Category: Business

ISLAMABAD, Jan 6 (APP): Finance Minister Senator Mohammad Ishaq Dar here on Wednesday chaired a briefing session on proposed amendments in the Auditor General of Pakistan’s (AGP) Ordinance 2001.

ISLAMABAD, Jan 5 (APP): Finance Minister, Senator Mohammad Ishaq Dar here on Tuesday chaired a meeting regarding import related payments through banking channels. The meeting was attended by senior officials of the Ministry of Finance, FBR and State Bank of Pakistan, a press release issued here said. It was agreed that SBP and FBR would… Continue reading Source for funding of Non-LC imports have to be declared

ISLAMABAD, Jan 5 (APP): Minister for Planning, Development and Reforms, Ahsan Iqbal on Tuesday said that China-Pakistan Economic Corridor (CPEC) was a project of national importance and would be completed in phases for the economic development of the country.

COLOMBO, Sri Lanka, Jan 5 (APP): Pakistan and Sri Lanka on Tuesday signed eight bilateral instruments in diverse fields including cooperation in trade, financial intelligence, science and technology and healthcare.

ISLAMABAD, Jan 4 (APP): The 10th review of International Monetary Fund (IMF) with Pakistan would start on January 26.

ISLAMABAD, Jan 4 (APP): Executive Director, World Bank, Nasir Mahmood Khosa called on Finance Minister, Senator Mohammad Ishaq Dar here and discussed matters of mutual interests.

ISLAMABAD, Jan 1 (APP): Federal Minister for Finance Mohammad Ishaq Dar on Friday said Voluntary Tax Compliance Scheme (VTCS) would promote tax culture to expand tax net and further strengthen the national economy. “VTCS was finalized on last week with the consultation of traders belong to various political parties and they (traders) appreciated the scheme… Continue reading VTCS to promote tax culture, strengthen economy: Ishaq Dar

ISLAMABAD, Jan 1 (APP): The Central Directorate of National Savings (CDNS) has collected Rs 131 billion as against the proportionate target of Rs 151 billion till December 28, during the current fiscal year (2015-16). An official of the CDNS told APP here on Friday, the estimated target of the national savings for the year 2015-16… Continue reading National Savings collected Rs 131 bln till Dec 28

ISLAMABAD, Dec 31 (APP): Exports of surgical goods and medical instruments registered 3.59 percent increase during first five months of current financial year as compared to corresponding period of last year. During the period from July-November, 2015 surgical goods and medical instruments worth US$ 144.7 million exported as against the exports of US$ 139.12 million… Continue reading Surgical goods, medical instruments export post 3.95 percent increase

ISLAMABAD, Dec 31 (APP):The Economic Coordination Committee of the Cabinet (ECC) here on Thursday considered and approved to extend the period of applicability of 0.3% withholding tax on banking transactions till January 31, 2016. The proposal was submitted by the Federal Board of Revenue in this regard to the ECC, which met here under the… Continue reading Period of applicability of 0.3% withholding tax on banking transactions extended till Jan 31

ISLAMABAD, Dec 30 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Wednesday considered and approved revised cost of Rs 15.865 billion for Islamabad Safe City Project and also gave nod of approval for procurement and manufacture of railway wagons for coal transportation. The meeting of ECNEC presided over by Finance Minister… Continue reading ECNEC approves revised cost for Islamabad Safe City Project

LAHORE, Dec 29 (APP): The Lahore Chamber of Commerce & Industry on Tuesday urged the government to ensure timely completion of China-Pakistan Economic Corridor (CPEC) as it is bound to turn Pakistan into a great investment destination.

ISLAMABAD, Dec 28 (APP): Finance Minister Senator Mohammad Ishaq Dar Monday directed the Federal Board of Revenue (FBR) to further improve the draft Voluntary Tax Compliance Scheme so as to attract maximum number of new tax payers and achieve the aim of broadening the tax base.

ISLAMABAD, Dec 28 (APP): Ashraf Wathra, the Governor State Bank of Pakistan on Monday stressed the exchange companies to play their role in stabilizing the exchange rate in the Kerb market.

ISLAMABAD, Dec 28 (APP): Islamabad Chamber of Commerce and Industry (ICCI) has called for reviewing country’s investment policies with particular focus to attract foreign direct investment in export-oriented sectors.

ISLAMABAD, Dec 26 (APP): In a key Economic Cooperation Organization (ECO) business moot held in Ankara, Turkey, the participants stressed the need for further intensifying of mutual trade and economic cooperation within the ECO framework.

LAHORE, Dec 26 (APP): Federal Finance Minister Senator Mohammad Ishaq Dar on Saturday said the present government is all committed to do away with major challenges of economic revival, energy crisis, elimination of terrorism and extremism from the country and doubling the education and health sectors budget.

LAHORE, Dec 26 (APP): The Lahore Chamber of Commerce and Industry (LCCI) on Saturday welcomed the surprise goodwill visit of Indian Prime Minister Narendra Modi to Pakistan.

ISLAMABAD, Dec 25 (APP): The weekly inflation for the week ended on December 23 for the combined income group witnessed decrease of 0.07 percent as compared to the previous week.

ISLAMABAD, Dec 24 (APP): Due to the prudent economic policies of the incumbent government, the macro-economic indicators were showing resilience and for the first time country’s foreign exchange reserves have reached the historic US$ 21 billion mark.