Business

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

Steering committee approves a new plan proposed by Pakistan

Pakistan offered incentive in bid to attract relocation of Chinese industries

Benchmark index decreases 0.12% to close at 45,488.86

Can learn and take templates of crucial data that advanced economies collect

Managing external financing, increasing exports will be biggest issues for upcoming govt

With high growth of populace, Pakistan’s development targets may not be met

Tax concessions are appealing, but will reduce overall state revenues

Government declares non-filers not eligible to purchase automobiles

Vulnerable external sector could make Pakistan knock on doors of International Monetary Fund

Will enable the company to refine an additional 24,000 barrels of crude oil per day

Earnings per share of Rs2.30 (March 2017: Rs1.98), represented an increase of 16.2%

Private sector specialist and operations analyst in the team

Share of 3G/4G stands at 95% of overall user base

Acting president says it is people-friendly and pro-industry

Will run a super-critical power plant of 660MW production capacity

Says PML-N should return amount accumulated during its tenure

Analysts expect positive run in light of pro-market budget announcements

Also exempts project sponsors from all duties and surcharges

Pakistan receives amount amid depleting foreign exchange reserves

Miftah says need to go to IMF for a bailout package

Measures taken to encourage manufacturing of computers and laptops

Fertiliser manufacturers biggest beneficiaries

Consumers of electricity and commodities will receive some relief

Trade deficit for current fiscal year estimated at $29 billion

PML-N govt proposes Rs1.1 trillion budget for three wings of armed forces

Govt allocates Rs1,644 million to information ministry

Sets high target despite failing to meet goal in outgoing year

Duty on charging stations for environment-friendly vehicles removed

Pressure to mount on foreign currency reserves due to growing debt pile

Gives incentives to industrialists, stock market as well as importers of coal and LNG

Analysts say market to witness rally immediately

Taxation measures outweigh relief offered to industrialists, agriculturists and salaried

Increase in diesel price, widely used in transport and agriculture sectors, will lead to higher inflation rate

The report does not trigger any immediate sanctions

Amount is 2.9% higher than allocation for 2017-18

Finance Minister Dr Miftah Ismail delivers budget speech in National Assembly

President Mamnoon Hussain administered oath to Ismail during a ceremony at the Presidency

Govt sees dire need for conducting latest census of manufacturing industries

Will frame cyber governance policy in new fiscal year to tackle data theft