Agriculture posts meager 0.85 percent growth on reduction in cultivation area

ISLAMABAD: The agriculture has posted meagre 0.85 percent growth in 2018/2019 against the target of 3.8 percent, said Economic Survey 2018/2019 on Monday. Read more »

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 »

Rupee depreciates Rs2.51 on higher import, corporate payments

KARACHI: The Pak Rupee ended down by Rs2.51 against dollar on Monday due to high demand for import and corporate payments as the currency market opened after a week. 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 »

Stocks nosedive by 938 points on budget, Zardari arrest

KARACHI: The stock market on Monday nosedived by 938 points owing to scheduled budget announcement and arrest of Asif Ali Zardari, leader of Pakistan People’s Party. Read more »

FBR nominates focal persons for tax amnesty scheme

ISLAMABAD: Member Inland Revenue – Policy has been nominated as the chief coordinator for successful implementation of tax amnesty scheme 2019. Read more »

Rupee falls by Rs1.60 against dollar in mid-day trading

KARACHI: The rupee fell by Rs1.60 to the dollar in mid-day trading on Monday due to higher demand for import and corporate payments in the interbank foreign exchange market as it was... 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 »

PTBA proposes withdrawal of restriction on input claim under Sindh sales tax

KARACHI: Pakistan Tax Bar Association (PTBA) has urged the Sindh government to withdraw the restriction on claiming input tax by services rendered by a taxpayer. Read more »