Business

Govt faces resistance over its plans to withdraw sales tax and income tax exemptions being availed by industrialists

Refineries ask govt to allow them dirty fuel production for motorcycles

Says it will reduce cost, make the sector more competitive

Move is aimed at facilitating export-oriented industries

Fertiliser industry says GST refund on urea has reached Rs21.18b

Investors resumed stock buying at attractive valuations following clarity on different issues

Comprehensive five-year textile policy to be rolled out in next eight weeks

Govt includes 300 new schemes worth Rs1.54tr while following in the footsteps of its predecessor

Hafeez Shaikh shares economic roadmap in Islamabad press briefing

Launches strategy focused on creating average of 1.20m new jobs annually over next five years

Amount seems insufficient due to inclusion of more schemes in CPEC portfolio

Approves Rs46.2m for the project that will provide jobs to the youth

Automaker has asked govt to extend deadline for its launch in country

Gets support from Saudi Arabia’s facility for oil supply on deferred payment

Relief will be allocated in budget for consumers using up to 300 units per month

Urges traders to help alleviate poverty; concedes unnecessary delay hit IMF deal

Looks to generate additional revenue to collect over Rs2tr through sales tax

Seeks replies to 18 queries over alleged embezzlement of Rs20b by May 30

US diplomat Paul W Jones calls on Hafeez Shaikh in Islamabad

Officials say tariffs will have limited impact on Chinese wind turbine manufacturers

New rule can put goods from China, Japan, India and others at risk of higher tariffs

Worries over US-China trade developing into a more entrenched dispute have hit prices

Benchmark index rises 0.34% to settle at 35,703.81

Cumulatively, the rupee has shed over 44% of its value since December 2017

Under the agreement AFD would provide a soft loan for the project for a period of 20 years

Will pay special attention to regional equality in resource distribution

The fund will see the financial transfer of four to five natural gas and hydroelectric power plants

Imposition of FED on gas, hike in customs duty are also on the cards

After implementing NSW project, all cross-border clearance will be done through it

Benchmark index rises 944.2 points to settle at 35,581.34

It made the hefty borrowing against the target of Rs600b for the auction

Decrease comes on back of external debt servicing, other official payments

Projects inflation at 8.5%, pointing towards unimpressive economic outlook

APCC recommends Rs1.586 trillion NDB to NEC

Insists negotiations can only continue on the basis of equality and mutual respect

Benchmark index rises 944.2 points to settle at 35,581.34

Brent is set for its biggest weekly fall in 12 weeks and WTI in 15 weeks

Naveed Kamran Baloch replaces Daga as finance secretary

Meeting on billions of dollars worth of foreign investment put off

The decision is aimed at achieving the goals set by the Financial Action Task Force

Gap narrows due to drop in imports, rise in worker remittances

Company executives likely to meet govt officials today

Debt from Beijing stood at $6.5b in Jul-Apr FY19, which was equal to 75% of total loans

Says federal government has been unable to give province’s full share under divisible pool

Chairman urges them to opt for tax amnesty as only 11% are currently registered

APCC will meet today to finalise outlay for uplift schemes

US-based global research house says interest rate hike to help curb inflation, rupee to become stable

Saudi facility will strengthen Pakistan's balance of payments position, says finance adviser Hafeez Shaikh

US stuck Huawei Technologies on a trade blacklist last week

Britain's Official Receiver says the failure jeopardises around 25,000 jobs