR) has exempted customs duty on the import of nine items including coal, marble, sulphur and containers from Afghanistan.The FBR has also exempted regulatory duty on the import of marble and reduced regulatory duty on im...
Read More »Pakistan’s First On-Demand Delivery Service Raises Investment
Pakistan’s first on-demand delivery marketplace, Batoor, has raised an undisclosed amount in pre-seed funding from Astore Partners.Based in the small village of Shahmansor, Swabi, Batoor was launched in January 2019 by Sanad Khan with only a meager sum...
Read More »SBP Responds to FIA Crackdown on Credit Cards Used for Cryptocurrency Trading
The State Bank of Pakistan (SBP) has stated that the Federal Investigation Agency (FIA) is the appropriate authority to investigate illegal transactions in cryptocurrencies.Responding to queries raised by ProPakistani, an SBP spokesperson said in case ...
Read More »3G/4G Users in Pakistan Reach 106.68 Million
The number of 3G and 4G users in Pakistan reached 106.68 million by the end of November 2021 as compared to 105.73 million by the end of October 2021, registering an increase of 0.95 million, according to the PTA data.The number of cellular subscribers...
Read More »COVID-19’s Impact on Pakistan’s Transport Sector: Report
The most significant impact of the COVID-19 for road and rail transport in Pakistan was on border-crossing time as trade facilitation indicator (TFI) averaged 55.7 hours, far above the 28.3 hours in 2019, states the Asian Development Bank (ADB).The ban...
Read More »