FBR seeks clearance of SC regarding tax amnesty scheme
The top brass of the FBR said no move would be initiated regarding the tax amnesty scheme till the Supreme Court (SC) would provide them clear directives on the subject
Pakistan’s economic growth to slow down, touch 5 percent in FY19 : World Bank
Growth in the South Asian region is projected to strengthen to 6.9 percent in 2018 and to 7.1 percent in 2019, mainly as factors holding back growth in India fade
PSEs losses surged to Rs1 trillion by end of 3rd quarter FY18: SBP
Data from the central bank reveals PSEs debt and liabilities rose one percentage in 15 months starting December 2016 till March 2018, when it was 2.5 percent
Car makers ask customers to become tax-filers to avoid hiccups in vehicle delivery
And the domestic automobile manufacturers have stuck to their production plans till September 2018 despite worries they could lose 50-60 percent of non-filers as their customers of cars and light commercial vehicles (LCV) from 1st July
Water scarcity hits cotton sowing target
Chronic water shortage could mean Pakistan missing its production target of 14 million bales set for the next season
Pakistan needs to build mega dams to enhance water storage capacity
Wapda Chief recommended handing over operational control of the Kalabagh dam to Sindh to ensure its reservations were addressed about its share in water consumption
Immediate corrective measures required to stem economic decline
The interim PM Justice (retired) Nasirul Mulk instructed the finance ministry to develop an extensive plan which would include immediate measures and a draft of long-term structural reforms for uptake by the incoming elected government
FATF meeting in late June to decide Pakistan’s destiny
The newly appointed caretaker Federal Minister for Finance Dr Shamshad Akhtar instructed all relevant authorities to fill in required gaps on the legal and administrative fronts before going to this FATF meeting
Global economy to expand by 3.1pc in 2018, slower growth seen ahead
ISLAMABAD: Despite the recent slowdown, global economic growth will remain robust at 3.1 per cent in 2018 before lagging gradually over the...
Dutch company to set up Pakistan’s largest egg processing factory in Bin Qasim
KARACHI: Frisian Egg, a Netherlands based multinational egg processing company, is setting up Pakistan's largest egg processing factory in collaboration with a...
SBP sells T-Bills worth Rs1,334.16 billion
The State Bank of Pakistan conducted an auction on Wednesday in which it sold Treasury Bills (T-Bills) worth Rs1,334.16 billion for 3 and 6 months.
Finance Minister Dr Shamshad Akhtar directs FBR to up its gameÂ
ISLAMABAD: The Minister for Finance, Revenue, Economic Affairs, Statistics and Planning and Development Dr Shamshad Akhtar chaired a meeting here on Wednesday to review...
Market Daily: Indices continues upward rally, adding gains for five straight sessions
PSX continuing its positive momentum for five straight sessions, the index crossed 44,000-mark on Wednesday
PM directs Finance Division for long-term structural reforms for next govt
ISLAMABAD: Prime Minister Justice (Retd) Nasir-ul-Mulk Wednesday directed the Finance Division to formulate a comprehensive strategy containing immediate measures and a blueprint for long-term...
External financing to reach over $11.6bn in 2018-19
KARACHI: The total inflows of external financing are expected to the tune of over $11.653 billion during the upcoming fiscal year (2018-19).
“Total...