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Tuesday, January 22, 2019
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LAHORE - The government is going to provide financial and technical assistance to farmers under a project to make irrigation system more efficient and conserved resource oriented in non-canal areas, said spokesman for Agriculture Department Punjab. The assistance will be provided to those farmers who have availability of sufficient quantity...
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) on Sunday called upon the caretaker government to reduce the taxes on real estate sector.“The real estate sector is playing important role in the economic development of the country but imposition of heavy taxes has badly affected its business activities,”...
KARACHI: The central bank will auction Rs5.15 trillion worth of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) in September-November 2018 to help the government finance the budget deficit, the State Bank of Pakistan said on Thursday. The SBP would sell Rs4.850 trillion of three, six, and 12 months...
LAHORE: The rapid descent of Abraaj founder Arif Naqvi and the wave of accusations over misuse of healthcare funds by its investors has put the company on the brink of bankruptcy. Naqvi, who once heralded places like the World Economic Forum in Davos and rubbed shoulders with people like Microsoft...
ISLAMABAD: After 30 percent drop in conventional funding from the international creditors, Pakistan is able to bridge the financing gap through $3 billion oil on deferred payment from Saudi Arabia and another over $3 billion possible assistance from China during the upcoming visit of Prime Minister Imran Khan. Within next...
ISLAMABAD: Pakistan on Thursday briefed the International Monetary Fund (IMF) on energy and infrastructure projects deals signed under the China-Pakistan Economic Corridor (CPEC) amid the fund’s concerns over implications of the energy contracts on the fiscal framework. The IMF team met with officials of the Ministry of Planning and Power Division...
ISLAMABAD: Adviser to the prime minister on industries and production Razaq Dawood on Wednesday said that the rising tension between the US and China over trade tariffs was a good sign for Pakistan as “it would place us in a better negotiating position”. “The prime minister is visiting China on...
KARACHI: A study by the customs department on smuggling and smuggled items has revealed alarming statistics for Pakistan. It estimated that 59% of the total demand for products of over half a dozen sectors of the formal economy, including petroleum, tea, mobile phones and auto parts industry, is met through illicit...
ISLAMABAD: The government has notified increase in profit margins of Oil Marketing Companies (OMCs) and dealers by up to 10pc on petrol and diesel sales effective from July In a letter to the Oil and Gas Regulatory Authority (Ogra), the Petroleum Division has conveyed a secret decision of the Economic...
Industry analysts have generally expressed both positive and negative perceptions about the incumbent government’s amendments to the budget for fiscal 2018-2019 announced Tuesday. While some lauded the budget for giving priority to textile and corporate sectors which will serve as a backbone to industrial growth, others expressed concerns over the...

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ECONOMIC

Economic reforms: Part-XXXXIII

The 1990 NFC made another curious recommendation, which was not part of its original TORs, but based on a reference made by the Council...