LAHORE: The Federal Board of Revenue (FBR) has set today, October 14, as the final deadline for filing tax returns for the financial year 2023-2024. After multiple extensions, today is the last chance for the public to submit their tax documents. On Sunday, the FBR confirmed the deadline extension in an official statement. The decision …
Tag Archives: GDP
Karachi Attack on Chinese Engineers, Says Muhammad Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Tuesday that Chinese engineers were killed in a suicide attack in Karachi. They were involved in crucial energy debt restructuring negotiations with the Pakistani government. This tragic event underscores the ongoing challenges Pakistan faces in maintaining security for foreign nationals working in the country. In a pre-recorded statement, …
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SBP Reserves Surge to $10.7 Billion After IMF Loan
The State Bank of Pakistan (SBP) witnessed a significant increase in its foreign exchange reserves this week. According to data released on Thursday, the reserves surged by over $1.1 billion in just seven days. This boost raised SBP’s reserves to $10.7 billion, marking the highest level since April 2022. The main driver of this increase …
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Israel Bombardment Causes 86% Decline in Gaza GDP: IMF
A year Israel’s bombardment of Palestine has severely impacted the economy of Gaza, according to the International Monetary Fund (IMF). The IMF reported a nearly 90% drop in Gaza’s Gross Domestic Product (GDP) in the first half of 2024 due to the ongoing bombardment. IMF communications chief Julie Kozack stated, “Preliminary official estimates indicate an …
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0.3% False Economic Growth Rate
Islamabad: Pakistan’s economic growth has contracted to $341.5 billion, causing a decline in its per capita income to $1,568 in the previous fiscal year. This contraction was due to minimal economic growth and currency devaluation. Amidst this scenario, a controversy has emerged regarding the verified GDP growth rate. According to provisional estimates approved by the National …