Business

PM says accumulation of circular debt is taking its toll on federal government

Budget recommends 5% tax on digital advertising space; Senate panel rejects proposal

ADB and IMF share views on debt risk for countries along BRI

Benchmark index decreases 0.47% to close at 44,536.91

This translates into a growth of 87% and 91%, respectively, over the same period last year

The ADB and the government of Pakistan mutually agreed to include NRSP as an “implementing agency”

Amendments to customs act to meet FATF requirement

Since December, the rupee has cumulatively shed close to 9% of its value

Ministry has endorsed proposal to bring in foreign shipments

Says project will change business environment in Pakistan

Non-tax revenues decrease whereas expenditures go up

Their technology could help in upgrading Pakistan’s furniture sector

Senate panel endorses govt’s view to let changes come into effect this month

Former country director thinks country will not need bailout

Warns failure of deal will force government to give bailout packages to power utility

Increase comes on account of official inflows

Benchmark index decreases 1% to close at 44,746.63

Top tax collecting body briefly froze accounts on non-payment

Market rumours suggest the move is part of IMF’s conditions for another bailout package

The Punjab government will start the wheat procurement drive in the district from today

Prime Minister of Pakistan Shahid Khaqan Abbasi with the team of Civil Aviation Authority (CAA) management

Area lacks filtration plant, street lights and public toilets

Tractor industry’s pending sales tax refunds, which amount to over Rs3 billion

CM expects Sindh to produce 1,200MW of clean energy by year-end

Reduced duty has brought down cigarette prices, slashed govt revenues

CPI still remains at 3.7%, however, high prices in offing

Says formal banking channels will also be established soon

Govt has allegedly taken the step on insistence of a Punjab-based minister

Says future generations will be unable to repay accumulated debt

Benchmark index decreases 0.64% to close at 45,196.37

The fair will provide an opportunity to explore new avenues by sharing vision and expertise

LCCI president urges government not to pass the federal budget till necessary amendments are made

Are investigating use of Facebook data by a British political consultancy

Urges govt to remove sales tax from feedstock supply

Canadian Prime Minister Justin Trudeau said the tariffs were a “very bad idea”

Despite consistent increase in international oil prices. prices in Pakistan were considerably low

World Bank says 90% of Pakistan’s start-ups survive

Seeks NEPRA’s nod to run power plants on imported gas

Asks govt to remove surcharges from power bills, maintain balance between exports and imports 

KCCI chief says China has already eaten half of Pakistan’s economy

Economist Group alleges planning minister has hired inexperienced relative; ministry denies wrongdoing

Transmission of four power plants trip; ministry says generation could take time

The minister approved launch of Information and Communication Technology (ICT) for girls’ portal

Since December, the rupee has cumulatively shed close to 9% of its value

Still misses downward revised target by Rs135b

Also announces profit of Rs4.66b for the year ended March 31

Three fold increase in profits seen

Public gas utility earns Rs2.12 billion in Jan-Mar 2018 quarter

Say govt has ignored many proposals, particularly the demand for CGT rationalisation

Aurangzeb is a well-respected and seasoned banker with more than 30 years of diverse experience