Govt willing to reduce GST on HSD to appease apex court
At current rates, the government hopes to fetch Rs55 billion per month on all POL products which includes Rs22 billion from petrol, Rs30 billion from HSD and Rs500 million from other products
Government borrowing soars 58.5 percent, touches Rs1.43 trillion in FY18
Collectively, the government obtained loans of Rs1.36 trillion from commercial and central banks during FY18, registering a rise of 25 percent against Rs1.08 trillion in FY17.
Living standards in Pakistan will be hampered by climate change: World Bank
In Pakistan, Sindh emerges as the most vulnerable hotspot, followed by Punjab, said the report
Top leadership in conundrum over IMF bailout
Also, sources revealed the country’s external financing requirement would range from $25 to $27 billion for FY19 and they couldn’t be met alone with the assistance of China
SBP notifies stricter rules for inland foreign currency and PKR movement
To ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
FBR again misses the mark, revenue collection falls short by Rs90 billion
Due to missing the revised revenue collection target of Rs3.935 trillion, the budget deficit could likely surpass 7 percent, although the final figure for FY18 is yet to be finalized
Cotton research station to be set up at Rajanpur
Secretary Agriculture Punjab Wasif Khursheed said Friday that a cotton research station would soon be established in Rajanpur district to improve cotton crop quality and increase per acre production.
Fitch Ratings appreciates steps taken to ease pressure on external account situation
In a brief analysis report, the agency has highlighted issues pertaining to foreign exchange and the current account deficit as factors likely to adversely impact the external account.
Exports of engineering goods up by 20.19pc
ISLAMABAD: Exports of engineering goods during 11 months of the financial year closed on June 30, 2018, registering about 20.19 per cent...
Economists divided over Nawaz’s verdict
On Friday an accountability court had announced the verdict in the Avenfield properties corruption reference filed by NAB, handing ousted prime minister Nawaz Sharif 11 years as jail time, Maryam Nawaz with 8 years and Captain Safdar with 1 year in jail.
Pakistan curbs fuel oil imports as power generation requirements ease
Pakistan State Oil (PSO) has reduced its fuel oil imports for power generation as monsoon rains have lowered the demand for electricity for cooling, contributing to a decline in fuel oil premiums from the multi-year highs reached last week.
OGDCL awards $2m worth pre-qualification contracts to offshore company
ISLAMABAD: Though the National Accountability Bureau (NAB) is in full swing against offshore companies, an offshore company has been found attempting to...
Market Daily: PSX turns green over Nawaz’s political demise
The KSE 100 touched intraday low of 40,028.64 nearly within half hour of opening. The index swayed in both directions and ended higher by 45.33 points at 40,435.97.
LCCI for industry-friendly measures, blames caretaker govt
The LCCI President Malik Tahir Javaid said that all the decisions that have taken economy hostage should be reviewed in the larger interest of the business community.
NEPRA rejects KE’s demand, notifies new tariff of Rs12.81/KWH
KARACHI: The National Electric Power Regulatory Authority (NEPRA), while rejecting the demand of K-Electric (KEL) for the restoration of previous Multi Year...