MoC urged to consult relevant stakeholders before negotiating FTAs
ISLAMABAD: Members of Senate Standing Committee on Commerce Wednesday showed their concerns that the Ministry of Commerce has not consulted relevant stakeholders before negotiating...
Trade dispute organisation at MoC lacks legal cover to move against delinquent firms
In the absence of a dispute resolution mechanism, number of trade disputes crosses 500
Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May
ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the...
Country needs 8pc growth to create required jobs for growing population
Pakistan’s population currently has a huge youth bulge. Almost two-thirds of the population is under the age of 16, a large proportion of which will be entering the job market in the near future.
Pakistan’s resilience to climate change is limited: Moody’s
Rising temperatures and erratic rainfall can affect productivity in agriculture and increase the vulnerability of energy production, as 33% of Pakistan’s energy supply are hydropower-driven
NLC to operate Dhabeji-Thatta special economic zone
The MoU was signed by SBI Chairperson Ms Naheed Memon and NLC Director General Major General Mushtaq Ahmed Faisal on Tuesday
Senate passes GIDC bill 2018, paves way for recovery of Rs12 billion arrears from CNG stations
GIDC Bill had 2018 had been passed on condition that CNG station owners would be given an Rs7 billion waiver if they deposited Rs12 billion in two instalments within three months after its passing.
Punjab expresses worry over major water losses from Taunsa to Kotri barrage
Irsa has setup a regulations director led-committee constituting of directors from Sindh and Punjab to determine discharges at Guddu barrage and the various barrage of Pakistan and provide a report in this regard to IRSA
Water shortage will rise to 52 percent for Kharif sowing season
Sindh’s water shortage was recorded at 53 percent and for Punjab, it was 47 percent
PSE’s bled Rs3.74 trillion during five-year tenure of PML-N
Losses at PSE’s kept rising from Rs495 billion in FY 2013-14 to Rs570 billion in 2014-15, Rs712 billion in FY 2015-16 to Rs862 billion in FY 2016-17 and ended up going above a trillion mark to touch Rs1.109 trillion for current FY 2017-18
Govt gives go-ahead to Rs114b equity injection in two LNG-based power plants
The PDF equity injection was broken into ordinary shares of Rs53 billion and preference shares of Rs61 billion to meet the regulatory directive.
Govt levies 12.5 percent tax on income of offshore companies
Also, the Federal Board of Revenue has taken back half of the recommendations for an increase in customs duties on import of cooking oil
FDI up 2.4 percent, touches $2.237 billion for ten months of FY 2017-18
Financial, oil and gas direct investments remain subdued for the period under review and foreign companies invested $271.5 million in the country’s banking sector against $252.9 million a year ago
Pakistan to soon launch electronic trade data exchange with China
This move is being carried out in lieu of bulging bilateral trade between Pakistan and China, which is hugely in favour of the world’s 2nd largest economy
Fixed exchange rates risky for Pakistan’s plummeting foreign reserves, says Moody’s
Moody's maintained that higher interest to revenue in the baseline compared with floating exchange rates thrive under exchange rate shocks. Thus, deterioration in debt affordability could lower investors’ willingness to invest while making it harder for Pakistan to access foreign funding.