An general image of the Reko Diq mines in Balochistan. — APP/File$100bn initiative includes projects in Egypt and Europe.Investment aligns with President Trump’s energy agenda.Bank aims to secure supply chains for critical minerals.The US Export-Import Bank has announced…
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IMF board meets on December 8 to approve $1.2bn for Pakistan
The International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, US, October 9, 2016. — Reuters$1.2bn disbursement expected to arrive on December 9.Tranche consists of $1bn EFF and $200m RSF.SLA reached on October 14…
FBR’s transformation plan to boost tax-to-GDP ratio from 10.24% to 18%
A representational image showing the FBR logo. — FBR website/File
Officials highlight gap in taxes, which will be plugged via digitisation.FBR’s contribution will rise to 14%, provincial revenues by 3%.Authority’s capacity being enhanced by hiring around 1,600…
FBR dismisses PCA claim of Rs100bn revenue loss from FCA system
An undated image of the Federal Board of Revenue building in Islamabad. — APP/FileInquiry launched into report’s preparation and media leak.PCA’s claims of mis-invoicing and TBML ruled out by FBR.Shortfall exaggerated, Rs58m found versus Rs53bn claimed.
ISLAMABAD: The…