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1. Revenue collection up 27pc in Feb
(Highlights/Business News)
...  against Rs526bn a year ago, an increase of Rs66bn. The collection under the head of sales tax reached Rs700bn during the eight-month period compared to Rs657bn. The collection under the head o ...
Saturday, 28 February 2015
Monday, 16 June 2014
3. KP budget for 2014-15 set at Rs404.80 bn
(Highlights/Business News)
...  expected to receive Rs27.292 billion as charges incurred in the war against terror. The province is to generate Rs29.260 billion from royalty on gas and petroleum produced in the southern areas showin ...
Monday, 16 June 2014
4. Mango exports to fetch $65m this year
(Highlights/Business News)
... by the EU on Indian mango due to presence of fruit fly. Waheed anticipated that overall production of mango would drop to 1.42 million tonnes this year as against expectation of 1.8 million tonn ...
Monday, 02 June 2014
...  1,501cc to 1,600cc in July-April 2013-14 as compared to 43 units in same period last fiscal year. Only 1,772 units from 1,601cc to 1,800cc found way into the country as against 2,295 units. In 1,801c ...
Monday, 02 June 2014
6. Sugar millers make out case for exports
(Highlights/Business News)
Monday, 02 June 2014
7. Revenue, GDP growth targets missed
(Highlights/Business News)
... owth rate. The main contribution came from the manufacturing sector, which posted a growth rate of 5.5pc against a target of 4.5pc and an output of 3.7pc in FY2012-13. Large-scale manufacturing  ...
Monday, 02 June 2014
8. Sindh announces sales tax amnesty
(Highlights/Business News)
... 1, 2011. The scheme, notified through SRB-3-4/6/2014, has given exemption from penalty along with 95 per cent from default surcharge payable against principal amount of arrears of the tax on services, ...
Friday, 18 April 2014
9. Alarming controversy over urea prices
(Highlights/Business News)
... tion reports (FIRs) against defaulting dealers and slapped over Rs2 million fines. The process was vigorously going on till the writing of these lines. The net result of this tug of war, where  ...
Monday, 07 April 2014
10. Bridging the tax gap
(Highlights/Business News)
...  education. In addition, regular and effective examination of records could be a deterrent against tax evasion and underreporting. At the same time, appropriate training of the relevant staff coul ...
Monday, 07 April 2014
Monday, 24 March 2014
12. FBR detects 40 fake firms
(Highlights/Business News)
Monday, 24 March 2014
...  potential export gains for some product group--- textile ($1 billion), cement ($300 billion), chemicals ($200 million), agricultural products ($300 million), mineral products ($100 million) etc.  ...
Tuesday, 18 March 2014
KARACHI: Rising strength of the rupee against the dollar has enlivened hopes for price drop in various imported commodities by at least five to 10 per cent besides cut in various petroleum products ...
Wednesday, 12 March 2014
15. Rupee continues to rise against dollar
(Highlights/Business News)
KARACHI: The rupee continued to appreciate on Tuesday as the value of the US dollar fell to below Rs100. According to the forex.pk website, the open market rates for the greenback were Rs99.90 ...
Tuesday, 11 March 2014
16. Trade deficit shrinks to $12.5bn
(Highlights/Business News)
...  a growth of 6.41pc to $3.6bn in February 2014 as against $3.383bn over the corresponding month of last year.  ...
Tuesday, 11 March 2014
17. Stocks hit new highs on institutional buying
(Highlights/Business News)
... profit taking after the heavy gains last week were taken aback by strong rally on Monday, powered in great measure by the heavy-weight oil and gas sector, where POL gained 2pc, PPL was up 4pc and OGDC ...
Tuesday, 11 March 2014
18. GDP grows 5pc in first quarter: SBP
(Highlights/Business News)
... cit of $1.2bn in the first quarter of FY14, against a surplus of $0.4bn in the same period in FY13. Although worker remittances posted an impressive 9.1 per cent growth, this was not enough to c ...
Friday, 28 February 2014
... onomist at CIMBNiaga. Under the new requirements, the potential loss in export value could be minimised to $1.6 billion a year against an initial estimate of $5.1 billion, he said. The ex ...
Friday, 28 February 2014
20. Scrutiny of bank accounts
(Highlights/Business News)
Non-corporate business is up in arms against a government decision to give tax collectors the power to peep into the bank accounts of those who they believe are not paying taxes. The businessmen ...
Friday, 28 February 2014
... hip of the national cricket team, raised some 200 billion rupees ($3.2 billion) from millions of savers in a process judged by authorities in 2012 to be against the law. The Sahara empire ext ...
Friday, 28 February 2014
22. Equity prices drift lower
(Highlights/Business News)
... interest was seen in the banking sector followed by cements. Analysts at brokerage Sunrise Capital (Pvt) Limited identified technical correction; uncertainty over operation against militants and macroeconomic ...
Friday, 28 February 2014
23. Stocks close lower; rupee gains against USD
(Highlights/Business News)
... Samar Iqbal at Topline Securities. Lucky Cement Ltd rose 0.39 per cent to 308.45 rupees while Fauji Cement Co Ltd was down 1.72 per cent to 15.97 rupees. The rupee ended higher at 104.90/104.95 against ...
Thursday, 27 February 2014
... months in violation of the rules and regulations. The Federal Public Service Commission (FPSC), after getting the approval from Prime Minister Nawaz Sharif, had conducted an inquiry against Marri who ...
Thursday, 27 February 2014
25.
(Highlights/Business News)
Monday, 24 February 2014
... Programme (PSDP), said that about Rs100 billion had been released to federal ministries as of Feb 14 against an allocation of Rs362bn. Under the disbursement mechanism announced by the government, ...
Monday, 24 February 2014
27. Pakistani stocks end higher; rupee weakens
(Highlights/Business News)
...  The rupee ended weaker at 104.88/104.95 against the dollar compared to Thursday's close of 104.84/104.89. Overnight rates in the money market fell to 7.50 per cent from Thursday's close of 8.25 per ...
Saturday, 22 February 2014
Wednesday, 19 February 2014
29. Remittances rise
(Highlights/Business News)
... respectively. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the seventh-month period amounted to $600.85m as against $605.89m a year earlier. In ...
Wednesday, 12 February 2014
30. Stocks extend overnight losses
(Highlights/Business News)
... at 26240.41. The investor interest was low and final figures showed net outflow in the minor sum of $0.13 million. Day traders and punters entered in larger numbers to make quick gains and purchased ...
Wednesday, 12 February 2014

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