Tag Archives: inflation

Introduction: The Ministry of Finance has released its ‘Monthly Economic Update & Outlook’ for July, providing valuable insights into the current economic landscape of the country. The report presents an optimistic outlook, forecasting a decrease in inflation for July 2023 compared to the previous month, supported by various favorable factors. Additionally, it outlines improvements in the fiscal and current account …

Introduction: In a move that could significantly impact consumers and the food industry, the Pakistani government is considering implementing an 18% sales tax on packaged milk in the upcoming budget. The Federal Board of Revenue (FBR) has proposed this tax measure, aiming to generate over Rs30 billion in additional taxes annually. However, concerns have been raised by Finance Minister Ishaq …