sector
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Energy sector largest bank defaulter | The Express Tribune
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[ad_1] KARACHI: Pakistan’s energy sector continued to remain the largest defaulter in the repayment of loans to banks in calendar year 2021, as banks’ non-performing loans (NPLs) increased 3.8% (or Rs31 billion) during the year. “Sector-wise analysis indicates that the rise in overall NPLs (the loans which corporate and individuals fail to repay on time)…
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Miftah assures realty sector of relief | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured the real estate sector stakeholders that their proposal about capital gains tax would be considered by the government. The minister gave the assurance during a meeting with a delegation of DHA Estate Agents Association, headed by its Chief Patron Mian Irfan, according…
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Rs16.6 billion allocated for agriculture sector | The Express Tribune
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[ad_1] KARACHI: The Sindh government has allocated Rs16.652 billion for the agriculture sector in the budget for fiscal year 2022-23. The provincial government aims to improve the irrigation system with the financial support of the World Bank under the Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP). SIAPEP’s implementation will help in improvement of water courses,…
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Auto sector records 46% growth | The Express Tribune
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[ad_1] KARACHI: Despite high car prices, Pakistan’s auto sector recorded a growth of 46% to about 27,000 units in May 2022 compared to the corresponding month of last year. Car sales, including sales of non-PAMA (Pakistan Automotive Manufacturers Association), came in at around 27,000 units, which was almost flat month-on-month amid higher car prices and…
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Real estate taxes to hinder growth of construction sector | The Express Tribune
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[ad_1] ISLAMABAD: The new taxes imposed by the government through the budget for 2022-23 on the real estate sector will badly affect the growth of construction industry and largely increase unemployment, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. “The construction industry plays a vital role in the development of the…
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Rs21b allocated to boost crop yields, livestock sector | The Express Tribune
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[ad_1] LAHORE: Most of the agriculture sector stakeholders have termed the federal government’s announcement of some key measures in the budget for 2022-23 much positive for improving the country’s dilapidated agricultural infrastructure. Federal Minister for Finance and Revenue Miftah Ismail on Friday announced that his government had allocated Rs21 billion for the next fiscal year…
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Tax increase to compound problems for auto sector | The Express Tribune
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[ad_1] KARACHI: In the budget for FY23, Finance Minister Miftah Ismail has proposed an increase in the advance tax on luxury vehicles that will leave a further negative impact on the auto sector, which is already facing an import ban for improving the balance of payments. The minister of finance proposed increase in the tax…
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Power sector to get major chunk of subsidies | The Express Tribune
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[ad_1] ISLAMABAD: The government has increased subsidy allocation to Rs699 billion in the federal budget for next fiscal year 2022-23, beginning July, of which a major chunk will go to the power sector. For the ongoing fiscal year 2021-22, the government had earmarked Rs682 billion for subsidies in the federal budget. However, the actual subsidies…
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Agriculture sector growth stays robust | The Express Tribune
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[ad_1] LAHORE: The agriculture sector of Pakistan has recorded a robust growth of 4.40% in fiscal year 2021-22, thereby surpassing the target of 3.5% and beating the growth of 3.4% in the previous year, said the Economic Survey of Pakistan 2021-22. Except for the staple crop, ie wheat, all other crops have shown an impressive…
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Women’s participation in financial sector vital | The Express Tribune
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[ad_1] KARACHI: Pakistan may increase economic activities significantly by supporting women to play their due role in different stages of management and labour in businesses, as gender diversity has worked well in developing and developed economies around the world. Women’s participation in Pakistan’s economy stands at 21% compared to 79% for men at present. However,…
