Business

Govt exempts start-up software houses from income tax for first three years

In outgoing year, receipts are 7% lower than the Rs394.8b target

Announces various incentives for farmers to promote growth

Experts believe KSE-100 is likely to come under pressure, albeit briefly

Move comes after builders and developers contribute a meagre Rs112 million in tax collection during 2016-17

Tax incentives and relief announced for IT and agriculture sectors

The island is home to several key suppliers for Apple's iPhone

The Express Tribune looks at the major sectors and how the country fared in each of them

Jul-Mar FY17 expansion is higher than 4.6% in same period of previous year

Country pays Rs1.41tr in debt servicing in Jul-Mar FY17 against annual budgeted estimate of Rs1.95tr

Total government spending pegged at Rs145.97 billion

Setback for ministry which painted a rosy picture of the education sector

Country’s reliance on imported fuel increases to meet growing demand

Despite worrying macroeconomic indicators, Dar says Pakistan will not need another IMF bailout till 2019

However, bill recoveries hit a 10-year high, subsidy cost goes down

Survey says Pakistan’s revenue from major export markets has remained stagnant

Increased production of important crops helped sector

Activity to gain momentum due to spending on CPEC projects

Does not include Rs50 billion exemption given to IPPs

Upcoming upgrade to MSCI EM index and increased liquidity pushes KSE-100 up 40%

The surge includes outgoing fiscal year’s losses estimated at $3.9b

Fundamental issues in economy remain, states think tank

Gunmen pretending to be policemen had kidnapped two Chinese language teachers in Balochistan’s capital

Finance minister says fiscal deficit will come down to 4.2% in 2016-17

Says despite low global petroleum prices Pakistan’s growing debt unfathomable

Says policies framed without private sector’s input could not give desired results

Signs five-year agreement, will transport 2m tons per year

ECC rejects ministry’s argument, restores levies to shield interest of farmers

The currency market has fluctuated regularly in recent months

The closing price of all shares will now be the average price in the last two hours of the trading session

Credits CPEC for providing stimulus to economic growth, foreign investment

Proposes government to collect tax on ‘face value’ of bonus shares, not on market value

Government has provided required funding for two critical schemes, but road projects remain partially funded

Govt to receive $3b more than the original budgetary estimates

APTMA senior vice chairman says it is imperative that export-oriented industries get support

Benchmark index rises over 700 points on institutional buying

Some believe deregulation will create monopoly, allow OMCs to make extra profits

The Gulf-based airline has chosen second-tier cities like Sialkot and Multan due to their trade potential

Investment in infrastructure is aimed at catering to needs of corporate clients

Commits to establishing system to help boost economic growth

Incentives delayed because of lengthy procedure of vetting, ratification.

UNIDO’s proposal came after the conclusion of a successful need assessment mission

Arif Habib Dolmen REIT Management CEO says eight projects shelved plans to get listed

Sindh governor says mega project offers opportunities for Karachi

Despite such a big disaster, power supply was not affected

Power utility chairman says recent breakdown was due to storm in rural areas

Says investors from 26 countries have signed agreements worth billions of dollars

The currency market has fluctuated regularly in recent months

Benchmark index increases 773.46 points to end at 52,146.97

Minister decries lack of cooperation from bureaucracy in efforts to tackle challenges