Pakistan News

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  • General Raheel, CIA director discuss regional security challenges

    During the meeting, the COAS specifically highlighted the need for permanent stability in the region, ISPR spokesman Director-General ISPR Lt-Gen Asim Bajwa said in a series of tweets...

    Examine: Another Sharif in WashingtonThe CIA chief discussed with Gen Raheel the opportunities presented for the future of an enduring regional peace and praised Pakistan's efforts for the Afghan reconciliation process, said Lt-Gen Bajwa...

  • Remittances: heavy reliance on GCC nations is imprudent

    Reliance on GCC nations (Saudi Arabia, UAE, Kuwait, Oman, Qatar and Bahrain) for attracting the bulk of remittances is not misplaced given the size and quality of Pakistani workforce employed there...

    “We, therefore, cannot and should not count on the GCC region for continued growth in our remittances if fresh export of the workforce is not according to their specific requirement and if Pakistan does not remain as much a favourite as...

  • Sindh’s reliance on a single tax grows

    Speaking to Dawn, Sindh’s former caretaker finance minister Shabbar Zaidi said the government’s growing reliance on a single indirect tax is not a healthy practice...

    Currently, the tax applies to a broad range of services, such as advertising, customs agents, franchise service providers, restaurants, property developers, insurance providers, shipping agents and telecommunication service providers...

  • Govt reliance on banks rising

    KARACHI: The government loaded another Rs401 billion on account of borrowing from scheduled banks during the three months through September, according to the State Bank of Pakistan (SBP)...

    Along with fast growth of foreign debt, domestic debt also sharply increased in the last two fiscal years, jumping by Rs2
  • Japan must avoid over-reliance on yen: IMF

    ” The BoJ must stand ready to expand stimulus to meet its target, though further easing without bolder structural reforms and a credible fiscal strategy could lead to over-reliance on yen depreciation to reflate the economy, it said...

  • FBR’s heavy reliance on economic agents

    Analysts believe that the heavy reliance on WHTs has made the income tax department virtually irrelevant...

    At the same time, regional tax offices (RTOs) and large taxpayer units in four cities generate the bulk of WHT revenue — Karachi, Lahore, Islamabad and Rawalpindi...

  • Indian missiles, copters, subs: Is the Reliance Group aiming too high with its ambitious defence plan?

    NEW DELHI: Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more...

    Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani's plans to turn Reliance into a major defence company may be one of his boldest...

  • Mukesh Ambani launches cheap 4G 'Reliance Jio' service in India

    MUMBAI: Mukesh Ambani, India's richest man and primary shareholder of Reliance Industries Limited (RIL), announced the launch of his mobile service network 'Reliance Jio' on Monday, The Guardian reported...

    Reliance Phone retailers are seeing a massive surge in customers as people flock to register for their Jio plan and enjoy three months of free service...

  • Govt under fire in Senate for reliance on loans

    ISLAMABAD: The government came under fire in the Senate on Thursday for piling up external and domestic loans to alarming proportions, with a warning that the trend could lead to a situation where servicing the loans becomes impossible...

    Speaking on a call attention notice, PTI Senator Syed Shibli Faraz blasted the government for an “insatiable appetite” for loans and violation of laws regarding fiscal responsibility and debt limitation
  • Growing reliance on remittances

    PAKISTAN’S reliance on remittances keeps growing even though exports have started showing a double-digit increase and prospects of foreign investment inflows look brighter...

    It seems our reliance on foreign exchange sent back home by overseas Pakistanis keeps growing...

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