Category: Business

POLICYMAKERS are trying to make low-cost housing affordable for lower-middle and low income segments, and incentivised housing finance into a viable business proposition for banks. The upward revision of property valuation for levying advance and capital gains tax in upwards of 20 major cities may bring down soaring real estate prices. This may also benefit […]

A crisis-like situation in the gas sector re-emerged towards the end of the last week in many parts of the country. A large number of factories in Karachi and Punjab were forced to suspend production while domestic consumers complained that they faced difficulty cooking food or heating water because of gas outages as well as low pressure. […]

Finance Minister Asad Umar on Monday said that differences between Pakistan and the IMF had decreased following Prime Minister Imran Khan’s meeting with International Monetary Fund (IMF) Chairperson Christine Lagarde on the sidelines of the World Government Summit yesterday. “IMF has changed its position,” Umar said in an address at the Chamber of Commerce and Industry in […]

Finance Minister Asad Umar on Monday rubbished reports that the federal government is impeding PayPal’s entry into the Pakistani market, claiming that it is actually “chasing” the online payments giant. Umar, while speaking at the Chamber of Commerce and Industry in Peshawar, was asked if his ministry or any other federal institution was against PayPal expanding its […]

In a bid to foster computer programming skills in children, the Punjab government has established contact with tech giants Microsoft and Google and invited them to come to Pakistan. Tehreek-e-Insaf ✔@InsafPK From this year @SchoolEduPunjab will collaborate with Microsoft and Google for the skill development of school kids so they are equipped to find a […]

PAKISTAN has been bestowed with a large irrigation infrastructure, commanding a land area of around 14.3 million hectares, and yet hardly any attempt is being made to curtail and rationalise the difference between operational costs and water rate. A lifeline for the livelihoods of a majority of rural population, the infrastructure comprises of three large […]

FOR the shortage-stricken agriculture sector the third rain spell in the first 37 days of the New Year has come as a huge relief. According to the meteorological department officials, another substantial spell will visit Pakistan this week and February will have above normal rain and snowfall. Riding these spells, the Indus River System Authority […]

ISLAMABAD: The government will present an alternative formula to the Supreme Court for revival of taxes on mobile phone cards to bridge the revenue shortfall and meet budgetary target instead of imposing any new taxes in the next five months. “No new taxes will be imposed in the current fiscal year to achieve revenue target […]

KARACHI: The Employees’ Old-Age Benefits Institution (EOBI) is unable to collect proper and due contribution from the provinces after the 18th Amendment. The EOBI had been working to achieve the objective of Article 38(C) of the Constitution by providing compulsory social insurance to retired workers for over 40 years in the shape of old-age pension, […]

RAWALPINDI: The Punjab government will be establishing six to eight new industrial zones in the province, said Punjab Board of Investment Chairman Sardar Tanveer Ilyas on Thursday. Mr Ilyas was visiting the Rawalpindi Chamber of Commerce and Industry (RCCI) to meet with local shopkeepers and traders. He said the Punjab government is working on providing […]