Exemptions, concessions cost Rs972.4 billion in 2018/2019

ISLAMABAD: The economy has incurred duty and tax losses to the tune of Rs972.4 billion due to exemptions and concessions during the fiscal year 2018/2019, according to Economic Survey 2018/2019 launched on... Read more »

Economic Survey 2018/2019: Almost all growth targets missed

ISLAMABAD: The outgoing fiscal year 2018-19 witnessed a muted growth of 3.29 percent against the ambitious target of 6.2 percent. The targets set for the various sectors missed or witnessed negative growth... Read more »

Rs10 billion may be allocated for agri projects in budget 2019/2020

ISLAMABAD: The government has decided to allocate record amount for agriculture growth in fiscal year 2019/2020, sources said on Monday. Read more »

Proposals for budget 2019/2020 finalized; salary persons may get increase; rise in additional customs duty likely

ISLAMABAD: The ministry of finance has finalized proposals for budget 2019/2020 and will get approval from the Cabinet before presenting in the Parliament on June 11, 2019. Read more »

Economic Survey 2018/2019 to be launched June 10; GDP growth likely at 3.3 percent

ISLAMABAD: The ministry of finance will present Economic Survey for 2018/2019 on June 10 (Monday) under which the GDP growth may be announced to fall 3.3 percent against the target of 6.3... Read more »

Prime Minister reviews preparations for budget 2019/2020

ISLAMABAD: Prime Minister Imran Khan on Tuesday reviews preparations for budget 2019/2020. Read more »

SECP to facilitate startups under PM’s Kamyab Jawan Program

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has assured to provide all necessary measures for the nascent companies to be registered in communication, tourism and postal sectors under Startup Pakistan Programme... Read more »

ECC approves Rs20 billion fund to support stock market

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Thursday approved State Enterprise Fund worth Rs20 billion to support the stock market of the country. Read more »

Pakistan’s foreign exchange reserves slip to $15.09 billion

KARACHI: The foreign exchange reserves of the country have slipped by $36 million to $15.09 billion by week ended May 24, 2019 as compared with $15.126 billion a week ago, State Bank... Read more »

National Economic Council approves GDP target at 4pc for 2019/2020

ISLAMABAD: The National Economic Council (NEC) in its meeting held on Wednesday approved GDP target at 4 percent for fiscal year 2019/2020. Read more »

Pakistan, China sign four CPEC agreements to boost bilateral cooperation

ISLAMABAD: Pakistan and China on Sunday signed four agreements under China Pakistan Economic Corridor (CPEC) in order to further enhance bilateral cooperation. Read more »

France gives 94 million Euros soft loan to Pakistan

ISLAMABAD: French Agency for Development (AFD) has extended Euro 94.01 million soft loan to Pakistan for extension of water resources, a statement said on Thursday. Read more »