A woman wearing a mask counts rupee notes as she walks on a street in Islamabad, April 9, 2020. — AFP Pension reforms are needed amid growing future obligations. Center, the provinces’ liability on the pension bill is close to Rs40-45tr. Retirement emoluments to be calculated 24 months before retirement. ISLAMABAD: In line with the … Read more
View of a Pakistan International Airlines (PIA) passenger plane. — APPLICATION/File The IMF waives taxes and shifts debts to help sell PIA. The resumption of European flights strengthens the prospects of privatization. Privatization to restore PIA’s competitiveness and efficiency. ISLAMABAD: Pakistan International Airlines (PIA) is set to be privatized, freed from its existing obligations, in … Read more
A representative image of pylons and power lines. — Reuters/File The Ministry of Energy writes a letter to the Ministry of Finance in this regard. The FY25 budget includes Rs 1,229 billion in energy subsidies. The IMF recommends institutionalizing anti-theft procedures. ISLAMABAD: To avoid slippages due to the escalation of circular debt agreed with the … Read more
Finance Minister Muhammad Aurangzeb addresses a press conference in Islamabad on June 13, 2024. — AFP Strengthening economic stability remains a top priority. Housing and the private sector identified as a key economic driver. The government is committed to politically supporting private companies. ISLAMABAD: Finance Minister Mohammad Aurangzeb has reiterated the government’s commitment to fulfilling … Read more