Business

Dairy sector says withdrawal of zero-rated tax regime would be disastrous

EDF Board also approves setting up fruit packaging, processing plant in Quetta

Will make Rs375m investment, work in association with Dubai’s Vitol

Leading businessman says rationalisation of taxes will have positive impact

Acquires majority shareholding in First MicroFinance Bank

Against Planning Commission’s demand of Rs350b, indicated allocation amounts to just Rs124b

Benchmark KSE-100 index falls 82.92 points

P@SHA president says US social media guru ranked one as among top-five

Committee also urges management to withdraw chargesheet against employees

Project to be completed in two years, will cost around Rs3,037.4m

Shortfall of 5,000MW to 6,000MW expected to be bridged

Pakistan has raised $1.4 billion at interest rate of up to 5.2% in last 6 months

Wants banks to keep reduced policy rate in mind

Tax authority has recommended withdrawing exemptions and increasing GST

Shah says federal govt not supporting Sindh in coal-based power projects

Government of Pakistan has sent draft of a state-to-state deal to the Italian government

Swiss govt opposes initiative, saying it would have to find a colossal 25 billion Swiss francs a year

PHMA chairman said that FBR is bent on proposing draconian moves that would destroy the value-added sector’s exports

Punjab finance minister rues lack of focus on part of federal government

Says there is general lack of knowledge on Pakistani laws

Sports athletes and journalists are also being given concession at the rate of 40% and 80% respectively

Benchmark KSE-100 index falls 141 points

Steel mill was seeking imposition of anti-dumping duty on import of hot-rolled iron and steel products

Outstanding loans amounted to Rs3.27 trillion by April 2016, according to SBP

FPCCI chief says simplified tax system will bring more retailers in the net.

MD expects $200-250m investment after bourse regains emerging market status

More incentives for listing companies, providing housing finance likely

The stake sale would be followed up with a listing of a further 20% of stock exchange shares in the domestic market

One in every two respondents is optimistic about job prospects in next 12 months

Plans to list shares in power companies this year.

Australian expert says modern seeds can add $4.6b to income of farmers

Will help meet  increasing demand for food, fibre, fooder in Pakistan.

Low income of farmers, absence of subsidy hurt tractor sales.

Pakistan could not build pipeline as it still faces threat of sanctions

It is expected to benefit govt in terms of lower debt rollover cost.

Also likely to levy income tax on companies suffering gross losses.

However, it misses critical savings and investment targets in 2015-16

PSX has already reached out to the London, Shanghai, Turkish and Qatar stock exchanges

Parliamentary body could encounter difficulties in conducting the probe

The business confidence in the country has improved to a positive 36% in the last six months

Government should encourage value addition, which will lead to lower consumer prices

People-to-people contact is necessary for fostering economic and trade links

Building and modernising infrastructure will ‘crowd in’ private investment in industries

Infant mortality in Pakistan stands at 66 per 1,000 births, one of the highest in Asia

Lamborghini rolled out its new supercar onto the streets, local millionaires could hit a bump thanks to the 'taxman'

Group focused on growth, terrorism, refugee flows and Britain’s exit from EU

QQE was launched in 2013 and targets both government bond purchases as well as other assets

Hoping to win export orders from American automakers

Responds to allegations of data fudging to show higher than actual growth

Power ministry has to bear mark-up on loans being acquired to pay hydel profit to K-P