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Articles for tag: billion, faces, FBR, gap, months, revenue, shortfall, widens

January 1, 2026

News Desk

Revenue gap widens as FBR faces Rs 336 billion shortfall in first six months

A policeman walks past the Federal Board of Revenue (FBR) office building in Islamabad, Pakistan, on August 29, 2018. — Reuters Earlier estimates warned that the gap could widen by as much as Rs 500 billion. FBR revised annual tax collection target to Rs 13,979 billion. FBR collected Rs 1,421 billion against a set target of Rs 1,446 billion in December. The Federal Board of Revenue (FBR) has missed its International Monetary Fund (IMF)-linked revenue target for the first half of the current financial year, falling short by Rs336 billion. The News reported on Thursday. Against the agreed target of

November 22, 2025

News Desk

Deficit with ASEAN widens despite trade of $11.5bn

Indonesia, Malaysia and Philippines drive fastest import growth as Islamabad pushes for FTAs ​​to balance trade Islamabad: Pakistan’s trade volume with the Association of Southeast Asian Nations (ASEAN) has reached $11.5 billion in 2024, a figure officials say remains below potential and requires streamlining. Despite the firm commitment, the trade deficit in 2025 continues to widen in favor of ASEAN members. Pakistan’s exports to ASEAN were about $3.5 billion in 2024, while imports reached about $8 billion. Most of this trade is concentrated in five core ASEAN economies: Indonesia, Malaysia, Thailand, Vietnam and the Philippines. Islamabad is pursuing multiple trade

November 19, 2024

News Desk

Trump’s search for Treasury pick widens

President-elect Donald Trump arrives to attend an Ultimate Fighting Championship (UFC) event at Madison Square Garden in New York City on Nov. 16, 2024, in this script taken from a video on social media. — Reuters WEST PALM BEACH: US President-elect Donald Trump has so far not expressed his full satisfaction with any nominee for Treasury secretary after the search stalled over the weekend with him looking at other candidates, two sources briefed on the matter said Monday. Among the names now being considered are Apollo Global Management CEO Marc Rowan, two sources said, and former Federal Reserve Governor Kevin

August 29, 2024

News Desk

Harris widens lead over Trump on boost from women, Hispanics: poll

United States Vice President and Democratic presidential candidate Kamala Harris (L) at an event and former president and Republican presidential candidate Donald Trump speaking at an event. — Reuters/File Vice President Harris leads Trump 45 percent to 41 percent in the Reuters/Ipsos poll. 4% lead larger than the one point VP had in the same poll in July. 73% of Democratic voters are more excited since the vice president entered the race. WASHINGTON: Democrat Kamala Harris leads Republican Donald Trump 45% to 41% in a Reuters/Ipsos A poll released Thursday showed the vice president is igniting new excitement among voters

August 21, 2024

News Desk

Gender gap widens in White House race as Kamala Harris and Donald Trump go head-to-head

CHICAGO: The politically divisive White House race between Kamala Harris and Donald Trump has also highlighted a marked discrepancy in votes between women and men, according to polling data and analysts. Democrat Harris, who is black and of South Asian descent, is vying to become the first female president of the United States, while Trump is known for making comments that disparage women and is an advocate of restricting abortion rights. In a CBS poll released this week, 56 percent of women surveyed said they would vote for Harris, while 44 percent supported Trump, a Republican. By contrast, 54 percent

December 14, 2023

News Desk

Israel continues to pound Gaza as rift with US widens

GAUZE: Israel continued to pound Gaza with heavy airstrikes on Thursday as a top White House adviser was set to arrive in Jerusalem with the rift widening amid US appeals to its ally for restraint. The conflict, now in its third month, began after the October 7 attacks on Israel by the Palestinian resistance group Hamas. It has left besieged Gaza in ruins and killed more than 18,600 people, mostly women and children. Gaza’s health ministry said Israeli airstrikes early Thursday killed at least 19 people across the Gaza Strip. In the West Bank, which has also seen an upsurge

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