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Imran Ali Kundi


Constitutional ambiguities didn’t let govt impose new taxes

By: Imran Ali Kundi | May 24, 2013

islamabad - The constitutional ambiguities have stopped the caretaker government from issuing the presidential ordinance for imposing new taxes.President Asif Ali Zardari on Wednesday signed the ...

No increase in GST rate: FBR chief

By: Imran Ali Kundi | May 23, 2013

ISLAMABAD  - Federal Board of Revenue Chairman Ansar Javed Wednesday denied the news that government has increased the standard rate of general sales tax (GST) by 1 per cent through presidential ...

FBR mulls taking unfriendly taxation measures in budget

By: Imran Ali Kundi | May 22, 2013

    islamabad   The Federal Board of Revenue (FBR) is mulling for unfriendly taxation measures in the budget for the next financial year 2013-14 that included increase in general sales ...

Finance ministry flouts PM’s order of funds release

By: Imran Ali Kundi | May 22, 2013

ISLAMABAD - Contrary to the direction of the prime minister to immediately release Rs 15 billion to the power sector, the Finance Ministry on Tuesday released only Rs 5 billion to the Ministry of ...

PM orders release of Rs22.5b energy funds

By: Imran Ali Kundi | May 21, 2013

      Islamabad Prime Minister Justice (r) Mir Hazar Khan Khoso has directed the Finance Ministry to immediately release Rs22.5 billion to the Water and Power Ministry for provision of ...

Provincial govts record Rs 142.2b budget surplus

By: Imran Ali Kundi | May 18, 2013

islamabad - The provincial governments have recorded budget surplus of Rs 142.288 billion during the first nine months (July-March) of the current fiscal year 2012-13 that was only Rs 4.830 billion ...

Budget deficit soars to over Rs 1,046b

By: Imran Ali Kundi | May 17, 2013

islamabad - The government failed to control the soaring budget deficit as Pakistan’s fiscal deficit reached Rs 1,046.22 billion (4.4 per cent of the GDP) during three quarters of the outgoing ...

Govt to raise PSDP funds by 25pc to Rs450b in 2013-14

By: Imran Ali Kundi | May 16, 2013

ISLAMABAD - The government has planned to keep Public Sector Development Programme (PSDP) at Rs 450 billion for the upcoming financial year 2013-14 that would be 25 percent higher than the allocation ...

FBR striving hard to achieve Rs2,050b target

By: Imran Ali Kundi | May 16, 2013

ISLAMABAD - The Federal Board of Revenue (FBR) is struggling to achieve the revised revenue collection target of Rs 2,050 billion during the ongoing financial year 2012-13 owing to the slowdown in ...

Pakistan struggling hard to achieve $27b export target

By: Imran Ali Kundi | May 14, 2013

islamabad - The government is struggling to achieve annual exports target of $27 billion during the ongoing financial year 2012-13 due to the unending power shortage in the country and global ...

LSM posted 4.26pc growth in nine months

By: Imran Ali Kundi | May 10, 2013

islamabad - Large scale manufacturing posted a growth of 4.26 per cent in the first nine months of (July-March) of the year 2012-13 from a year ago.The growth in LSM was mainly driven by increase in ...

New govt to announce Rs 3.2tr budget before mid of June

By: Imran Ali Kundi | May 08, 2013

islamabad - The new government would announce the annual budget 2013-2014 in the first or second week of the June envisaging GDP growth target at 4.5 per cent and budget deficit target at 5.8 per ...

Tackling energy problem top issue

By: Imran Ali Kundi | May 05, 2013

islamabad - Pakistan Institute of Development Economics (PIDE) published an analysis on manifestos of Pakistan’s political parties titled, “A Socio-Economic Assessment of Manifestos: ...

Growth target missed for fifth consecutive year

By: Imran Ali Kundi | May 04, 2013

islamabad - Pakistan has missed the economic growth target for the fifth consecutive year during outgoing financial year 2012-13 that shows the result of hollow economic policies of the previous ...

