Tribune
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ICCI demands single sales tax return | The Express Tribune
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[ad_1] ISLAMABAD: The government should assign the task of sales tax collection across the country to the Federal Board of Revenue (FBR), demanded Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Talking to the business community, he said that the government should introduce a single sales tax return in the upcoming budget…
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No further hike in edible oil prices | The Express Tribune
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[ad_1] KARACHI: The PML-N coalition government has assured no further hike in edible oil prices in the local market despite one of the two leading oil producing and exporting countries Indonesia has placed a temporary ban on exports of the commodity across the world. “The country is having enough stocks of the oil which is…
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SPI increases 0.43% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended April 28, 2022 registered an increase of 0.43% for the combined income group, going up from 171.05 points during the week ended April 21, 2022 to 171.78 points in the week under review. The SPI for the combined income group rose 15.86% compared to the…
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Pakistan, China join hands for agri-mechanisation | The Express Tribune
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[ad_1] SUZHOU: Slow adoption of mechanisation technology has been a key reason for low yields and inefficiencies in agriculture in Pakistan, resulting in lower profit for farmers, said Dr Muhammad Waqar Akram, a lecturer in the Department of Farm Machinery and Power, University of Agriculture Faisalabad. He is attending Modern Agriculture Workshop of China-Pakistan Regional…
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Charter of Economy missing from EAC terms of reference | The Express Tribune
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[ad_1] KARACHI: Welcoming the establishment of the Economic Advisory Council (EAC), the business advocacy group Pakistan Business Council (PBC) has pointed out that ministers of commerce and industries have not been included in the board and it also lacks representatives of sectors like agriculture, IT, telecom and startups. “While reviewing the terms of reference (ToR)…
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SBP injects Rs4.1tr into financial market | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has supplied a record Rs4.09 trillion to commercial banks for a short period of seven days to address the liquidity crunch, as the domestic financial market has dried up after lending most of the available funds to the cash-strapped government. The State Bank of Pakistan (SBP) has reported injecting Rs4.09…
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Industrialists demand steps to tackle power shortfall | The Express Tribune
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[ad_1] ISLAMABAD: Industrialists and businessmen have voiced concern over the growing power crisis as the shortfall has shot up to 6,000 to 7,000 megawatts and have urged the government to take urgent measures to overcome the shortage as it will badly affect economic activities besides making life of the common man miserable. Islamabad Chamber of…
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Govt signals growth slowdown | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance said on Friday that economic growth was slowing down to 4%, as the economy confronted inflation risks and external sector pressures, endorsing the viewpoint that had long been held by the international lenders. In its monthly Economic Outlook for April, the economic advisory wing of the finance ministry also…
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PSX falls on monetary tightening fears | The Express Tribune
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[ad_1] KARACHI: Despite a positive start, the Pakistan Stock Exchange failed to sustain the bullish momentum in the outgoing week and succumbed to profit-taking primarily owing to the dismal macroeconomic cues. Jittery investors mainly stayed on the sidelines on concerns over another interest rate hike in the upcoming monetary policy announcement, given that the Karachi…
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Saudi Arabia may cut June crude prices | The Express Tribune
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[ad_1] SINGAPORE: Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as Covid lockdowns curbed demand in China, the world’s biggest crude importer, traders said on Friday. Global markets were rattled last month by western sanctions on Russia, the…
