Category: Business

ISLAMABAD: The government has introduced regulatory duty in flat rates for six different slabs according to import value of mobile phones in a move to lower tax on ordinary sets as compared to those having higher prices. The regulatory duty on import of mobile phones valuing up to $30 will now be charged at a […]

Prime Minister Imran Khan on Tuesday said the government is taking steps to ensure that a business-friendly environment is provided to foreign investors and to improve the ease of doing business in Pakistan, Radio Pakistan reported. The premier made the comments while speaking to a delegation of the Mitsubishi Corporation in Islamabad. The delegation was led by […]

A type of Takata airbag inflator once thought to be safe has now come under scrutiny after a crash and explosion in Maryland injured the driver of a Honda minivan. The incident forced Honda on Tuesday to recall about 1.2 million vehicles in North and Central America from the 2001 to 2016 model years that […]

ISLAMABAD: A group of foreign renewable energy (RE) sector investors have complained to the prime minister over alleged unfair treatment of their investment plans amid changing government policies. Through a recently created Pakistan Wind Power Foreign Investors Forum, these investors have appealed to the prime minister to take remedial measures before the renewable energy policy […]

KARACHI: Sale of locally assembled cars in the eight months of current fiscal year declined by 1.3pc to 140,462 units from 142,383 units during the same period last year according to data released by the Pakistan Automotive Manufacturers Association (PAMA) on Monday. The decline is mainly attributable to lower working days in February coupled with […]

ISLAMABAD: A parliamentary panel was informed on Monday that the government has yet to put forward legislation for establishing the Naya Pakistan Housing Authority. According to Prime Minister Imran Khan’s announcement, under the Naya Pakistan Housing Programme five million houses would be built for underprivileged classes during the next five years. However, so far, the […]

ISLAMABAD: The government on Monday implemented the much awaited Benami Act – in line with its efforts to document the economy – allowing tax officials to confiscate whole properties, expensive vehicles and bank accounts registered with fictitious individuals. The confiscation will involve all kinds of immovable and movable assets registered with fictitious individuals in order […]

ISLAMABAD: More than $2.3 billion disbursement by the World Bank committed for the current fiscal year has been held up due to bureaucratic hurdles as the government banks on short-term loans from friendly countries to meet its foreign exchange needs. A senior government official told Dawn that 27 development projects under the federal and provincial governments were […]

Prime Minister Imran Khan on Monday said it was important for the government to make cash available for the common man in Pakistan to be able to own low-cost houses. Addressing a ceremony in connection with the launch of State Bank of Pakistan’s finance policy for low-cost housing in Islamabad, the premier said ever since […]

Pakistan has regressed from being self-sufficient in natural gas to becoming a gas importer faced with chronic shortages and rationing. This is a result of flawed policy making and lack of vision in the development of the energy sector infrastructure. Karachi, the economic hub of Pakistan, is bearing the brunt of the mismanagement in the […]