Express
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PM Imran unveils incentives package for export industries | The Express Tribune
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[ad_1] LAHORE: Prime Minister Imran Khan on Tuesday unveiled an incentive package for the promotion of the country’s industrial sector, with a focus on attracting investment from local and expatriate business communities. The package is also aimed at strengthening the country’s export-oriented industrial and manufacturing base. According to the premier, overseas Pakistani entrepreneurs, along with…
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Govt set to offer third tax amnesty scheme | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to promulgate an ordinance to offer a third tax amnesty scheme in as many years — this time to industrialists — by offering them to whiten their black money at 5% rate by investing in the manufacturing sector. The amnesty is part of an industrial package that also includes…
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E-payments show robust growth | The Express Tribune
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[ad_1] KARACHI: After receiving a boost in the wake of Covid-19 lockdowns, the uptrend in digital payments continued as Pakistan recorded a robust increase in the number of electronic transactions in the first quarter of fiscal year 2021-22. According to the State Bank of Pakistan’s (SBP) Payment Systems Review released on Monday, e-banking continued to…
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Call to introduce new marble technology | The Express Tribune
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[ad_1] ISLAMABAD: Several construction sector projects are being developed in Dubai and the rest of the UAE and Pakistan has immense potential to increase exports of its value-added marble products to the Middle Eastern nation, said Dubai-based businessmen Amin Noorani and Nasir Ahmed. They made the remarks in a meeting with Islamabad Chamber of Commerce…
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Market mixed over cut in fuel, energy prices | The Express Tribune
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[ad_1] KARACHI: Businessmen and industrialists have welcomed Prime Minister Imran Khan’s announcement of lowering down petroleum prices and power tariff and maintaining them at that level (revised) over the next four months. They, however, cautioned that the decision to cut the energy price was politically motivated which would worsen macroeconomic outlook of the country and…
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Hybrid wheat expected to revolutionise agri sector | The Express Tribune
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[ad_1] BEIJING: “We have submitted our hybrid wheat varieties to Pakistan’s government for approval,” said Guard Group CEO Malik Ali. “Once we gain approval, we will start production of hybrid wheat in Pakistan in collaboration with Beijing Academy of Agriculture and Forestry Sciences (BAAFS),” CEO of the agricultural giant said. “We hope that like hybrid…
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With Russia-Ukraine war, inflation to rise further | The Express Tribune
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[ad_1] KARACHI: Experts have agreed that inflation in Pakistan is expected to spike further following the Russian invasion of Ukraine. Talking to The Express Tribune, Pakistan Business Council (PBC) CEO Ehsan Malik said that Pakistan was already struggling to deal with the surge in global commodity prices and the conflict between Russia and Ukraine would…
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FBR beats Jul-Feb tax target | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) exceeded its eight-month tax collection target by Rs268 billion but narrowly avoided missing the monthly target for the third month in a row after slowing down disbursement of taxpayers’ refunds. Against the original but relatively low tax target of nearly Rs3.53 trillion, the FBR provisionally collected nearly…
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India growth slows, govt cuts forecasts | The Express Tribune
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[ad_1] MUMBAI: India’s growth rate slowed further in the last three months of 2021, the National Statistics Office (NSO) said on Monday as it cut its forecast for the current financial year in the face of higher oil prices and geopolitical tensions. Asia’s third-largest economy grew 5.4% year-on-year in the October to December period, NSO…
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Malaysia keen to boost trade with Pakistan | The Express Tribune
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[ad_1] PESHAWAR: The business community of Khyber-Pakhtunkhwa has urged the concerned authorities to simplify the visa issuance process to boost bilateral trade and economic relations between Pakistan and Malaysia. In a meeting with High Commission of Malaysia Charge D’ Affairs Deddy Faisal Ahmad Salleh on Monday, the traders called for reaping complete benefits of the…
