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ISLAMABAD:  Experts have called on the government to simplify the tax regime by reducing the tax compliance cost with the help of digitisation of tax authority’s processes and enhance the capacity and skills of human resources to help achieve much-needed fiscal sustainability. revenues They said this during a policy symposium titled “Agenda...
ISLAMABAD: Pakistan is set to take the next stage of development with hopes to leap up the list of ease-of-doing business by 20 to 30 notches, Ambassador to the US Asad Majeed Khan has said. In an interview with David Bloom of The Forbes magazine, he said Pakistan is pushing its IT...
RAWALPINDI: Egypt keen on investing $1b in Pakistan over the next one year in different sectors, mainly in energy, building, Pharmaceutical, Halal Food and Tourism. The bilateral trade has an increasing trend, $260 million as compared to last year’s $200 million. Both countries are enjoying good relations and there...
Pakistan Telecommunications Company Limited profit increased 14 percent to Rs5.465 billion for the nine months period ended September 30, 2019, translating into EPS of Rs1.07, a bourse filing said. PTCL earned Rs4.779 billion with EPS of Rs0.94 in the corresponding period last year. The company did not announce any interim...
KARACHI: United Bank Limited (UBL) profit increased 49 percent to Rs14.220 billion for the nine months period ended September 30, 2019, translating into earnings per share (EPS) of Rs11.62, a bourse filing said on Wednesday. UBL earned Rs9.493 billion with EPS of Rs7.96 in the corresponding period last year. The...
ISLAMABAD: The Ministry of Planning, Development and Reform has so far authorised the release of more than Rs160.586 billion for various ongoing and new social sector uplift projects under the public sector development program (PSDP) 2019/20 as against the total allocation of Rs701 billion. Of the total amount, the concerned...
LAHORE: Among other industries struggling to survive the economic slump, auto sector is the worst hit as it has lost a large segment of consumers owing to massive rupee devaluation and high interest rates, dispelling the notion: highly localised cars can withstand depreciation shocks better than others. In fact, the...
Stocks on Wednesday wound up with decent gains on value-hunting, soaking up strength from an increasingly growing optimism that Pakistan’s grey-listing will endure at the international terror financing watchdog’s meeting in Paris, dealers said. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index put on 0.58 percent or 197.56 points to...
LAHORE: The Punjab government has decided to provide targeted subsidy to small farmers to financially help them in purchasing farm inputs, including fertiliser, for the next two years, officials said. Small farmers having up to five acres would get direct subsidy on purchase of fertiliser and other inputs through National...
KARACHI: A regional tax office posted 32 percent jump in revenue collection to Rs26.43 billion in the first quarter of the current fiscal year as tax rates on non-compliance increased during the period, sources said on Wednesday. Revenue collection by the Regional Tax Office (RTO)-II Karachi amounted to Rs19.98 billion...

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Economic economy

Pakistan’s economy beyond the IMF

Pakistan’s economy is stuck between a rock and a hard place. On the one hand, historically poor domestic revenue generation by successive governments, excessive...