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BUSINESS
SCO secretary general visits FPCCI capital office
ISLAMABAD ; Secretary General of Shanghai Cooperation Organization (SCO) H.E. Zhang Ming visited FPCCI Capital Office, Islamabad. The SCO Secretary-General called on Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce…
Business community demands locking of dollar rate to avoid economic meltdown
. ISLAMABAD : July 24, 2022: Mian Akram Farid, Chief of Employers Federation of Pakistan, Islamabad Chapter, has called upon the government to take emergency measures to control the economic situation of the country.
Addressing a meeting…
SDPI proposes National Economic Security Council to steer country out of crisis
ISLAMABAD, July 22, 2022: Amid the growing economic complexities, the Sustainable Development Policy Institute (SDPI), a leading think tank, has proposed to form a National Economic Security Council on the lines of the National Security…
Panic in currency market, rupee crashes down to an alarming level
KARACHI. July 19, 2022 . Panic has worked in currency market to hit Pak rupee below the belt as local currency lost major value of Rs 5.81 against a US dollar in inter-day trading in first half of the day on Tuesday . With loss of such…
SBP jacks up policy rate by 125 basis points to take interest rate to 15 percent
KARACHI ( July 7, 2022). As was expected the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday decided to raise the policy rate by 125 basis points to 15 percent. In addition, as foreshadowed in the last…
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 The government has withdrawn 17 percent general sales tax (GST) imposed on import of raw material used by the pharmaceutical industry .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…
