Covid-19 global recession worst since World War II: WB
Pakistan’s GDP expected to contract 2.6pc for FY20, 0.2pc for FY21
Pakistan, Germany sign Rs700mn agreement on renewable energy
ISLAMABAD: Germany will provide technical assistance, worth Rs700 million, to Pakistan in the field of renewable energy and energy efficiency.
An agreement was...
Govt to ensure targeted disbursement of Rs50bn agriculture package, says Hafeez Shaikh
ISLAMABAD: Advisor to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh on Monday assured full support to a targeted...
Govt likely to allow petrol stations to set their own prices
As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...
Sindh textile millers demand up to 40pc reduction in gas tariff
KARACHI: All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Chairman Zahid Mazhar has demanded the government to reduce the tariff of indigenous gas...
Investments decline while savings increase amid high inflation
ISLAMABAD: The country’s investment-to-GDP ratio has declined during the last three years from 17.3 percent in 2017-18 to 15.4 percent in 2019-20...
Manufacturing, services report negative growth while agriculture thrives
ISLAMABAD: Due to the adverse impact of the Covid-19 pandemic, manufacturing and service sector have reported a negative growth of -5.6 percent...
Government to finalise budget on June 8
The government is set to finalise the outlay for the federal budget 2020-21 on June 8 in a meeting of the National...
Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General...
Exporters set to capitalise on PPE export market
ISLAMABAD: The exporters of textiles and Personal Protective Equipment’s (PPEs) have welcomed the government’s decision of allowing exports of all PPE items,...
ECC ignored advice of Petroleum Division on preempting supply shortage of petroleum products
The Economic Coordination Committee (ECC) of the Senate is to blame for the current shortage of petroleum products as it rejected a...
CDWP cuts ML-1 cost by $2bn, seeks ECNEC’s approval
–Source says govt intends to collaborate with private enterprises on some portions of railways trackÂ
–CDWP approves 13 projects worth Rs36.18bn
ISLAMABAD: With a major...
KP flour millers protest ban on wheat transportation from Punjab
PESHAWAR:Â Owners of flour mills in Khyber Pakhtunkhwa (KP) protested on Saturday a ban on transportation of wheat from Punjab.
Punjab has barred mill...
Dairy industry seeks withdrawal of sales tax in upcoming budget
LAHORE: The country's dairy industry has stated that the withdrawal of zero-rating sales tax regime on dairy products through the Finance Act...
KP govt to present ‘tax-free budget’ for next fiscal year: minister
PESHAWAR:Â Keeping in mind the economic devastation caused by the outbreak of Covid-19, the Khyber Pakhtunkhwa government has decided to pay more attention...