Daily Archives: October 12, 2017

Tax-to-GDP ratio falls in FY17; lowest in region: SBP

KARACHI: State Bank of Pakistan (SBP) on Thursday said that tax to GDP ratio fell to 12.5 percent in fiscal year 2016/2017 despite improvement...

WHT on banking transactions fails to discourage cash economy: SBP

KARACHI: State Bank of Pakistan (SBP) on Thursday said that the imposition of withholding tax on banking transactions apparently failed to discourage the cash...

Major reshuffle in Pakistan Customs Service; FBR notifies transfers, postings of 25 officers of...

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified major reshuffle of Pakistan Customs Service (PCS) officers in BS-19 and BS-20 and issued orders...

SBP projects swelling twin deficits in 2017/2018; forecast 6pc GDP growth, lower inflation

KARACHI: State Bank of Pakistan (SBP) has projected that the government will not able to curtail twin deficits: fiscal deficit and current account deficit...

Trade deficit widens by 29.75pc in July – September

ISLAMABAD: Pakistan’s trade deficit has widened by 29.75 percent to $9.08 billion in first quarter of current fiscal year owing to phenomenal increase in...

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