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Punjab’s ADP utilisation at highest in 10 years
Province uses 97% of funds, or Rs300.77b, against allocation of Rs308b
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Punjab to set up Auto Parts Technology Park
Will facilitate auto sector in product design, parts manufacturing and testing
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No new taxes imposed
Provincial government proposes cut in tax rates for 10 additional services from 16% to 5%
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PTI govt earmarks Rs12b to prop up agriculture
Funding expected to address food security woes, help country become net food exporter
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Rise in imports surpasses export growth
As a result, trade deficit widens 21% to $21.3b in July-May FY21
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Steel price hike takes toll on economy
Stakeholders fear uptrend can undo all progress made by sector
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PTA working to curb signal boosters
Industry analyst says issue can be resolved if more spectrum is made available
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Job losses in Pakistan reach 0.7m in 2020
Study reveals loss of jobs and livelihood was mainly in informal sector
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Public image of carmakers changing
Auto firm insists Chinese cars are gradually gaining popularity with consumers
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Inflationary pressure likely to surge
Hike in product prices globally is driving uptrend in local market