Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19

Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019

Govt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector

Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each

FCCI asks govt to scrap duties on polyester and cotton yarn in mini-budget

Due to the positive steps of the government, he said the imports started decreasing whereas transactions witnessed 10 percent increase and exports 2 percent increase

Pakistan’s textile industry receiving higher import queries from US

According to the official, the current administration was working upon rationalizing subsidies for agricultural crops in hopes of enhancing cotton cultivation

Additional revenue measures of up to Rs150 billion expected in upcoming mini-budget: Report

The brokerage house said the hike in interest rate by 425 basis points and rupee devaluation of 24% since December 2017 have cumulatively increased annual debt servicing requirement of government by Rs700-800 billion

Why Pakistan’s cotton value-chain has begun to atrophy

The industry blames a lack of government support, but capital appears to be shifting away from manufacturing, and the economics of growing other crops is better than that of cotton

Bangladesh garment manufacturers raise workers’ pay amid further protests

DHAKA: Garment manufacturers in Bangladesh have agreed to raise workers’ pay, the Bangladesh commerce minister said on Sunday, urging people to return to work...

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

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

Rs25 billion subsidy sought for supply of imported gas to captive power plants

Sources said petroleum division has asked for a Rs25 billion subsidy for supply of imported gas to captive power plants for nine months

Interloop targeting Pakistan’s largest-ever private sector IPO

The nation’s 7th largest exporter is keen to get listed on the Pakistan Stock Exchange

KSE-100 index posts 7.8% YoY increase in profit for nine months of 2018

Profitability of KSE-100 index increased by 0.8% YoY during the third quarter of 2018

ECC meeting to discuss gas management plan today

Domestic gas’s average cost comes to around Rs630 per million British Thermal Unit (MMBTU) against Rs1,350 of imported LNG

Interloop, manufacturer of socks for Adidas, Nike set for IPO

Interloop intends to raise over Rs6.8 billion ($51 million) for expanding its sock manufacturing capacity by approximately 20% and enter the denim business

Industries in dilemma, as dispute arises over rates of subsidized gas supply

According to the memorandum, the cabinet decision came into effect on October 16th instead of September 27th, when the federal government gave go-ahead to new gas rates which have been opposed by Aptma

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