Business

Domestic producers will become non-competitive, corporate taxes will be lost

Resources should be diverted to better opportunities which may have larger impact on economic activity

Industry people say price difference is due to extra operational and logistics costs

LNG import bill will go down by around 5% against total imports of $2b per annum

Premier promises to relax harsh stock market values

Inequality has become the major issue contributing to differences among people

Aim of the meeting was to seek input of food manufacturers, importers and exporters and their recommendations

Cumulative investment of around Rs27b will be made in these parks

Bears dominate due to jitters over falling forex reserves, weak macroeconomic indicators, tight monetary policy

Policy will be finalised by June next year; tariffs will come down

Panellists discuss issues impeding economy like thin exports, currency depreciation and financing gap

Abraaj Group likely to get clearance certificate after making major concessions

India retains its top position, China second with $67b; Pakistan also makes it to top 10 with $19b remittances

Mindshare Pakistan bags Gold in “Media Agency of the Year” at the prestigious Campaign Asia Awards’18

An amount of Rs1.8 million was voluntarily donated by employees from all the hotels and businesses of Hashoo Group

Cumulatively, the rupee has lost 31.8% of its value in the last 12 months

Property prices remain static despite balance of payments woes

Average prices of 15 items rose in a selected basket of goods

FCCI says subsidy has not been adjusted by the public utility

JCC meeting to take place on Dec 20 in Beijing

New system will cut annual import and export cost by $800 million

Producer club will curb output by 0.8m bpd from January

They may be taken over as security to recover $760m in damages from Pakistan

Oil credit facility from Saudi Arabia will start next month

Benchmark index increases 0.68% to settle at 38,562.05 points

SMEs are an integral part of the government’s economic development strategy

'Both countries have a combined market of more than 1.5 billion people but the trade volume needs to be pushed up'

Cumulatively, the rupee has lost 31.8% of its value in the last 12 months

Invites FCCI delegation to international fair for easy access to all required machinery

Well test in Sujawal district shows flow of 9.05 mmcfd

Believe tax concessions will spoil their investment plans

Khusro Bakhtiar says govt taking measures to create environment conducive for industries

It will support govt’s vision of creating jobs, alleviating poverty

Announces Rs5.5 billion gas subsidy to maintain fertiliser prices at current levels

Umar, Finger make first visual contact; IMF wants Pakistan to adopt steeper measures

Burden may grow in coming months due to rupee depreciation, interest rate hike

Reduction will be between 1-1.3 million bpd: delegate

Decrease attributed to external debt servicing, other official payments

Benchmark index decreases 2.55% to settle at 38,300.63 points

Discovery will enable energy sector to reduce demandsupply gap

HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution

Last week, the rupee fell to an all-time low at Rs144 against the dollar in intra-day trading

Meanwhile, Railways Minister Sheikh Rashid invites India and Russia to join CPEC

Swiss delegation expresses prime interest in food processing sector

Committee endorses ban on furnace oil imports as country has surplus fuel

Despite imposition of anti-dumping duties, Pakistan remains favourite dumping ground

Govt will engage international experts for establishing new research institutes

FBR could not meet revenue target due to introduction of lower duty slab

Textile Division secretary says efforts are under way to release tax refunds

Identifies tariffs and para-tariffs, non-tariff barriers, connectivity costs and trust deficit as major hurdles