Abraaj’s reputation nosedives over allegation of misused funds
Abraaj has seen a wave of investments get sidelined, a shake-up of its top management, talks of divestment of its investment arm collapse and questions over misuse of funds by leading investors like Melinda Gates Foundation continue
Dubai’s financial markets down 3.1pc, led by real estate sector
Dubai stocks hit a 27-month low on Thursday on the back of sharp falls in the real estate market and a drop in liquidity levels.
Overseas Pakistanis remit $16.25 bn in 10 months
KARACHI: Overseas Pakistani workers remitted $16,257 million in the first ten months (July to April) of FY18, showing a growth of 3.92...
Sindh unveils Rs1.1 trillion budget
he province will run a deficit of Rs20.4 billion in 2018-19, although budget documents indicate a likely increase of 16.2 per cent in its total receipts.
Murad Ali Shah presents Sindh’s budget of Rs1.14 trillion
Sindh Chief Minister Murad Ali Shah on Wednesday presented the Sindh’s provincial budget for Q1FY1028-19 with a total outlay of Rs1.14 trillion.
German ambassador’s pictures on Twitter dismiss security concerns in Pakistan
Federal Republic of Germany Ambassador to Pakistan Martin Kobler said that when he first came to Lahore, instead of using a car, he took a train from the Rawalpindi Railway Station to reach the city costing him a mere Rs700. This, however, goes against the image of Pakistan that is portrayed abroad in an unfair manner, and does not reflect reality, the German ambassador added, stressing the need for politicians from both sides to work on improving the perception.
Senate presents 77 recommendations to NA over Budget 2018-19
The Senate on Wednesday recommended some 77 proposals to the National Assembly including the increase in petroleum development levy which may be restricted to an increase of 25 per cent over the existing rates, along with tax rates on individuals to be increased.
NA panel criticises government for not increasing cigarette prices
“It is unfortunate that recommendations were made by the committee and the state minister had assured to abolish the third tier on cigarettes – but it did not happen in the budget” PANAH Dr Wajid Ali said.
Senate panel finalises proposals for Finance Bill-2018
Income Tax exemption up to Rs1.2 million annual income approved. Senate body rejects levy on petroleum, tobacco and mobile phone sets. Also rejects removal of third-tier slab on cigarettes.
Market Daily: Indices bleed for six straight sessions, sheds 0.7 pc DoD
The index has now lost around 1,476 points or 3 per cent in the last six trading session.
Market Daily: PSX bleeds after a strong upwards intraday rally
The market lost 158 points on Monday, closing at 44,379 index points.
Pakistan suggests ADB strengthen its resident mission
“The ADB may also further strengthen its capacity to support social sector, help expand private sector, operations including Public-Private-Partnerships (PPPs), enabling development member countries to address these challenges,” Economic Affairs Division Secretary Syed Ghazanfar Abbas Jilani said
Haroon disregards calls for ‘economic urgency’ amid post-budget backlash
ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar Khan has hit out at the opposition for glossing over the...
Govt to provide billions in tax exemption to Chinese companies
ISLAMABAD: While rejecting the Senate Standing Committee on Finance's recommendation to withdraw the tax exemptions given to Chinese companies, the tax department...
Pakistan’s macroeconomic outlook, weak balance of trade, and current account deficit
LAHORE: As a country divided over its economic policies, embroiled in political infighting and flaky governance along with a longstanding trend of...