Tue. Apr 7th, 2020

Saima Iqbal

Saima Iqbal is a Fellow Chartered Accountant (FCA) and covers corporate news for Truestories.pk. you can reach her through saima.iqbal@truestories.pk
In an important development, The IMF has agreed to help Pakistan under its Rapid Financing Instrument (RFI) facility to defeat the impacts of Corona Virus on Pakistan’s economy. MD IMF Kristalina Georgieva confirmed that the IMF team is working closely to account for the request from Pakistan... Read More
The Supreme Court of Pakistan has permitted Air Marshall Arshad Malik to start work as the Chief executive Officer of PIA. Previously Sindh High Court had restrained him from working as Chief Executive Officer of the national flag carrier. The said decision was issued on December 23, 2019. In the hearing, a three - judges bench of Supreme Court... Read More
Finally the government has considered solving the refund issue of exporters. FBR has been directed by Dr Hafeez Shaikh , Adviser to the Prime Minister on Finance and Revenue, that a refund of approximately Rs. 15 billion should be released to the exporters within next two days. This step has been decided to solve the liquidity issues being faced ... Read More
Governor State Bank Dr Reza Baqir showed his concerns about the poor conditions of economy of Pakistan and suggested the need for difficult reforms for stabilizing the same. He was briefing the members of the national executive committee of the English Speaking Union of Pakistan (ESUP). He suggested that whenever we are considering the ... Read More
NEPRA (The Natio­nal Electric Power Regula­tory Authority) has demanded the PM to take notice of the satiation of power sector. It asked for declaration of a national power emergency; the situation requires drastic steps for resolving the matter of circular debt amounting about Rs1.93 trillion. The Regulator claims that the debt is higher than the reported... Read More
Renowned business man & Chairman of Nishat Group Mian Mohamamd Mansha has asked the government for creation of an “enabling environment” for the business community. This would help the investors to "concentrate and dedicate all efforts towards generating economic activity".... Read More
Demands raised by IMF from Pakistan are to reduce import tariff, ensure harmonization of General Sales Tax, enter into free trade agreements as well as taking ownership of underfunded SDGs (Sustainable Development Goals). A visiting staff mission of IMF met the standing committees on finance of both the houses (National Assembly and Senate). ... Read More