Business

Automaker earns Rs601.6m in quarter ended Dec 2018

Step taken to resolve Rs1,276b tax cases, cover revenue shortfall

Its proceeds will go to the bank’s capital resources

People involved in money laundering use legitimate trade to hide their transactions

Government has taken almost no tax collection measure, says expert

Govt waives 50% of outstanding GIDC due against fertilizer, textile, CNG sectors

Development fund for tribal districts increased to Rs20 billion in 2017-18, Senate panel told

Minister says all options being exhausted to address growers' concerns

Drop comes due to external debt servicing, other official payments

Deposit part of $3b financial package aimed at stabilising forex reserves

Benchmark index rises 0.58% to settle at 40,289.16

Feb 1 budget is expected to be full of measures aimed at appealing farmers, small businesses

Rise in US crude inventories eclipses possible US sanctions on Venezuelan oil sector

The aim of the meeting was to explore the possibility of mutual cooperation to create employment opportunities

Substandard and low-quality of produce main reason for the ban

Experts highlight risks of growing global debt, estimated at $250tr, to economic growth

Jamali congratulated all the 25 lucky employees who were declared successful in the balloting

. A senior official of the FBR briefed the committee about the efforts being made to stop these economic crimes

Cumulatively, the rupee has lost 31.8% of its value in the last 13 months

Govt abolishes 0.02% advance tax, allows investors adjustment of losses up to 3 years

Now, non-filers of tax returns can buy new vehicles of up to 1,300cc

Finance minister Asad Umar says balance of payment crisis and budget deficit are big challenges

Increase will put additional burden of nearly Rs4.2b on consumers

Civil-military leaders say Gwadar is jewel of crown for region

Several taxes reduced and abolished, but federal excise duty increased

Power minister Omar Ayub says govt develop more wind and solar power projects through competitive bidding

In Dec, railways inaugurated first freight train in association with private sector

Calls it a vast domain where trade and bilateral ties can be expanded

Prices have also been supported by OPEC-led production cuts

Benchmark index gains 0.39% to settle at 40,057.85

Finance Minister Asad Umar unveils supplementary budget 2019 in lower house of Parliament

Super tax on non-banking companies abolished, finance minister unveils in second mini-budget

Plunge comes due to exorbitant cost of sales

Naz discussed the issues pertaining to extensive tests and delay in the issuance of import permits and certification

The department has initiated a campaign against ticket dodgers, which significantly curbed their numbers

Cumulatively, the rupee has lost 31.8% of its value in the last 13 months

Murad Saeed observes electronic money order, same day delivery and other services have been launched

Says province lacks planning; technology will streamline
the process

Rise comes on back of significant growth in net sales, other income

Claims domestic manufacturers can only meet half of demand

Woodworkers will be imparted training to help them tap export markets

Auto industry official says $1.5b investment expected in vehicle manufacturing

CEO says they are diversifying portfolio and adding products

Has surplus production of food commodities which may be supplied to the region

Now raises ceiling to Rs120 billion, identifies new sectors to enhance collection

Benchmark index rises 0.91% to settle at 39,902.21

Loan reflects Abu Dhabi's keenness to bolster Pakistan’s economy, help its government achieve financial stability

Survey finds banks' stocks of non-performing loans can contribute to squeeze on new lending activity in coming months

A survey showed increasing pessimism among business chiefs as trade tensions and uncertainty loomed over Davos

Loss incurred due to rise in finance cost, fall in non-refinery income