Pakistan economy

Economy needs structural transformation that is a painful and enduring process

Industry got a number of incentives in past 11 years but exports fell

It will help achieve 7% economic growth without sparking twin-deficit crisis

Less stringent measures can be introduced for smaller companies or startups to help them raise capital

SAPM Firdous says false claims were being made regarding hike in gas prices

Chief ministers of four provinces and other participants of the meeting will also review water distribution agreement

SAPM Bukhari says the agreement will enable locals to work in 14 sectors of Japan

Move comes after sudden surge in demand from domestic consumers

SBP governor assures private sector of more facilities

World Bank urges federal, provincial govts to end distortions in sales tax regimes

Says Pakistan’s programme is on track and has started to bear fruit, but risks remain elevated

Increase attributed to multilateral and other official inflows, including those from ADB

PTI govt urged to allow both direct and indirect exporters to utilise the Long Term Financing Facility

Minister for Economic Affairs Hammad Azhar says investment in social sector delivers results after ages

Chaudhary Muhammad Sarwar says govt managed to curtail current account deficit but could not gain political advantage

China tour will enable investors to identify potential organisations

Significant surge in gas demand came from Balochistan

ECC likely to give nod to a consortium that will bid for UAE offshore block

PML-N denounces PTI govt’s economic policies

Surge comes due to inflows from telecom companies, online payment firm

Thar coal-based power generation project of 1,320 megawatts paves way for financing of $1.91 billion

Considers amendments to prevent sugar mill owners from deducting and deferring payments

Switzerland rejects Pakistan’s request to provide five years old tax information

Central bank defends investment, saying it poses limited risk

It comes due to addition of two coal-based power plants to system

Governor State Bank of Pakistan says tough part is over for Pakistan

Body was found involved in fixing wheat flour price in violation of law

Petroleum Division floats proposal to eliminate Rs181b circular debt in gas sector

Deadline to file income tax returns for individuals and companies has been extended to December 31, 2019

It is hoped NTP will be used for promoting trade, industrial policies

There is need for developing policy to produce these products from coal

Electric mobility is expanding at a rapid pace throughout the world

Unless savings rate is increased, country is likely to remain in debt trap

Abdul Razzak Dawood says deep seaport will reduce burden on Karachi port

Investor confidence improves following developments on macroeconomic front

Industries minister says investment worth $2b made in industrial estates

High customs duties and lack of banking channels key issues that need to be addressed

Official says retailers should be asked to purchase only from sales tax registered persons

Shariah-compliant banks unable to lend as financing limit hits ceiling

Benchmark index increases 402.42 points to settle at 40,916.59

They, however, indicate improvement in country’s global perception

Ministry official says Pakistan’s businesses have great potential to grow through digital sales

Islamabad, Moscow discuss joint projects for developing oil, gas fields

Later, it is feared to return to depreciation phase in Q4

Pakistan, China universities sign agreement to establish Quinoa Breeding Centre

Move to support manufacturing sector by easing restrictions

ECC approves Rs460m for dealing with pest attack

ADB considering loan for setting up modern wholesale market

Says his country can act as bridge between Pakistan, Central Asia

Released $300m this week for reforms including cut in circular debt