Horticulture exporters set 325,000 tons target for Kinnow exports
A record export volume of 375000 tons was attained during last year fetching foreign exchange of $200 million
PARC becomes ‘white elephant’?
Ministry of National Food Security and Research declines additional funds worth Rs1.32 billion for PARC
Oil sinks below $50 on output cut doubts
New York oil sank to under $50 on Thursday owing to doubts over an OPEC output cut, while most stocks rose as the Federal Reserve hinted at a softer pace of interest rate hikes.
Market Daily: Uncertainty grips PSX as investors await monetary policy announcement
The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.
IT minister tells Senate committee headway expected in recovery of $800m from Etisalat
While answering queries from Senator Imamuddin Shouqeen regarding the sale of PTCL properties, Mr Siddiqui said PTCL had been barred from selling its properties
CCoE bars import of imported furnace oil for three months
The Power Division apprised the committee that furnace oil was being utilized to stabilize fuel supply and in the last few months it was being used by power plants rather than LNG
Loan size for Rabi crops being raised to Rs30,000 under E-credit scheme
Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season
Suzuki seeks Greenfield status, tax benefits in exchange for $450 million investment
As per ADP 2016-2021 policy, Suzuki’s investment of $450 million would fall in the Brownfield category, however, it wants to avail tax benefits under the aegis of Greenfield project, said officials in the Ministry of Industry and Production (MoIP).
Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements
Government reluctant to implement key reform on immovable properties
Notwithstanding, it is mandatory under Income tax law to establish the Directorate General of Immovable Property
Military makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
Indonesia announces unilateral concession on 20 tariff lines to Pakistan: Dawood
Abdul Razak Dawood said that the ministry of commerce had evolved a comprehensive national tariff policy, which would be presented before the Cabinet for approval on Thursday
PSMA to shut down sugar mills in upcoming season if issues not addressed
ISLAMABAD: Pakistan Sugar Mill Association (PSMA) has decided to shut down sugar mills rather than bearing a loss of Rs15 per kg...
Army deposits Rs390 million income tax every month: Member FATE
COAS filed all tax returns a month in advance, meanwhile Topi Rakh among highest tax paying marriage halls
PepsiCo AMENA CEO Mike Spanos meets PM Imran, promises $1bn investment
Demonstrating PepsiCo’s ongoing commitment to Pakistan, Spanos discussed plans for the PepsiCo system to invest $1 billion over the next five years.