Pakistan’s Business community has rejected government’s Eid Holidays
On Monday, the All Pakistan Anjuman-i-Tajiran rejected the government's directives on Eid holidays and lockdown from May 8 to 17 and announced that they would keep shops open till Chand Raat (moon night).
IMF being urged to show leniency, Finance Minister
Addressing National Assembly’s Standing Committee on Finance, Mr Tarin said that the higher power tariff was leading to corruption and hampering economic growth. The...
Exports surpass $2bn mark for seventh consecutive month
“Alhamdulillah (Thanks God), Pakistan’s export for April 2021 stood at USD 2.191 billion. This is the first time since 2011 that our monthly exports...
PIEDMC approves Rs8.5b contract for QABP
The board of directors of Punjab Industrial Estates Development and Management Company (PIEDMC) has approved the award of a contract for development works at...
Millions of industrial sector employees to lose jobs after Eid
The slowdown in industrial production owing to the third wave of the Covid19 pandemic is going to result in a job loss for millions....
10-day closure of factories and businesses will have serious economic and social consequences, Gohar Ejaz
According to the Patron in Chief of APTMA, the extended holidays will result in giving losses of up to billions of rupees to the national exchequer and terribly affect business activities particularly the exports.
PM Khan applauds FBR’s effort as tax collection exceeds targets
The increasing collection at the import stage(custom duty) and growing reliance on indirect taxes remained the two distinctive features of the FBR’s revenue performance in the first 10 months of the current fiscal year. It has led to higher prices for the poor people of the economy.
Pakistan getting a car from Huawei very soon!!
Huawei has unveiled its new hybrid SUV that has been developed by the smartphone company in collaboration with the electric car and equipment producer SERES. The two businesses declared their partnership at the ongoing Shanghai Auto show.
Gov.t again postpones decision on payments to IPP, LNG subsidy
Finance Minister Shaukat Tareen agreed to have separate discussions with relevant members and constituted sub-committees on both issues to discuss them further before reaching a decision.
Housing, construction finance shows robust growth, SBP
A recent statement by the SBP revealed that the housing and construction finance portfolio rose to Rs148 billion at the end of June 2020...
Prime Minister worried about high rates of electricity
In 2023, which would be an election year, the capacity charges would reach Rs1,500bn, causing an increase in the electricity rate from Rs11.75 to Rs16.44 per unit. The cost of per unit electricity production is Rs22-23, Fawad Chaudhry said.
Japan and Pakistan sign $370 debt relief pacts
The government of Pakistan and the government of Japan have signed debt suspension agreements worth $367 million under the G-20 Debt Service Suspension Initiative...