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HeadlinesDue to EDB’s existence, the auto vendor industry had been able to grow and over 300 parts and manufacturers were assisting the sector in reaching greater localization, 75 percent in cars, 96 percent in tractors and motorcycles, 80 percent in three-wheelers
HeadlinesThis fourth recall in a period of thirteen months takes the accumulative recalls of Toyota Corolla vehicles by Indus Motors to 16,719 units
EconomyThe federal cabinet approved the waiver of millions of dollars in taxes to foreign lenders which were ought to be paid to Pakistan on the interest income they earned from the loans given out
EconomyCotton plantation in Punjab wasn’t as severely impacted by water shortage but could only be sown at 4.39 million acres or 77 percent of the targeted area set at 5.70 million acres
HeadlinesThe commissioner has also been authorized to constitute a body of auditors for carrying out a specialized audit, including a forensic audit
EconomyAccording to officials in the finance ministry, the centre would fail to meet rising requirements of debt servicing, defence and development with limited resources due to over 62 percent resources under federal divisible being allocated to provinces under National Finance Commission (NFC) awards
Economy
EconomyExports nosedived by 12.36 percent during 2015-16, touching $21.97 billion and worldwide exports also posted a fall of meagre 1 percent
EconomyDi-ammonium phosphate (DAP) sales recorded a 28 percent fall in April 2018, touching 60,000 tons compared to 96,000 tons in April 2017
EconomyBudget makers had determined loans in the range of $8.09 billion for the current financial year 2017-18 but it surpassed that target by touching $9.6 billion in the first 10 months (July-April) 2017-18
HeadlinesThe newest summary includes the names of Ministry of Finance External Finance Additional Secretary Zafar Hasan, Ministry of National Health Services, Regulations and Coordination Secretary Naveed Kamran Baloch and Punjab Finance Secretary Hamid Yaqoob Sheikh
EconomyPreviously, Italian energy giant Eni, Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company (OGDC) held 33 percent share each in offshore drilling in Pakistan