Six per-cent of Pakistani’s paid 79pc of direct taxes during tax year 2016
ISLAMABAD: Data from Tax Directory 2016 revealed a meagre 6pc (65,000 Pakistani’s) of those who filed their income tax returns in tax...
SBP formulating plan to promote SMEs banking
LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a...
Pakistan won’t seek another IMF bailout, reiterates: PM Abbasi
LAHORE: Prime Minister Shahid Khaqan Abbasi and State Bank of Pakistan (SBP) firmly believe Pakistan can face twin challenges of widening external...
Socialism is a ‘dirty’ word in Pakistan: Kaiser Bengali
KARACHI: Pakistan’s renowned Economist Kaiser Bengali was amused to hear repeated praise of socialism from Wang Yu, Chinese Council General in Karachi...
MoC, FBR blame each other for issuing confusing regulatory duties on imports
ISLAMABAD: While various sectors have shown serious reservations regarding the recently imposed Regularity Duties on selected import items, Ministry of Commerce (MoC)...
OICCI Business Confidence Index turns bullish, rises to 21pc
KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey, Wave 15, which...
IFAD to give Pakistan $82m for poverty alleviation
ISLAMABAD: Pakistan is set to receive $82m funding from International Fund for Agricultural Development (IFAD) to enhance living conditions, livelihoods and income-generating...
Revised CPEC LTP plan remains unshared with provinces
ISLAMABAD: Federal government has once again refused to share revised Long-Term-Plan (LTP) of China-Pakistan Economic Corridor with provinces.
The government on Wednesday had...
Direct investment surges by 74.4pc to $939.7mn in July-Oct 2017
KARACHI: Pakistan has received an amount of $ 939.7 million in the head of foreign direct investment (FDI), up by 74.4 per...
Imports aren’t always bad for economy: Research
KARACHI: A recent research has just rejected the perception that imports have been negatively affecting Pakistan’s economy due to rising Balance of Payment (BOP) deficit...
Pakistan Stock Exchange nosedived 13pc in last one year
KARACHI: The KSE-100 index has endured a fall of 16pc since Pakistan’s reinstatement into MSCI Emerging Markets (EM) index since June 1st,...
ADB business plan 2018-2020: Pakistan set to receive $4.7 billion
ISLAMABAD: Pakistan is set to receive $4.673 billion under a newly constituted operations business plan by Asian Development Bank (ADB) for the...
Failure to lift furnace oil could cost PSO millions of dollars
ISLAMABAD: The government’s ban on furnace oil-based power plants has created a financial nightmare for Pakistan State Oil as it faces payments...
Diamer-Bhasha dam gets excluded from CPEC
ISLAMABAD: China’s demand of ownership rights and other strict conditions for Diamer-Bhasha dam has forced Pakistan to exclude this project from China-Pakistan...
PIA proposes selling of Roosevelt hotel, other assets to settle Rs352 billion liabilities
ISLAMABAD: As Pakistan International Airlines (PIA) liabilities soar; the management has drafted a plan to settle them by selling some of its...