ISLAMABAD, Apr 24 (APP):Adviser to the Prime Minister on Finance Dr Miftah Ismail Tuesday said that the government was set to present a balanced, responsible, and low deficit Federal Budget for the year 2018-19 on Friday (April 27). “We will present a responsible budget that will be acceptable to any upcoming government,” he said while… Continue reading Federal Budget 2018-19 to be more responsible: Miftah Ismail
Category: Business
Business news from Pakistan
Karachi Timber Manufacturing group calls on Rana Afzal
ISLAMABAD, Apr 24 (APP):The Karachi Timber Manufacturing Group delegation called on the Minister of State for Finance Rana Muhammad Afzal Khan here Tuesday and discussed matters of mutual interests. The delegation was led by the General Secretary of the group, Mukhtar Dosani, a statement said here today. Members of the delegation discussed with the Minister… Continue reading Karachi Timber Manufacturing group calls on Rana Afzal
President SME Bank, MoS Finance discuss expansion in Bank’s outreach
ISLAMABAD, Apr 24 (APP):President Small and Medium Enterprises Bank, Ihsan ul Haq Khan called on the Minister of State for Finance Rana Muhammad Afzal Khan here Tuesday and discussed expansion in Bank’s outreach. He shared with the Minister, the proposal for increased funding requirements and expansion in the Bank’s network through opening of more branches… Continue reading President SME Bank, MoS Finance discuss expansion in Bank’s outreach
Gov’t to announce tax relief of Rs 80 bln in next budget: Rana Afzal
ISLAMABAD, Apr 24 (APP):Minister of State for Finance, Rana Muhammad Afzaal Tuesday said that the government would announce in the up coming budget 2018-19, a tax relief of around Rs 80 billion for salaried class of the country. From July 1, 2018, the people who have income of less than Rs 100,000 per month, will… Continue reading Gov’t to announce tax relief of Rs 80 bln in next budget: Rana Afzal
Economic Survey, a Pre-Budget Document to be launched Thursday
ISLAMABAD, Apr 24 (APP):The government is all set to launch the Economic Survey 2017-18 on Thursday, April 26, to share key economic indicators and the performance of different sectors of the economy during the year. The survey would highlight the main features of the government’s economic policies, which had resulted in macro-economic stability and growth… Continue reading Economic Survey, a Pre-Budget Document to be launched Thursday
German investors keen to invest in Pakistan: Dr Martin Herzer
FAISALABAD, Apr 23 (APP):Commercial Counselor Embassy of Germany Islamabad Dr Martin Herzer on Monday said there was a vast scope of enhancing Pak-German bilateral trade relations whereas German investors were also taking keen interest to invest in various sectors in Pakistan. He was addressing the exporters at Pakistan Hosiery Manufacturers and Exporters Association (PHMA) North… Continue reading German investors keen to invest in Pakistan: Dr Martin Herzer
Rana assures vanaspati manufacturers of resolving their issues
ISLAMABAD, Apr 23 (APP):Minister of State for Finance, Rana Muhammad Afzal khan Monday assured the vanaspati manufacturers of all possible cooperation in resolving their problems. He was talking to a delegation of Pakistan Vanaspati Manufacturers Association, led by Abdul Waheed, Chairman that called on the Minister here Monday. The delegation discussed with the Minister tax-related… Continue reading Rana assures vanaspati manufacturers of resolving their issues
Budget to focus on economic stability, growth: Rana Afzal
ISLAMABAD, Apr 23 (APP):The budget for the upcoming fiscal year 2018-19 will focus on economic stability and growth, as the government had taken feedback from all the stakeholders for preparing the budget, Rana Muhammad Afzal said Monday. Briefing the National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs, he said that proposals were taken… Continue reading Budget to focus on economic stability, growth: Rana Afzal
CPEC will make Pakistan hub of development: Ahsan Iqbal
KARACHI, Apr 23 (APP):Federal Minister for Planning and Development Ahsan Iqbal Monday said that Pakistan will become hub of development with the help of China Pakistan Economic Corridor (CPEC). This he said while addressing the inaugural session of two-day CPEC summit, being hosted by Dawn Media Group in collaboration with the Ministry of Planning and… Continue reading CPEC will make Pakistan hub of development: Ahsan Iqbal
Pakistan for developing trade relations with African countries
ISLAMABAD, Apr 23 (APP):Additional Secretary Commerce (Trade Diplomacy), Javed Akbar Bhatti said that Pakistan is keenly interested in developing bilateral and trade relations with African countries including Cotton-4 (C4) countries (Benin, Burkina Faso, Chad and Mali). Welcoming the delegation of Ambassadors of C-4 countries led by H.E Eloi, LAOUROU, PR/Ambassador Permanent, Mission of Benin here… Continue reading Pakistan for developing trade relations with African countries
