Pakistan economy

PRGMEA says exporters are facing severe liquidity crunch owing to long delay in refunds

Will also discuss appointment of PSO MD in meeting on Tuesday next week

19 RTOs, corporate RTOs and four large taxpayer units have been given instructions

Misses first-half tax collection target due to low economic activity

Too bad that Argentina — fresh from the IMF oven — reconfirms the trade-off between austerity and growth

Offer is one-third of total outstanding dues amounting to $800m

Smartphone ownership forecast to reach 51% of population in 2020

Limit will be raised gradually with effect from January 20

Stand at 24.75m tons against 23.24m tons in same period of FY19

Minister for Planning and Development Asad Umar says uniform policy across country will help attract investment

Move will encourage investment in long-term debt securities

Target gap in textile market as the US looks for alternatives

SBP has 90% shares in HBFC; their sale will pave way for company’s privatisation

If 2018 was shrouded in uncertainty, 2019 brought much-needed clarity.

IMF’s bailout programme, delayed licence fee payments by telecom operators among others provide relief

Official says there is dire need to adopt modern technologies to boost sector

Company will receive additional Rs106 billion under quarterly tariff adjustments

Under IMF programme, government sharply increases power and gas tariffs

Sales may pick up from July next year, but will be lower than previous years

Research houses anticipate bourse will gain momentum, offer handsome return in 2020

Over 10,000 employees will be hired in different cadres for all power distribution companies

Expresses concern over discontinuation of Pakistan pavilion at MAGIC Show

Addition expands already surplus production capacity of sector

Also allows duty-free import of cotton

Govt also gives approval for merging 19 entities of seven ministries, divisions

Developments on internal and external fronts keep index from making substantial gains

Committee formed to discuss issue which will give boost to construction sector

Overall results of business confidence survey show decline compared to last year

Move aimed at documenting economy, will cost central bank millions

Discusses bringing fertiliser prices on a par with international rates

Tells businessmen to bring refund complaints to ombudsman office

NEPRA allows price hike under fuel cost adjustment for October

This comes amid steep rise in public debt and liabilities in past one year

Assumptions suggest average exchange rate of Rs160.64 to a dollar by end of FY20

Bank president says NPLs are 38% of lending that may erode equity

PM welcomes interest, outlines ease of doing business reforms undertaken by govt

Competition Commission of Pakistan says it is a main raw material in pulp and paper production

E&P companies encouraged to find hydrocarbon reserves in high-risk areas

SBP governor says boards of banks with more diversity can play a more effective role in achieving objectives

May impose additional taxes of around Rs150b to achieve collection target

Senator says govt providing utility subsidised electricity, which has caused loss of Rs54b

Staff-level report reveals significant increase in power tariff from next month

Makes discoveries in wells located in Sindh, Balochistan

This will take total excess expenditure above approved budget to Rs392b in FY19

Industry says cost of urea production will rise after gas price hike

Balochistan govt intending to digitalise the transport sector

Consortium of international banks namely Credit Suisse, Mashreq Bank, Noor Bank to extend loan

Sees budget deficit soaring to 7.6%, introduces major changes in loan conditions

Cabinet members observe such test would be disadvantageous for candidates from backward areas

It will help slow down debt flow, improve bill recoveries, reduce losses