Business

Owing to the takeover as well as low oil prices, Shell is cutting at least 12,500 jobs

LCCI chairman said economic growth can only be achieved by reducing tax rates

Ahsan Iqbal termed CPEC a game changer for the region

The committee also recommended a 20% raise in salaries and pensions of the government employees

50MW project worth $76.93 million would supply power to K-Electric

Would increase illegal import of Iranian cement, reduce consumption locally

Benchmark KSE-100 index rises 40.02 points

May include TDPs in priority areas for grant assistance

Has already worked on important power schemes in Pakistan

Petroleum ministry will now seek ECC’s nod for inking deal

Rs63.4 billion spent out of released amount of Rs119.2 billion, according to released position of 11MFY16

Yahoo says it is studying the possibility of a sale as it pursues efforts to revive growth, focusing on mobile users

The National Transformation Programme (NTP) 2020 seeks to cut public expenditures by 40 percent over next five years

Government may have foregone the debt in favour of the Dubai-based buyer

It comes after overwhelming response last year

Says govt has taken several initiatives to increase potential of youth

Signs agreements for setting up 220MW power plant near Sheikhupura

Will help provide fuel to power plants in Punjab.

Phyto-sanitary certificates being issued without hot water treatment

Benchmark KSE-100 index rises 129.27 points

Company starts pre-booking, development causes share price to hit upper limit

Will hurt earnings by 6%, lead to additional tax burden in April-June quarter

FBR may also waive Rs800 million of past tax liabilities

Despite hoopla over Panama leaks, it appears country has reason to be hopeful

Trend of increasing federal spending will not allow space for low-income group

Despite all issues, association satisfied with new tax regime

Budget recommendations only adding to the problems

Govt expects only 10.7% rise in exports, way short of the required pace

Pakistan growth at a much lower rate than South Asian neighbours

Need for a plan stems from a previous MoU to enable women’s economic empowerment

Appreciates zero-rated regime, wants more concessions

Farmers fear fertiliser subsidy will not be passed on to targeted segment

Statement comes after Economic Survey said that company’s output had gone down

Volume, however, was up 4%; major share in increase came from Interbank Funds Transfer

Lost 632 points before gaining 1,161 during last three days

Of the allocated Rs30b, about Rs25b will be spent on varying schemes

Rs1 million have been allocated under the discretionary grant for the premier’s as well as the president’s office

Government allocates Rs860.1 billion for defence in 2016-17, shows increase of Rs85 billion from outgoing fiscal year

Government also ends concession on fertiliser sales

Experts appear unimpressed, argue India doing much more

Budget proposal could slow down growth of 3G/4G subscribers

Government intends to charge FED of Rs1 per kg: Dar

Dar says five sectors to see return of old tax regime

Amount kept lower against outgoing year’s initial target due to sharp fall in crude prices

Revision in CGT structure, increase in tax rates will hurt trading volumes on PSX

Finance minister Ishaq Dar informed the parliament that Rs860billion have been allocated for the armed forces

New budget strikes a balance between fiscal consolidation imposed by IMF and some incentives for the industrial sector

Still seems less given CPEC’s financing requirements

Its chairman has agreed to plea bargain, submitted application with NAB

Passengers would now travel via Etihad Airways to Australia, Europe