Govt taking steps to facilitate business community: Sindh governor
KARACHI: Sindh Governor Muhammad Zubair has said that the government is aware of the problems of the business community and has been...
Tax on transactions backfires as Pakistan’s cash in circulation surges by a record 31pc
The government's efforts to broaden the tax net by levying the withholding tax seems to have backfired as money in circulation surged...
Punjab govt frustrated over impossibility of 8% economic growth rate target
According to high level officials of Punjab’s economic team there is an absolute disorder and lack of clarity among Punjab’s economic policy...
Pakistan’s economic profile luring foreign investments: Ahsan Iqbal
Pakistan’s remarkable economic turnaround and its historic success against the menace of terrorism in the past three years is luring international businessmen...
Tariq Bajwa appointed as Finance Secretary
The government has appointed Tariq Bajwa, a BS-22 officer of Secretariat group as Secretary Finance Division on Friday. The notification issued by the...
Chinese firms eye Pakistan amid Beijing’s ‘Silk Road’ splurge
Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months,...
SBP governor directs banks to focus on agriculture credit
State Bank of Pakistan Governor Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on...
OMCs’ sales up by 8pc in January
Oil Marketing Companies (OMC) sales remained slightly lower than estimates at 8 per cent in January 2017 compared to last January of...
Engro Foods posts PAT of Rs 2.386b in 2016
The Engro Foods (EFOODs) on Friday announced full year net profit after tax (PAT) of Rs 2.386 billion in 2016 down by...
TDAP responsible for falling exports, say exporters
In a scathing criticism on the annual performance of the Trade Development Authority of Pakistan (TDAP), exporters have said that the export...
PSO’s liquidity position causes Rs 60b loss to exchequer
Liquidity position of Pakistan State Oil (PSO) has further worsened as banks have imposed Rs 60 billion heavy penalty on state-owned oil...
Mian Mansha brings Hyundai cars back to Pakistan
South Korean carmaker Hyundai Motor Co is expected to resume assembling of cars in Pakistan, according to a statement sent to PSX...
Lobbying in the ruling party delays appointment of finance secretary
A disagreement within the ruling PML (N) party has delayed the appointment for the permanent slot of federal finance secretary, reported a...
 Tax collection falls short of target despite a 7pc rise
The tax collection rose by 7pc to Rs 1.7 trillion in the first seven months of the current fiscal year but it...
SBP to issue Rs50 coin in commemoration of Late Abdul Sattar Edhi
State Bank of Pakistan will issue a Rs 50 coin in commemoration of the late Abdul Sattar Edhi in March 2017 as...