Tue. Jul 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
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
To achieve the apparently unachievable high revenue target the government has taken a move to consult Mr. Haroon Akhtar Khan–a former senator of PML-N for providing his assistance in the matter. The high revenue target is troublesome in such a slow economy as Pakistan is currently having. The news of discussion with Mr. Khan has been..... Read More
Federal Board of Revenue (FBR) has denied that any demand of “mini budget” was raised by IMF at conclusion of performance review. There were rumors that the demand had been made for bridging the shortfall in collection of revenues for the first 2 quarters of the current fiscal year. Sources say that the FBR officials said..... Read More
IMF staff mission has arrived for second review of performance of Pakistan under the bailout package of $6 billion. The mission will be here for 11 days. Bailout package was signed in the month of July last year followed by a shortfall in revenue in the first 7 months of the current fiscal year. Another disbursement amounting $450 million is....... Read More