Business News
-
Govt policies hurt tax revenue: FBR | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin on Wednesday directed taxmen to step up efforts to achieve the revised revenue target of over Rs6.1 trillion after they missed previous two months’ targets and projected losing more money due to the government’s policies. Tarin held his first face-to-face meeting with chief commissioners of the Inland Revenue Service…
-
Traders reject audit of duty drawback claims | The Express Tribune
.
[ad_1] LAHORE: Businessmen form the textile sector have rejected the audit of duty drawback claims of exporters and cited that it was contradictory to the vision of Pakistan Customs. They detailed that while the department claimed of moving towards automated clearance procedures as part of the reform agenda, it was forcing exporters to perform lengthy…
-
PM to inaugurate cotton conference in March | The Express Tribune
.
[ad_1] ISLAMABAD: The government is focusing on giving a boost to the production of cotton, the largest cash crop of the country, through a number of programmes, stated Federal Minister for National Food Security and Research Syed Fakhar Imam. Chairing the annual meeting of Agriculture Policy Institute Committee on Seed Cotton (2022-23) on Wednesday, he…
-
Karachi industries awaiting energy relief package | The Express Tribune
.
[ad_1] KARACHI: Despite the fact that the Economic Coordination Committee (ECC) has approved an extension in the incremental consumption package for the steel industry six months ago, Karachi industries are still waiting for an official notification. Businessmen of the city have regretted paying an extra bill owing to the delay in implementation of the decision.…
-
Govt steps up drive against gas theft | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government on Wednesday intensified a nationwide crackdown against the industrial and commercial entities, found to be involved in gas theft and using illegal boosters, to help the gas marketing firms to reduce the duration of unannounced load-shedding. In this regard, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company…
-
Market watch: Bulls dominate as KSE-100 crosses 46,000 mark | The Express Tribune
.
[ad_1] KARACHI: Bulls held sway at the Pakistan Stock Exchange on Wednesday and tossed the KSE-100 index above the 46,000-point barrier after a dip in global crude oil prices aided investor sentiment. The fall in crude prices addressed fears of a significant jump in imported inflation in Pakistan and encouraged market participants to make fresh…
-
Oil prices stable at $90, Iran supply prospects add pressure | The Express Tribune
.
[ad_1] LONDON: Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market. Brent crude futures edged down $0.36, or 0.4%, to $90.42 a barrel by 1150 GMT. US West Texas Intermediate crude fell $0.43, or 0.4%, to $88.93…
-
Toyota overcomes chip shortage to beat Q3 net profit forecast
.
[ad_1] Toyota logo TOKYO: Toyota on Wednesday posted a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts. The Japanese auto giant, which kept its crown as the world’s top-selling carmaker in 2021, left its annual net profit…
-
India-Pakistan trade remains in deep freeze | The Express Tribune
.
[ad_1] LAHORE: The sour relationship between India and Pakistan, owing to the former’s inhumane stance on Kashmir, now into its third year is impacting bilateral trade worth billions between the two nations with no visible signs of resuming anytime soon. Even though recently, the Narendra Modi led government has opened its side of the Kartarpur…
-
Minister seeks World Bank advice | The Express Tribune
.
[ad_1] ISLAMABAD: The new industrial policy will focus on increasing production, export promotion and import substitution to step up industrialisation in Pakistan, declared Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar. In a meeting with World Bank Country Director for Pakistan Najy Benhassine on Tuesday, he discussed the priority areas of engagement to strengthen…
