Experts hail govt’s concessional package for construction industry
ISLAMABAD: Prominent economists, businessmen and associations have hailed the government for providing tax relaxations to builders and developers amid the prevalent crisis...
Bike, three-wheeler sales decline 12.3pc in nine months
The sale of motorbikes and three-wheelers witnessed a decline of 12.34pc during the first nine months (July-March) of the current financial year...
COVID-19: Manufacturers expect 25pc drop in cement demand
LAHORE:Â Despite a relief package given to the construction industry by Prime Minister Imran Khan, the cement sector is expecting a 25pc decline...
COVID-19: SCCI seeks ‘comprehensive relief package’ for small traders
PESHAWAR: Sarhad Chamber of Commerce and Industry (SCCI) President Engr Maqsood Anwar Pervaiz on Saturday urged the government to announce a comprehensive...
After $1.4b approval, IMF puts on hold $6b EFF programme
ISLAMABAD: In the wake of coronavirus pandemic and disbursement of $1.386 billion under the Rapid Financing Instrument (RFI) to help Pakistan address...
Pakistan’s 70pc labour force ‘working without formal paperwork’: report
KARACHI:Â As many as 70.3pc of the country's labour force "works without any written contract or agreement", according to a research report titled...
Govt launches fixed-tax scheme to woo builders, land developers
–Advance tax on auction of properties reduced to 5pc; sales tax on construction services in ICT brought to zero
–Incentive package to apply on...
Weekly inflation up 0.15pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended April 16 witnessed a nominal increase of 0.15pc when compared...
Experts say rate cut ‘insufficient’ amid corona crisis
LAHORE: Economic experts and members of the business community believe that the 200bps rate cut announced by the State Bank of Pakistan...
China suffers historic contraction as virus paralyses economy
China's economy shrank for the first time in decades last quarter as the coronavirus paralysed the country, in a historic blow to...
Stocks stage 1,500-point rally after SBP’s rate cut
KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index accumulating almost 2,000 points intraday.
Following...
Pakistan among 76 countries to get debt relief from May 1
–FM Qureshi says developing countries would get relief on both the principal and interest amounts
–Relief would be given by all financial institutions,...
SBP reserves rise $252m to $10.9bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $252 million to $10,974.6 million during the week...
T-bill outflows reach $2.6bn in 10 months Â
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now well below $1 billion, standing at $841 million,...
Govt assures businesses of complete support amid corona crisis
--Finance adviser says a 'comprehensive relief package' will soon be announced to address liquidity issues being faced by industries
--Constitutes five-member committee to...