Fiscal deficit to surge, tax revenue to miss target this year: Hafeez Shaikh
‘Revenue has taken a hit. Exports have taken a hit. Remittances have taken a hit, and, above all, our people are suffering’
Tobacco exports surge 60pc to $28.7m
The export of tobacco from the country witnessed an increase of 60.67pc during the first three quarters of the financial year 2019-20,...
‘Uzbekistan desires utilisation of Karachi, Gwadar ports’
Uzbekistan Deputy Prime Minister Sardor Umarzakov has expressed his country's desire to utilise Karachi and Gwadar ports.
According to a statement issued by...
Pakistan, China discuss mega railway project ML-1
Chinese Ambassador Yao Jing and a delegation of China Railway group separately called on Special Assistant to the Prime Minister on Information...
Govt urged to reduce income tax by 50pc in budgetÂ
LAHORE : The country’s leading tax consultants and economic experts on Saturday urged the government to reduce income tax rate by 50 percent...
Saudi, US firms eye stakes in Reliance’s Jio
Two more firms are eyeing a share of Reliance Industries Ltd's $65-billion digital unit Jio Platforms, according to Bloomberg News, setting them...
PSEB directed to ensure minimum impact of Covid-19 on IT industry
Federal Secretary Ministry of IT and Telecommunication Shoaib Ahmad Siddiqui has directed the management of Pakistan Software Export Board (PSEB) to ensure...
Uber loss widens to $2.9bln due to Covid-19
San Francisco: Uber said its loss widened to $2.9 billion in the first quarter as the ridesharing giant absorbed the impact of...
PM for out-of-box solutions to heal corona-hit economy
Imran stresses need to focus on SMEs, agri sector to create more jobsÂ
Govt to present next year’s budget on June 5
--Expenditure target for FY21 to be fixed at Rs10.4tr
--Rs600bn to be spent on development projects; Rs200bn on corona-related programmes
ISLAMABAD:Â The federal government...
Weekly inflation up 0.36pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on May 7 witnessed an increase of 0.36pc, Pakistan Bureau...
Stocks end flat amid low turnover
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Friday, with the benchmark KSE-100 Index ending flat amid low...
Amendment in STA to enhance SMEs’ access to credit: DawoodÂ
PM's adviser says 'e-registry of movable and immovable assets' will significantly improve Pakistan's Ease of Doing Business ranking Â
India lockdown lifts Pakistani rice export to Middle EastÂ
KARACHI: Export of Pakistani rice increased in the Middle East after India imposed strict lockdown in the wake of the coronavirus outbreak,...
Stocks rise as reopening, easing China-US tensions trump bad data
Moves to ease lockdown measures and reopen economies around the world fired equity markets Friday as investors looked past a string of...