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...
Funds of GHPL being used by PLL, PLTL, sources
ISLAMABAD: Billion rupees worth of funds of the Government Holding Private Limited (GHPL) are allegedly being used by Pakistan LNG Ltd (PLL) and...
Shadow banking grows in Abid market, as conventional banks fail
Numerous shops in Abid Market that provide electronic products on instalments to interested consumers, charge markup rates as high as 30 to 40 per cent in some cases. However, despite such high markup rates, a large number of consumers daily flock to the market to buy electronics on instalments.
Haroon asks opposition not to politicise budget
ISLAMABAD: Brushing aside the opposition's demand for clamping economic emergency, Special Assistant to the Prime Minister on Revenue Haroon Akhtar Monday called...
FBR registers 17pc growth during April
ISLAMABAD: The Federal Board of Revenue (FBR)during the first ten months of the current financial year has recorded a provisional net revenue...
Experts term budget 2018-19 as ‘non-conventional budget’
ISLAMABAD: This year the budget 2018-19 is non-conventional as compared to the last four year’s budgets, where the government presented a popular budget...
Relief to livestock, dairy, agri sectors to help increase production: ICCI president
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) President Amir Waheed has welcomed the sixth budget announced by the present government,...
FBR advocating for transfer of land on open market rate
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish the ‘directorate of immovable property’ in order to enable the transfer of...
Pakistan to pay Rs1,620 billion in interest payments in 2018-19
ISLAMABAD: Pakistan will pay Rs1,620 billion in interest payments for the next fiscal year 2018-19 against the estimates of borrowing loans from external...
Budget to expand economy, encourage businesses, protect vulnerable people: Miftah
ISLAMABAD: Minister for Finance and Economic Affairs Miftah Ismail Sunday said the budget for the fiscal year 2018-19 will expand the economy by more...
Affluent businesses enjoyed tax exemptions worth Rs540bn
The federal government has given Rs540 billion worth tax exemptions to affluent businesses during the current fiscal year, economic survey documents reveal.
Govt to increase duties on 7,000 imported items, gradual elimination of super tax
Finance bill documents indicate that Federal Board of Revenue (FBR) has suggested decreasing the advance tax on banking transaction for non-filers by 0.4 per cent permanently.
Govt allocates Rs1.6tr for PSDP
ISLAMABAD: The federal government has unveiled a Rs1.6 trillion Public Sector Development Programme (PSDP) for the fiscal year 2018-19 of which Rs...
Budget 2018-19: Government will borrow $11.6 billion from external sources in next fiscal year
The Federal government will borrow $11.6 billion from external sources in the next fiscal year 2018-19.