Telenor Bank fires employees over fraud, concedes involvement of many employees across various branches
KARACHI: Telenor Microfinance Bank has strongly disassociated itself from the allegations made by former employees that the bank wrongly terminated their employment.
The...
PSDP 2020-21: Govt allocates Rs12bn for agri sector uplift
ISLAMABAD: The government has allocated an amount of Rs12,000 million in its Public Sector Development Programme (PSDP) 2020-21 for the uplift of...
Rs24bn earmarked for 41 railway projects
ISLAMABAD: The government on Friday allocated funds amounting to Rs24 billion for the execution of 41 ongoing and new projects of the...
Govt plans to obtain Rs2.17tr foreign loans in FY21
Rs1.22tr to be spent on repayment of loans already taken
Business community divided over federal budget
--LCCI president lauds govt for extending tax exemptions; ICCI terms FY21 budget as 'balanced'
--KP businessmen demand reduction in mark-up rate, general sales...
Govt unveils Rs7.3tr ‘tax-free’ budget for FY20-21
–Health budget increases by 130pc; defence budget goes up by 11pc; education sector allocation increases by 7.9pc
–GDP growth target set at 2.1pc...
Aviation sector to receive Rs1.32bn under PSDP 2020-21
Rs110m allocated for installation of weather surveillance radars in Karachi and Multan; Rs519m to be spent on Gwadar Int'l Airport
Stocks plunge 517 points in pre-budget session
KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Friday, as the investors adopted a cautious approach ahead of the...
PSDP 2020-21: Rs6.67bn allocated for IT, Telecom Division
ISLAMABAD: The federal government has allocated Rs6672.984 million for ongoing and new schemes of the Information Technology and Telecom Division under the...
PSDP 2020-21: Govt allocates Rs283m for Establishment Division
ISLAMABAD: The federal government has earmarked a total of Rs282.914 million for ongoing and new development schemes of the Establishment Division under...
PSDP 2020-21: Govt allocates Rs74.5bn for power sector projects
Of the total, Rs72.48bn will be spent on ongoing projects, while Rs2.01bn have been earmarked for new schemes
Experts urge government to bring tax reforms
LAHORE: The country’s leading tax experts and consultants said that the federal budget for 2020-21 presented on Friday failed to address the...
Govt allocates Rs1.32tr for PSDP 2020-21
--Rs650bn have been set aside for federal ministries and divisions; provinces to get Rs674bn
--Rs70bn allocated to Covid-19 responsive; Rs52.4bn development outlay for...
No increase in salaries, pensions in federal budget
LAHORE: The federal cabinet on Friday, while approving the budget for the upcoming fiscal year decided not to increase salaries and pension...
FBR’s tax collection target revised downwards to Rs4.963tr
ISLAMABAD: The Federal Board of Revenue’s (FBR) tax collection target for the next fiscal year has been set at Rs4.963 trillion, according...