ICAP urges govt to bring all sectors of economy to tax-net
ISLAMABAD:Â The Institute of Chartered Accountants of Pakistan (ICAP) recommends that the government bring all sectors of the economy to the tax-net, irrespective...
PM Abbasi chairs EAC meeting, seeks measures to boost economy
ISLAMABAD: The newly constituted Economic Advisory Council (EAC) met here on Thursday. Prime Minister Shahid Khaqan Abbasi chaired the meeting.
In his opening remarks, the...
PM announces tax amnesty scheme to whiten black money
ISLAMABAD: As expected, the government finally announced a tax amnesty scheme to whiten black money, in a bid to meet the financial...
Separate economy from politics for sustainable development: Rana Afzal
ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal Khan Wednesday stressed the need for separating politics from the economy, and continuity...
Tax rates for banks should be reduced in 2018-19: PBA
KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the...
FBR’s third tax slab and enforcement drive hurts illicit tobacco
PESHAWAR:Â The policy from the Federal Board of Revenue (FBR) to introduce a third tax slab for cigarettes and step up its enforcement...
ICCI calls for decrease in sales tax on POL products
ISLAMABAD:Â The business community here on Tuesday urged the government to withdraw increases in sales tax on some petroleum products, since the price...
NA committee directs govt to revive PIA
PESHAWAR: The National Assembly (NA) Standing Committee on Cabinet Secretariat while strongly opposing the plan of outsourcing Pakistan International Airlines (PIA) has...
Rs607 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs607.44 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
Finance ministry to contribute Rs53 billion to pay off circular debt
ISLAMABAD: The country’s Finance ministry is to contribute in paying off the country’s soaring circular debt, and has released Rs53 billion to...
Government lacks legitimacy to announce budget this month: experts
ISLAMABAD: As the government has decided to announce the budget for next financial year 2018-19 by the end of this month, experts...
How bank CEOs rake in the big dough
As the curtain coming down on 2017 coincided with his premature exit as CEO of Pakistan’s largest commercial bank, Habib Bank Limited,...
Water scarcity could topple all economic efforts in near future
ISLAMABAD:Â To ensure overcoming water shortage and achieving sustainable economic growth, the Islamabad Chamber of Commerce and Industry (ICCI) Saturday called upon the...
Zero duty on 75pc tariff lines for China to harm local industry: PIAF
KARACHI: The Pakistan Industrial and Traders Associations Front (PIAF), as a major stakeholder, has opposed the government's plan to offer zero duty...
Pakistan not ready to reap full benefits of CPEC
LAHORE:Â The commander of Lahore corps Lieutenant General Aamer Riaz, stressed the need to remodel institutions in order to get the maximum benefits...