Centre complains about provinces’ failure to generate revenue
ISLAMABAD: As the provincial governments are reluctant to share the burden of federal expenditures, the Centre has complained about the revenue targets missed...
Asad Umar rules out further rupee devaluation
ISLAMABAD: Finance Minister Asad Umar on Friday ruled out a further devaluation of the rupee, which has lost about 25 per cent...
Amnesty scheme for tax evaders ‘need of the hour’, Umar insists
Finance minister says tax amnesty is controversial, says 'public office-holders, civil servants won't be eligible if scheme does come'
Defends increase...
ECC approves immediate import of 100,000 tonnes of urea
Ministry asked to review the price mechanism of fertiliser industry to ensure the provision of urea to farmers at cheaper rates
ISLAMABAD: In order...
Govt decides to withdraw 10pc duty on 1,700cc and above cars
ISLAMABAD: Succumbing to the pressure of local car manufacturers/assemblers, the government is all set to withdraw its decision of imposing 10pc federal excise...
ADB sees Pakistan’s GDP growth to decelerate to 3.9pc in FY19
Until macroeconomic imbalances are alleviated, the outlook is for slower growth, higher inflation, pressure on the currency, and heavy external financing
...
Facebook Innovation Lab launched in Pakistan
Located in NIC LUMS, the innovation lab will focus on providing infrastructure access to developers, entrepreneurs and community groups, enabling them to...
Qatari investors intend to take Islamabad airport on lease
ISLAMABAD: The Qatari investors have shown a great interest in taking on lease the Islamabad International Airport, sources revealed on Tuesday.
As per details,...
‘Liabilities causing impediments in privatisation of K-Electric’
Power Division secretary says public companies, including SSGC and NTDC, owe Rs125bn to K-Electric
ISLAMABAD: The Senate Standing Committee on Power Division was...
‘POL prices did not increase much due to tax reduction’
Finance minister says there is no doubt that inflation is there, but it is lower than it was in 2008 and...
Pakistan inflation hits five-year high, reaches 9.4pc in March
ISLAMABAD: The Consumer Price Index (CPI) inflation surged to 9.4 per cent on a year-on-year basis in March 2019, as per the statistics of...
PM welcomes Qatar’s interest in exploring investment opportunities in Pakistan
ISLAMABAD: The Qatar Investment Authority (QIA) has expressed a keen interest to invest in housing, energy, tourism and airport management sectors of Pakistan,...
Govt introduces EMI regulations to ensure transparency in payment services
Asad Umar says digitisation can become a major component towards bringing about a fundamental transformation in Pakistan's economy
SBP deputy governor...
PM inaugurates nonstop, luxurious Jinnah Express train
The train will cover the distance between Lahore and Karachi in 15 hours
LAHORE: Prime Minister Imran Khan on Saturday inaugurated the non-stop...
APTMA suggests imposition of 200pc duty on Indian products
ISLAMABAD: Following the imposition of 200pc duty by India on all items exported from Pakistan, the All Pakistan Textile Mills Association (APTMA) has...