Growth in imports has stalled, but the rise in exports has failed to deliver tangible results and should be a cause of concern for the government
It projected the deficit to widen to 6% of GDP in fiscal 2019 due to revenue growth possibly being below government forecasts, slower economic growth and the new revenue-based incentives
About portfolio investment, the central bank said net outflows accelerated in the first quarter (July-September) of FY19 due to foreign selling doubling from local bourses compared to the same period in 2017
The central bank said the country’s informal exports were higher than its formal exports and projections by industry experts put the total size of its ICT exports at $2.5 billion
Consequently, the tariff cut will be beneficial for the industry and enhance the country’s competitiveness in the global market besides reducing the cost of doing business
ISLAMABAD: As the government is already facing a revenue shortfall of Rs125 billion during the past six months due to the relaxation of taxes...
Prime Minister Imran Khan on Friday granted approval for the launch of a new private airline, AirSial, from Sialkot International Airport.
The meeting chaired by Senator Ahmed Khan on Thursday discussed the total number of vehicles sold, the amount of tax paid, details of spare parts produced locally and imported from abroad and fulfilment of corporate social responsibility role by Toyota, Honda and Suzuki motors.
Govt planning to give a comprehensive industrialisation policy, wherein, the focus will be on engineering, chemical, IT and agriculture sectors instead of the textile sector alone, said Dawood
Commerce ministry has proposed to gradually lower down the regulatory duties on tariff in order to improve the export competitiveness
Trade deficit for July-November FY19 fell to $14.51 billion or 2.0% from $14.81 billion in the corresponding period of last year
China’s trade surplus with the United States was $35.55 billion in November, a record high and compared with $31.78 billion in the preceding month
Finance Minister asks SBP to develop information sharing mechanism on major decisions, meanwhile, government expects improvement in economy after January 2019
German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan
Secretary Textile said energy tariffs for export industries were being subsidized to secure their competitive edge in the international market
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