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ISLAMABAD: The parliamentarians on Wednesday informed the National Assembly that the export of dates has declined sharply after India slapped a 200 per cent duty on Pakistan’s exports. “It is an issue. The decline in exports of dry dates is directly linked to the Pulwama attack in February,” Parliamentary Secretary...
ISLAMABAD: A commitment to promote greater links and economic growth between the United Kingdom and Pakistan’s tech sector was launched in the British Parliament in London on Wednesday. The initiative will seek to create a Pakistan-UK tech corridor, providing a gateway for greater connectivity between the two countries, a press...
ISLAMABAD: Despite Pakistan’s high current account deficit (CAD), it has remained below those of regional countries, however its volatility is higher than most states, says a report of United Nations Development Programme (UNDP) published on Wednesday. In its analysis on the development priorities of the country in ‘Development Advocate Pakistan’...
ISLAMABAD: Pakistan and Korea on Wednesday signed a $500 million Framework Arrangement 2018-20 for the execution of various development projects. The framework arrangement will enable Pakistan to seek financing from Korean Exim Bank for development of various infrastructure projects. Secretary Economic Affairs Division Noor Ahmed and Ambassador of the Korea Kwak...
KARACHI: Stock market was in bullish frame of mind on Wednesday as the KSE-100 index washed away some of the blood, resulting from the bear rampage a day ago that had dragged the index to a three-year low. The market remained green on Wednesday with the index making intraday high...
ISLAMABAD: The Nati­onal Assembly’s Special Committee on Agricultural Products on Wednesday decided to move a resolution to abolish the withdrawal of import duty to discourage import of cotton. Speaker NA Asad Qaiser remarked that cotton was the country’s strategic crop and boosting productivity and export competitiveness was central to...
LAHORE: The Lahore High Court (LHC) on Wednesday set aside the suo motu powers of the Federal Board of Revenue (FBR) to collect sales tax from the business community without registering them under the Sales Tax Act 1990 and Sales Tax Rules 2006. A two-member bench comprising Justice Sajid Mahmood...
FAISALABAD: Globalisation of Pakistan’s economy is the only solution to survive in the coming decades and in this endeavour the World Bank will assist Pakistan through technology enhancement, skill development and by creating conducive climate for the manufacturing sector. Addressing a meeting at the Faisalabad Chamber of Commerce and Industry (FCCI)...
WANA:  Prime Minister Imran Khan on Wednesday announced an annual package of Rs100 billion for the development of tribal areas and declared that the amount would be spent every year for the next 10 years. Addressing a gathering of tribal elders at Spinkai Raghzai area of South Waziristan, the prime minister...
ISLAMABAD  : The National Assembly on Wednesday was informed that the imports have witnessed a decline of $3.5 billion over the past 10 months. “The government has enhanced regulatory duty on finished products and as a result of which the imports have witnessed reduction of $3.5 billion over the past 9-10...

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corruption economy

Changing of The Financial Guard

After weeks of intense speculation over about his possible exit, Asad Umar resigned as the Federal Minister for Finance. Subsequently he refused the offer...