Embattled Renault boss Carlos Ghosn has resigned, France’s economy minister said on Thursday ahead of a board meeting at which the French carmaker is to appoint his successors. A senior director from the firm “received last night the letter of resignation from Carlos Ghosn”, who remains detained in Japan, Economy and Finance Minister Bruno Le Maire […]
CLICK HERE TO READ MORE
A day after presenting his second — and the fiscal year’s third — finance bill, Finance Minister Asad Umar said Pakistan’s economy was facing three fundamental problems, and any policy the government devised should be tested against the standard of whether the country was moving towards the resolutions of these fundamental problems. He identified these […]
CLICK HERE TO READ MORE
ISLAMABAD: The amended finance bill has reduced and abolished several taxes as the government accepted the long-standing demand of various sectors including small enterprises, low-cost housing while charges on banking transactions has been abolished for filers. The amended finance bill, presented on Wednesday, has removed the Advance Income Tax on cash withdrawal and cash-denominated instruments […]
CLICK HERE TO READ MORE
KARACHI: Non-food inflation’s weighted contribution to the overall Consumer Price Index (CPI) went up to 93.37 per cent in December 2018 from 88.78pc in the preceding month. According to the State Bank of Pakistan’s Inflation Monitor — December 2018, the share of food inflation, however, witnessed a drastic fall in the overall CPI basket. “The […]
CLICK HERE TO READ MOREIn a short note shared with Dawn late on Monday night, IMF Resident Representative to Pakistan Teresa Daban Sanchez said that raising revenues is the heart of the adjustment effort that the government needs to undertake. “There is an immediate need to stabilise the economy,” she said, adding that “revenue collection is essential to this.” […]
CLICK HERE TO READ MORE
ISLAMABAD: As the use of digital technology and artificial intelligence grows by the day, a mobile company has launched a pilot project to track and curb electricity theft in one of the most difficult areas of the country. The project will be implemented on the electricity feeder of Karkhano area in Peshawar that has a […]
CLICK HERE TO READ MORE
ISLAMABAD: The third money bill of the fiscal year to be presented in the parliament on Jan 23 would offer major incentives to boost stock market, housing, agriculture and industrial sector besides imposing punitive duties on luxury imports. “The main factors of the economic package is to turn around manufacturing and exports, incentivise low-cost housing […]
CLICK HERE TO READ MORE
Agriculture cannot perform up to its potential unless there is a smooth working relationship between federal and provincial governments. This is not the case right now: the federal government wants the removal of the current chief minister of Sindh and treats the opposition parties — the PPP and the PML-N — with utter contempt while […]
CLICK HERE TO READ MORE
KARACHI: The government of Pakistan is making all-out efforts to improve environment for investment and trade in the country, said President Arif Alvi during a meeting with Malaysian Deputy Minister Datuk Seri Shamsul Iskandar Mohd Akin. Measures to strengthen bondage between the two countries were extensively discussed on the occasion with focus being on people-to-people […]
CLICK HERE TO READ MORE
LAHORE: Pakistan has decided to widen the scope of the China-Pakistan Economic Corridor (CPEC), says Minister for Planning, Development and Reforms Khusro Bakhtiar. Unveiling the CPEC’s new vision during a news conference here on Sunday, he said Pakistan and China had signed agreements for industrial, agriculture and socio-economic development projects under the CPEC. Mr Bakhtiar […]
CLICK HERE TO READ MORE