Category: Business

ISLAMABAD: The volume of Pak-India bilateral trade posted a growth of nearly five per cent in the first seven months of the current fiscal year from a year ago despite border tension for the past few months between the two countries, Dawn has learnt. Following the attack, last Friday New Delhi withdrew the MFN status […]

KARACHI: As Pakistan’s exports to India face suspension after Pulwama attack on Feb 14, the trading and import of Indian goods, on the other hand, has so far been moving at normal pace. Some businessmen, however, want a “tit-for-tat action” from Pakistani government in view of up to 200 per cent duty imposed by India […]

ISLAMABAD: Pakistan’s fiscal deficit crossed 2.7 per cent of gross domestic product (GDP) in the first half of this fiscal year – the highest in eight years – despite government’s claims to have put the house in order with greater fiscal discipline and austerity. Almost all the major fiscal indicators – both on expenditure and […]

KARACHI: Sindh Chief Minister Syed Murad Ali Shah along with Adviser to the Prime Minister Abdul Razzak Dawood and World Bank country director Patchamuthu Illangovan on Wednesday performed the launching ceremony of the Sindh Business Registration Portal as part of improving business reforms in the province. On the occasion an exhibition was also arranged in […]

KARACHI: Habib Bank Limited declared profit-after-tax at Rs12.4 billion with earning per share (EPS) at Rs8.22 for the financial year ending Dec 31, 2018. It represented improvement of 42 per cent over the PAT at Rs8.8bn and EPS at Rs5.79 from the previous year. The bank recommended final cash dividend at Rs1.25 per share, which […]

LAHORE: The Punjab government is learnt to have started finalising its annual development programme (ADP) of around Rs434 billion for the next financial year, holding hectic meetings for the purpose. Official sources informed Dawn on Wednesday that the provincial government had also convened a session of the Punjab Assembly to seek opinion and suggestions of […]

LAHORE: The Punjab government has accumulated debt of Rs447 billion on account of its commodity operations – wheat procurement, warehousing and sale – in the last 10 years, according to provincial finance minister Makhdum Hashim Jawan Bakht. Speaking at a leadership convention on Wednesday, the minister said the entire commodity operation in food benefitted a […]

ISLAMABAD: The wait for the passing of a supplementary bill in the National Assembly has delayed its likely impact in tax relief to businesses and individuals. The Finance Supplementary (Second Amendment) Bill 2019 was introduced in January with big claims by the government to give instant relief to taxpayers and businesses. However, the passage of the bill […]

Samsung on Wednesday unveiled its first folding handset as part of an effort to rev up demand in the slumping smartphone sector. The South Korean giant’s Galaxy Fold, unveiled at a San Francisco event, services as a smartphone with a 4.6-inch display and unfolds to become a tablet of 7.3 inches. “We are giving you […]

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday hailed business-to-business agreements with Saudi Arabia while stressing on the need to improve standards of Pakistani goods and services to avail maximum potential of the deals. At a media briefing held at the apex body’s capital office, FPCCI high-ups welcomed bilateral arrangements […]