CPI-based inflation falls to 5.8 per cent

By: Imran Ali Kundi | May 03, 2013

ISLAMABAD - Consumer Price Index (CPI) inflation fell to 5.8 per cent in April 2013 over the corresponding period of previous year, marking a new low since 2007.Inflation based on CPI was registered ...

Country to repay IMF $533m this month

By: Imran Ali Kundi | May 02, 2013

islamabad - Pakistan’s foreign reserves would come under severe pressure within ongoing month, as country would repay $533 million to the International Monetary Fund (IMF) under Stand-by ...

Rs10b funnelled into power sector to offset shortfall

By: Imran Ali Kundi | May 01, 2013

ISLAMABAD - The cash-strapped government has further injected Rs10billion into the power sector to offset ongoing energy shortfall that has hit hard domestic and commercial electricity consumers ...

ECP static against tax evaders

By: Imran Ali Kundi | April 30, 2013

Islamabad - The Election Commission of Pakistan did not take any action against the candidates committed tax evasion as the list of 413 cases moved by the Federal Board of Revenue to the ...

Govt appoints Tahir as SECP acting chairman

By: Imran Ali Kundi | April 27, 2013

islamabad - The federal government has appointed Tahir Mahmood as acting chairman of Securities and Exchange Commission of Pakistan after Supreme Court’s decision to declared appointment of ...

More gas, subsidy okayed to cut outages

By: Imran Ali Kundi | April 27, 2013

islamabad - The caretaker government has approved a plan to overcome the unscheduled power loadshedding in the country, as additional subsidy and gas would be provided to power plants for additional ...

Pak economy output dim in last five years

By: Imran Ali Kundi | April 24, 2013

islamabad - Pakistan’s economy continued to underperformed when compared with other economies of the region as it has faced significant political, economic and constitutional challenges over ...

No respite from outages despite Rs 288b injection

By: Imran Ali Kundi | April 23, 2013

islamabad - The government seems unable to find any solution to ease power crisis in the country despite injecting Rs 288 billion into power sector in less than ten months of the ongoing financial ...

Govt spent $14.42b on oil, food imports in 9 months

By: Imran Ali Kundi | April 20, 2013

islamabad - The cash-starved government spent a huge amount of $14.429 billion on food and oil imports during nine months (July to March) of the current fiscal year (2012-2013).According to the ...

Pakistan to miss 4.2pc growth target: IMF

By: Imran Ali Kundi | April 18, 2013

ISLAMABAD : The International Monetary Fund (IMF) has projected that Pakistan could not achieve the economic growth's target of 4.2 per cent during current financial year 2012-2013 as it would remain ...

FBR constitutes 2 task forces to meet revenue target

By: Imran Ali Kundi | April 17, 2013

ISLAMABAD - The Federal Board of Revenue (FBR) has constituted two task forces to formulate policy measures to increase revenue, enhance efficiency in tax department and bring more transparency in ...

PM brings in two economic wizards

By: Imran Ali Kundi | April 16, 2013

ISLMABAD - At last the Prime Minister Mir Hazar Khan Khoso Monday brought in two economic wizards to steer out the fragile economy from existing morass.The caretaker Prime Minister Mir Hazar Khan ...

Talks with US, IMF and WB next week

By: Imran Ali Kundi | April 14, 2013

ISLAMABAD - At a time when country’s economic situation is in morass due to depleting foreign reserves and soaring budget deficit, Pakistan would hold key talks with United States of America, ...

Trade deficit shrinks by 4.86pc in 9 months

By: Imran Ali Kundi | April 13, 2013

ISLAMABAD - Pakistan’s trade deficit contracted by 4.86 per cent to $15.40 billion in first nine months (July to March) of the current financial year on the back of healthy growth in exports ...

Caretaker govt not to approach IMF

By: Imran Ali Kundi | April 12, 2013

ISLAMABAD - The caretaker government has no intention to approach IMF in near future despite the fact that foreign exchange reserves are sharply depleting that stand to cover just around two months ...

KSE index gains 41 points in another dull session

By: Imran Ali Kundi | April 12, 2013

KARACHI - Another dull session was witnessed at local bourse on Thursday with volumes remaining low. Market is in the need of any news from political and corporate fronts. Interest was seen in ...

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