Aside Chinese CPEC linked inflows, FDI witnessed no major activity in Q1-FY19: SBP
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
Computer services have fueled ICT exports in recent years: SBP
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
Govt decreases power tariff by Rs3 per kWh for zero-rated industry to enhance exports
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
ECC seeks revenue impact of withdrawal of duties on cotton imports
ISLAMABAD: As the government is already facing a revenue shortfall of Rs125 billion during the past six months due to the relaxation...
AirSial ready for takeoff, gets go-ahead from PM Imran
Prime Minister Imran Khan on Friday granted approval for the launch of a new private airline, AirSial, from Sialkot International Airport.
Senate panel asks automobile companies to brief on quality standards, price ranges, tax matters
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.
Pakistan remained a net loser in FTAs with Indonesia, China, Malaysia and Turkey: Dawood
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
Govt mulling to introduce structural policies for boosting exports by 15% till 2023
Commerce ministry has proposed to gradually lower down the regulatory duties on tariff in order to improve the export competitiveness
Rupee devaluation fails to spur growth in exports, touch $9.120 billion in 5MFY19
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 November export, import growth shrinks; surplus with U.S. record high
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
Differences over devaluation surfaced in fiscal policy board meeting
Finance Minister asks SBP to develop information sharing mechanism on major decisions, meanwhile, government expects improvement in economy after January 2019
German companies keen to invest in Pakistan’s IT, auto sectors: Envoy
German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan
Govt developing export-oriented policies to enhance exports
Secretary Textile said energy tariffs for export industries were being subsidized to secure their competitive edge in the international market
PARC becomes ‘white elephant’?
Ministry of National Food Security and Research declines additional funds worth Rs1.32 billion for PARC
PSMA to shut down sugar mills in upcoming season if issues not addressed
ISLAMABAD: Pakistan Sugar Mill Association (PSMA) has decided to shut down sugar mills rather than bearing a loss of Rs15 per kg...