Category: Business

ISLAMABAD: Amid tight fiscal and contractionary monetary policies, the government is targeting slight improvements in savings and investments, coupled with better performance by agriculture and industry to achieve an economic growth rate of four per cent during the next fiscal year, compared to a dismal growth of 3.3pc during the current fiscal year. According to […]

The US dollar on Monday firmed against the Pakistani rupee, gaining Rs1.50 in the interbank market to Rs150.40. The greenback also gained in the open market by Rs1.70, with one dollar trading for Rs150.50. Currency dealers held the financial year end, coupled with baseless rumors about a higher future value of the dollar, responsible for […]

Prime Minister Imran Khan has said that in view of current financial situation, austerity needs to be exercised at all levels and in this regard, example should be set from the top. PM Imran said this while receiving briefing on Punjab’s annual budget 2019-20 here on Monday. Minister for Planning Makhdoom Khusro Bakhtiar, Advisor Commerce […]

ISLAMABAD: The Pakistan Tahreek-i-Insaf led government is all set to present its first Federal Budget for the fiscal year 2019-20 in the Parliament on June 11 (Tuesday). The budget envisages fiscal management, revenue mobilization, measures for economic stabilization and growth, reduction in non-development expenditures; boosting exports besides providing relief to the masses, promoting investment for […]

LAHORE: The ongoing ‘consultations’ between the government and the textile industry over a key budget proposal withdrawing sales tax exemption enjoyed by exporters under the zero-rated regime broke down on Saturday primarily because of the tax authorities’ failure to produce an efficient, credible seamless mechanism for quick reimbursement of export refund claims. The opinion of […]

ISLAMABAD: The government is mulling to launch easy schemes in the upcoming budget for bringing in new taxpayers, Dawn has learnt from knowledgeable sources. The new schemes will be fined-tuned in the next couple of days before being presented in the cabinet meeting for approval. As part of the proposed schemes, it has been decided to register […]

ISLAMABAD: Pakistan’s economic growth in the financial year ending in June is expected to hit 3.3 per cent, well below the target of 6.3pc set by the previous government, as the government has failed to meet targets in nearly all sectors, according to the Economic Survey. The Economic Survey of 2018-19 is scheduled to be […]

ABOARD PLATFORM: Deep beneath the cold waters of the North Sea lies what French energy giant Total hopes will help feed Britain’s voracious appetite for gas. Total forecasts that the Culzean field, located more than 15,000 metres under the seabed halfway between Scotland and Norway, will cover five per cent of Britain’s gas requirements. “There’s […]

KARACHI: Business leaders in the port city are resigned to a budget that they insist is being written under International Monetary Fund (IMF) dictation. Their entreaties have found few takers in Islamabad and now await the announcement with an air of quiet resignation and wistful dread. A number of business leaders talking to Dawn were unanimous in […]

KARACHI: The single session trade in the outgoing week saw investors dump stocks on Monday with the KSE-100 Index recording a fall of 469 points (1.3pc) and close at 35,505. There were many disenchantments a day before the Eid holidays that caused investors to trim their positions, but the worries centered on two key issues […]