NA body directs devising strategy to boost agriculture sector in GB
ISLAMABAD, Apr 23 (APP):The National Assembly Standing Committee on Kashmir Affairs and Gilgit-Baltistan Monday directed the ministry to make special projects in consultation with the government of Gilgit Baltistan for development of agriculture sector in the Public Sector Development Programme (PSDP) of next year. The 39th meeting of National Assemblly Standing Committee on Kashmir Affairs… Continue reading NA body directs devising strategy to boost agriculture sector in GB
Textile exports surge 7.77 pc in 9 months
ISLAMABAD, Apr 23 (APP):The textile group exports from the country increased by 7.77 percent during the first three quarters of current fiscal year as against the exports of the corresponding period of last year. The exports of textile were recorded at $9.99 billion during July-March (2017-18) against the exports of $9.27 billion during July-March (2016-17),… Continue reading Textile exports surge 7.77 pc in 9 months
PARC board approves 24 projecrts for fudning under ALP
ISLAMABAD, Apr 23 (APP):Technical Advisory Committee of Agriculture Linkage Programme of the Pakistan Agricultural Research Council (PARC) had approved 24 research and developmental projects under ALP funding to promote and develop agriculture and livestock sectors of the country for rapid socio-economic growth of the country. The approval to this effect was given in the 41st… Continue reading PARC board approves 24 projecrts for fudning under ALP
USC proposes Rs 1.733 billion for Ramzan Relief Package
ISLAMABAD, Apr 23 (APP):Utility Stores Corporation (USC) has proposed Rs 1.733 billion subsidy for Ramzan Relief Package in order to provide daily-use goods on controlled rates to facilitate people during holy month. The Corporation intends to provide 19 essential commodities on subsidized rates to facilitate the middle income and lower income people through its… Continue reading USC proposes Rs 1.733 billion for Ramzan Relief Package
Govt releases Rs 1,011.04 million for agriculture development
ISLAMABAD, Apr 23 (APP):The government has released Rs 1,011.04 million under Public Sector Development Program ( PSDP) 2017-18 for different research and developmental projects of Ministry of National Food Security and Research as against the total allocations of Rs 1,615.969 million for current fiscal year. According the data of Planning Commission of Pakistan, during last… Continue reading Govt releases Rs 1,011.04 million for agriculture development
Industrial sector grows at 5.8pc in FY2018
ISLAMABAD, Apr 23 (APP):The industrial sector of the country is projected to grow at 5.8 percent during the current fiscal year 2017-18 against the growth of 5.43 percent in 2016-17 and 5.69 percent in 2015-16. Among the industrial sector, the mining and quarrying sector would grow by 3.04 percent compared to the negative growth of… Continue reading Industrial sector grows at 5.8pc in FY2018
Rs 1.458 bln spent on Research and Development since 2013-14
ISLAMABAD, Apr 23 (APP):Ministry of Science and Technology (MoST) has spent Rs 1.458 billion on Scientific and Technological projects on Research and Development activities since 2013-14 to this year. An amount of Rs 407.732 million was spent in 2013-14, followed by Rs 296.974 million in 2014-15, Rs 293.86 million in 2015-16 and Rs 460.443 million… Continue reading Rs 1.458 bln spent on Research and Development since 2013-14
PML-N govt to present people-friendly budget on April 27: minister
FAISALABAD, Apr 22 (APP): State Minister for Finance Rana Muhammad Afzal Khan on Sunday said the PML-N government would present its fifth budget on April 27 which will not only be people-friendly but will also provide the maximum relief to the masses. Addressing a reception hosted by Markazi Ulema Council (MUC) at Ghulam Muhammad Abad… Continue reading PML-N govt to present people-friendly budget on April 27: minister
LCCI chief for result-oriented budget to end economic miseries
LAHORE, Apr 22 (APP):Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javaid on Sunday emphasized the need for a result-oriented federal budget aimed at addressing the miseries of trade, industry and economy. The LCCI president told APP here that federal budget was the most important document of any country as it set economic… Continue reading LCCI chief for result-oriented budget to end economic miseries
ICST demands package for agriculture sector in upcoming budget
ISLAMABAD, Apr 22 (APP):Terming the agriculture as the backbone of the economy, Islamabad Chamber of Small Traders (ICST) Sunday demanded purposeful relaxations for this sector in the upcoming budget to strengthening it. “The agricultural sector should be given a package aimed at improving lives of millions of farmers and improving the output which is not… Continue reading ICST demands package for agriculture sector in upcoming budget