The cumulative education expenditures by federal and provincial governments in the fiscal year 2022-23 (FY23) are estimated at 1.77 percent of GDP, which is the lowest in the region.The Economic Survey 2022-23 noted that expenditures on education-rela...
Read More »Economic Survey Highlights Import Compression as Risk to FBR’s Tax Collection
The risks to the Federal Board of Revenue (FBR) revenue outlook are unprecedented import compression, a slowdown in economic activity, and litigation of important revenue measures in the High Courts and the Supreme Court.The Economic Survey (2022-23) ...
Read More »Pakistan World’s ‘Second Largest Supplier’ of Digital Services: Economic Survey
The International Labor Organization (ILO) Flagship Report (2021) has ranked Pakistan as the second largest supplier of digital labor services, such as clerical and data entry services, creative and multimedia services, professional services, sales an...
Read More »SBP Reserves Decrease by $179 Million in One Week
The foreign exchange reserves held by the central bank declined by 4.3 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.On June 2, the foreign currency reserves held by the SBP were recorded at $3.9...
Read More »Wasim Akram Draws Parallels Between Babar Azam and Brian Lara
Former Pakistan captain, Wasim Akram, has compared the all-format captain, Babar Azam, to the legendary West Indian batter, Brian Lara, in terms of popularity.Speaking on the pre-Test Championship final show, Akram stated that Babar Azam has the same ...
Read More »PIA Increases Direct Flights to Gilgit Before Summer Holidays
Pakistan International Airlines (PIA) has increased the number of direct flights from Islamabad to Gilgit Baltistan (GB), following an increase in tourists due to the school summer vacations.The national flag carrier will now operate two flights per d...
Read More »Finance Minister Unveils Economic Survey for FY23
Finance Minister Ishaq Dar is presenting the Economic Survey for the outgoing fiscal year (FY23) at a press conference in Islamabad.According to the finance minister, the country registered gross domestic product (GDP) growth of 0.29 percent for FY23 ...
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