Business

Pakistan shares blueprint with IMF on achieving Rs5.829tr tax target

Survey findings reveal most people unaware of economic terminologies

Minister credits PM for the ‘V-shape economic recovery’; surpassing annual economic growth target of 2.1%

Increase comes on back of receipt of WAPDA Eurobond proceeds

Urge govt to focus on supporting small farmers to enhance agri growth

Asks govt to reduce withholding tax to 0.5% in federal budget for FY22

Auctions three to ten-year bonds to commercial banks

Authorises EAD to sign $1b worth of agreements for July-December 2021

Energy minister says shortfall due to maintenance work at Tarbela

Gulf carrier warns the surface below the paint on some of its Airbus A350s was deteriorating faster than expected

Currency closed at Rs155.69 against the US dollar in the inter-bank market

Fawad Chaudhry says PTI govt inherited elevated levels of debt servicing

France vows to fight for tech giant’s inclusion in digital tax

Bank account can be opened with the help of a court-appointed manager, says State Bank of Pakistan

Loan will be given at a very concessional rate of 2% for a period of 25 years, Saudi envoy tells Omar Ayub

Benchmark index sheds 370.36 points to settle at 47,777.62

Commodity rallies on expectation of recovery in oil demand in second half of 2021

Planning Minister Asad Umar hopeful of securing funding for $7b railway project

Aims to dispose of ageing planes to revamp national flag carrier

Pakistan expects to get $3.1b from IMF in next fiscal year

Currency weakened against the US dollar at Rs155.78 in the inter-bank market on Tuesday

Benchmark index loses 154.68 points to close at 48,147.98

Two new ventures raise a total of $6.6m

Aims to deploy Fibre to the Home platform and blockchain technology

Pakistan, Afghanistan need to hold more policy talks to overcome differences

Government has approved export target at 5.3% for next fiscal year

Heavy Chinese refinery maintenance in May also contributed to decline

Agriculture sector is targeted to grow 3.5%, industry 6.5% and services 4.7%

LCCI warns various associated industries, jobs of millions of workers at stake

Power consumers will get Rs4.4b relief in June bills

Under the facility, cottage industry will get financing of up to Rs10m

Discussions for $1 billion loan tranche expected to conclude on Thursday

Currency has dropped Rs3.04 in past one month

SMEDA CEO says inclusion of Pakistan in Amazon’s seller list will add $1b to export receipts

Industry players demand business-friendly policies in upcoming budget

Experts say Pakistan can become major player by meeting world standards

National Economic Council okays Rs2.1tr for national development outlay

Govt must be committed to reforms without which growth cannot be sustainable

External help from academia regarding expansion plan can also be sought

Zero-rated regime ought to be classic stimulus for dairy sector to have massive impact

OPEC and its allies are sticking to agreed supply restraints through July

Benchmark index gains 90.96 points to close at 48,302.66

Credit cannot be taken away from govt for taking some timely pro-people steps

Three personal finance principles help savers to build strong net worth

US magazine lauds govt’s efforts saying even US and India faced difficulties in dealing with the pandemic

Report findings aim to overcome multiple constraints facing smallholders

Proposal to increase tax on fertiliser, import of crude oil under review

Say it will help revive economic activities in Pakistan

Member IR says trying best to ensure speedy payment of refund claims

Country reports turnaround in output of almost all crops compared to last fiscal year