ISLAMABAD, Mar 6: Minister for Finance, Revenue and Economic Affairs Asad Umar told the Senate on Wednesday that no bailout package had been approved for any state institution by the government during current
March 6, 2019: Prime Minister Imran Khan on Wednesday approved, in principle, the first ever ‘National Tariff Policy’ (NTP) of the country to ensure transparency, predictability and institutionalizing the entire structure of the
March 6, 2019: President Dr. Arif Alvi has underscored the need for value-addition in all sectors, especially in textile, for increasing Pakistan's exports in international market. Talking to a delegation of All Pakistan
March 6, 2019: The Senate was informed on Wednesday that government has ensured uninterrupted gas and power supply to industry, relief in taxes and clearance of refunds to enhance industrial growth. Responding to
March 6, 2019 (MLN): The Central Government’s debt and liabilities by the end of January 2019 had risen to Rs.18.45 trillion as per a statistical report release by the State bank of Pakistan,
March 6, 2019: The imports of agriculture machinery into the country during first seven months of current financial year increased by 6.72 percent as compared the imports of the corresponding period of last
March 6, 2019: Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned Wednesday, cutting its global growth forecast for this year to 3.3 percent, down from the
March 6, 2019: Pursuant to the news items being published in the print media regarding the inauguration of Tarbela IV (T4) hydropower project, Ministry of Water Resources would like to state that the
March 6, 2019: A Shanghai rally led gains across most Asian markets Wednesday as Chinese investors grow increasingly optimistic over trade talks with the US. With expectations that Washington and Beijing will eventually
March 6, 2019: Europe's main stock markets nudged lower at the start of trading on Wednesday, with London's benchmark FTSE 100 index marginally down at 7,182.77 points. In the Eurozone, Frankfurt's DAX 30
March 6, 2019: XCMG and HSS Group of China on Wednesday expressed their commitment to bring in investment of $2 billion in Pakistan’s housing and manufacturing sectors. The commitment was made during a
March 6, 2019: The government is likely to consider new tax amnesty scheme for industrial sector where undocumented money could be declared and could only be used in the industrial development and growth
March 6, 2019: After remaining suspended for a week, the cross-Line of Control (LoC) trade on Muzaffarabad-Srinagar traditional route through Uri-Chakothi sector resumed on Tuesday. In total, 70 trucks 35 from each side
March 6, 2019: Asian markets fluctuated Wednesday as investors await the latest news on the China-US trade talks, though Australian stocks rose and the local dollar fell as weak economic growth data fueled
March 6, 2019 (MLN): Turkmenistan’s Ambassador to Pakistan Mr. Atadjan Movlamov stated that investors in his country are closely following the developments in Pakistan and are keen in investing in various flourishing sectors.
The government has released over Rs 132.87 billion under its Public Sector Development Programme (PSDP) for the fiscal year 2017-18 for various ongoing and new schemes against their total allocations of Rs.1001 billion. The released
Pakistan’s total tax revenue witnessed gradual increase from 10.6 per cent of Grand Domestic Product (GDP) in 2000 to 12.6 per cent of GDP in 2016. According to a report released by Asian Development Bank
About 24,393 metric tons of fresh fruits worth US$ 19.483 million was exported during the first month of current financial year as compared the exports of the corresponding period of last year. According the data
The Federal Board of Revenue (FBR) would brief the Senate Committee on Finance, Revenue and Economic Affairs on the issue faced by importers on the import of solar power generator systems during its upcoming meeting
Pakistan and Bosnia have agreed to enhance bilateral trade and withdrawal of double taxation system. The agreement was reached during a meeting between President Mamnoon Hussain and Bosnian counterpart and Herzegovina Bakir Izetbegovic, on the sidelines of OIC
The oil markets reacted positively to Saudi Arabia's talks of extending supply cuts in the coming months. The Saudi Arabian Oil Minister discussed a possible extension of cuts with his Venezuelan and Kazakh counterparts. News
The Federal Board of Revenue has imposed 0.5 percent tax on business done through online trading. According to the amendments posted on the website of Federal Board of Revenue for the year 2017-18, a new
National Electric Power Regulatory Authority plans to hire consultant for its coal run power projects as the demand to shoot up by three times in next two years. According to the information available from NEPRA,
PKR went through another dreary week due to timid participation from investors. Political uncertainty in recent months has pushed investors to the sidelines. The State Bank of Pakistan (SBP) is vigilantly monitoring the currency position,
Local officials on Sunday said China has promised to spend more than $90 million on development projects in northeastern Badakhshan province. Governor Ahmad Faisal Bigzad, talking to a ceremony commemorating 16th death anniversary of Ahmad Shah Massoud
Sindh Chief Minister Syed Murad Ali Shah in connection with celebration of 50 percent completion of Thar coal mining at Thar Coal Field on September 12, Sunday reviewed the progress Rs111,222.450 million development schemes and projects
The Pakistan Carpet Manufacturers and Exporters Association Sunday urged the government to call a meeting of all stakeholders to explore ways for increasing exports. The association in a meeting welcomed the recent announcement by the
ASTANA, September 10 (NNI): The Iranian President in a meeting with his Venezuelan counterpart, hailed efforts by members of the Organization of Petroleum Exporting Countries (OPEC), including Venezuela as well as the non-OPEC members in stabilizing the oil
Karachi: Overseas Investors Chamber of Commerce and Industry (OICCI) has highlighted the importance of consistent, transparent and predictable long term policies for improving the perception of foreign investors towards Pakistan business environment. OICCI highlighted these
Finance Minister, Senator Mohammad Ishaq Dar, held a meeting with Mr. Xiao Jie, Finance Minister of China here. The two leaders discussed various issues of mutual interest including ways and means to further enhance the
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