Hafeez Shaikh constitutes body to finalise proposals for incentivising retail sector

News Image

MG News | April 16, 2020 at 04:10 PM GMT+05:00

0:00

April 16, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has constituted a five-member committee including senior officials from Finance Division and the FBR to sit with representatives of the retail sector and finalise proposals for providing relief to the retail sector, in the wake of prevailing situation.

The Adviser made this decision while chairing a video conference arranged at the Finance Division with the representatives and office-bearers of Retails Association of Pakistan to discuss the problems faced by the sector and their possible solutions. The Association representatives said that the retail sector in Pakistan was contributing 18 per cent to the GDP besides employing 16 per cent of the labour force. They said that due to prevailing circumstances they are foreseeing negative growth in current year, hence it was imperative to provide relief, particularly in taxes, to the retail sector, especially the integrated sector.

Dr Abdul Hafeez Shaikh said that the government was keen to help the retail sector and constituted a committee to further discuss and firm up proposals offered by the representatives of Retails Association of Pakistan before the next meeting which would finalise the proposals. He directed the committee to follow a quick-action approach to decide the mechanism of support as the government wanted to alleviate the hardships being faced by the various sectors of economy.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 139,812.77
169.24M
1.01%
1400.52
ALLSHR 86,645.26
318.56M
1.10%
942.30
KSE30 42,712.86
75.72M
1.08%
458.01
KMI30 197,102.39
78.83M
1.54%
2992.80
KMIALLSHR 57,528.76
144.49M
1.44%
815.10
BKTi 38,013.27
10.21M
0.48%
181.93
OGTi 28,408.53
33.84M
3.53%
967.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,550.00 119,785.00
117,905.00
1930.00
1.64%
BRENT CRUDE 72.42 72.82
72.16
-0.82
-1.12%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.04 70.41
69.80
0.04
0.06%
SUGAR #11 WORLD 16.48 16.52
16.45
0.03
0.18%

Chart of the Day


Latest News
July 31, 2025 at 12:51 PM GMT+05:00

KIBOR jumps after SBP holds policy rate steady


July 31, 2025 at 12:06 PM GMT+05:00

Crescent Star Insurance resumes 'Guarantee Business'


July 31, 2025 at 12:01 PM GMT+05:00

Bawany Air Products back on PSX Normal Counter


July 31, 2025 at 11:20 AM GMT+05:00

Sitara Peroxide narrows annual loss by 77%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg