ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday issued a notification announcing that the deadline for taxpayers filing returns using manual forms rather than its web portal has been extended until November 30. According to the notification, the tax body stated that it is discontinuing the use of manual forms to file returns in favour of digitising all of …
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday termed population and climate change as “existential issues” that Pakistan must address to realise its potential. Pakistan is home to a vast population of over 251 million, according to the World Bank. The Bank states the annual population growth rate for 2024 at 1.5 per cent, with the government’s 2023 census showing that …
RIYADH: Pakistan and Saudi Arabia on Tuesday launched the Economic Cooperation Framework, which is based on their shared economic interests and reaffirms their desire to strengthen trade and investment relations. The decision to launch the framework was taken during a Monday meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman on the sidelines of the Ninth …
ISLAMABAD: Pakistan’s economy has expanded by three per cent in fiscal year 2025 (FY25), the World Bank said in a report on Tuesday, but cautioned that growth is likely to remain the same in the next fiscal year due to the impacts of the recent floods. Earlier this month, the WB had cut its growth forecast for Pakistan by half …
ISLAMABAD: Minister of State for Finance Bilal Azhar Kayani said on Monday that export-led growth was essential to stabilise the economy, as he presented a screenshot of the country’s improving financial situation achieved through the efforts of the government. During a media talk in Islamabad, Kayani expounded on the improvement in Pakistan’s economy over the last 1.5 years, highlighting that …
ISLAMABAD: Defence Minister Khawaja Asif said on Saturday that the government was committed to making Pakistan International Airlines (PIA) a profitable institution. He made the remarks during a ceremony at the Islamabad International Airport to mark the national flag carrier’s inaugural flight from the capital to the United Kingdom (UK) after a gap of nearly five years. Last month, the …
BY GLOBAL TIMES Facing mobility challenges recently, I booked a companion service for a hospital visit. The assistant waited patiently, reminded me of my appointment, and efficiently managed the entire process. He clearly explained reimbursement procedures and knew exactly which self-service machines on each floor had shorter lines. This level of professional support significantly enhanced the medical experience. In today’s …
ISLAMABAD: Several regions of Pakistan were affected by severe flooding, bringing considerable challenges to local production and livelihoods. As a result, public welfare and health needs have become particularly urgent. To actively fulfill its corporate social responsibility and support Pakistan’s post-disaster livelihood recovery and rural revitalization, As CPEC Agricultural project company, Wuhan Qingfa Hesheng Seed Company and its partner EVYOL …
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar said on Thursday that regional connectivity was not optional, terming it essential for growth and shared progress. “Connectivity is not optional. It is essential for stability, growth and shared progress. Regional cooperation directly impacts the lives of millions of our people,” he said while addressing the Regional Transport Ministers’ Conference in …
KARACHI: The State Bank of Pakistan has partnered with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to expand local currency financing and support private sector growth in Pakistan. The agreement, signed under the International Swaps and Derivatives Association (ISDA) framework, will enable the International Finance Corporation (IFC) to manage currency risks more effectively …