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BUSINESS
Non- implementation of mandatory SRO causing loss of Rs 80 billion in wheat flour waste annually
ISLAMABAD: (July 8, 2022) At a time when the country is facing acute shortage of wheat and the Economic Coordination Committee (ECC) of the federal cabinet has approved import of 0.5 million tons of wheat that would cost the national…
Miftah withdraws 17 % GST on import of raw material for pharmaceutical industry
ISLAMABD: (June 29, 2022). The government has withdrawn 17 percent general sales tax (GST) imposed on import of raw material used by the pharmaceutical industry . Finance minister, Miftah Ismail, has introduced an amendment in Finance…
Academia – industry linkage stressed for MSMEs performance . Speakers say
ISLAMABAD : (June 27, 2022): Developing strong industry-academia linkages could play important role to improve economic performance of Micro, Small & Medium Enterprises (MSMEs) in Khyber Pakhtunkhaw (KPK). The panelists highlighted the…
FBR sets to achieve revised revenue target of Rs 6100 billion
ISLAMABAD : The Federal Board of Revenue (FBR) may achieve revised tax collection target of Rs 6100 billion for outgoing fiscal year (2021-22) as its net collection as of June 22, 2022 stands at Rs 5.8 trillion plus, It is learnt here.…
SDPI gives ” Response on budget 2022-23″
ISLAMABAD . A Sustainable Development Policy Institute (SDPI) post budget huddle on Monday cautioned the government to implement an across the board subsidy -free approach to address the worst ever economic crisis and seize Pakistan's…
Pakistan negotiating new LNG supply agreements with Qatar. Miftah says
ISLAMABAD ,: Pakistan has confirmed it was negotiating with Qatar for a new long term agreement for supply of natural gas (LNG) to meet its gas demand . APP news agency quoted Finance minister , Miftah Ismail , divulging some details of…
Slabs go down , income tax limits skyrocket for 2022-23
ISLAMABAD : The government has cut down slabs for income tax from 12 to 7 in 2022-23:budget. According to the finance bill 2022-23. The government also scaled up exemptions limit to Rs 12 lakh income. However those who would have income…
Former WAPDA chairman shrugs off NAB summon
LAHORE ; The Water and Power Development Authority (WAPDA ) former chairman Lt Gen (R), Muzammil Hussain, shrugged off a
Nationality Accountability Bureau (NAB) Lahore notice for appearing before it in an alleged $ 753 million corruption…
China RE model quick solution to Pakistan’s energy crisis
ISLAMABAD : (June 4, 2022): China’s potential in renewable energy generation can potentially drive a massive shift in Pakistan’s energy sector and it could also serve as a viable solution for Pakistan’s energy crisis which has been…
Currency dealers foresee major slide in dollar value in coming weeks
KARACHI: The currency dealers are foreseeing major slide in dollar value in Pakistan in coming weeks as the government is taking a number of measures to set aside pressure on the rupee. The US dollar has already shed around Rs 5 in the…
