economy

Commerce secretary for making constructive changes in old business models

Discontinues agreement with joint venture firm pushing 300mt out of system

Says provision of furnace oil has been suspended for past several weeks

ECC eases borrowing limits for provinces by up to 167% to meet expenditures

Fertiliser industry players warn hike in gas tariff will hit agriculture sector

Budget made on assumption economy will recover from Oct 1, Senate panel told

Most of foreign investment goes to ongoing projects in Pakistan

Say Covid-19 has dented financial position of textile exporters

NPMC directs CCP to share findings on sector and play proactive role to control increase

Fitch anticipates economic shock will make meeting FY21 targets challenging

Claim minimum tax regime is discriminatory for organisations with large turnover but limited profit

Govt drops key incentive by withdrawing exemption from regulatory duty

8,794 people have been affected by the coronavirus

Excludes revised outlay estimates for the outgoing fiscal year

This evident leakage is just the tip of the iceberg given other forms of kickbacks and corrupt practices

Difficult days are ahead and the growing economic predicament will not end by mere rhetoric and blame game

Move aimed at easing pressure on exporters, earning foreign exchange

Trade slowdown, locust attacks, odd weather cause nightmare for growers, exporters

Bank revises down inflation estimates to 8% in 2020-21

Govt will receive 89% from indirect taxes and 11% from direct taxes

Currency loses Rs1.47 in three days, reaches 165.71

Maritime affairs secretary admits original concession deal offers 20-year tax relief

Encourages banks to view such financing as opportunity to broaden balance sheet

Grants sanctioned to meet excess expenditures, pick cost of bleeding enterprises

Food security ministry directed to prepare summary for discussion in ECC meeting

Terms Gwadar port tax concessions through finance bill ‘unconstitutional’

Laments Covid-19 outbreak has dealt blow to the sector

Chairman says govt needs to provide further funds as matter of extreme urgency

Risk to sensitive oil supply chain threatens country’s energy security

Planning minister says it is the right thing to do under the current circumstances

Khawaja Asif opens debate with trenchant criticism of PM Imran; Planning Minister Asad Umar hits back

Lack of data makes fight against economic, social problems highly challenging

Overseas Pakistanis will be encouraged to send money via banks

Govt looks towards ICT services for education and health solutions

KSE-100 increases 261 points as investors remained cautiously optimistic

Around 53% of additional spending done on account of Covid-19 outbreak

Increase will aggravate woes as most power plants will remain idle due to low demand

No allocation made for foreign loan repayment in hope of rescheduling by lenders

PTI govt sets a daunting task for FBR to collect Rs4.963 trillion revenue

Current account deficit cut only achievement; Dr Abdul Hafeez Shaikh blames previous govt, Covid-19

Up to 19.1m jobs at risk because of lockdowns

LSM records decline of 5.4% in Jul-Mar FY20, auto worst impacted sector that contracts 36.5%

It will be mainly due to sharp decline in economic growth, increase in budget deficit

Pakistan experiencing demand and supply shock due to Covid-19

Drop comes due to external debt repayment of $301 million

Expert terms growth overestimated, says government may revise it

Highest amount of tax concessions given in FY20 to affluent people

NEC sets 2020-21 GDP growth target at 2.1%; development outlay reduced to 1.3tr

OECD sees unprecedented loss of income as measures to contain virus take toll

Kaiser Bengali stresses need for ensuring food security amid pandemic