Tribune
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MSCI to add Pakistan to FM 100, FM 15% Country Capped index | The Express Tribune
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[ad_1] KARACHI: The Morgan Stanley Capital International (MSCI) has announced to add Pakistan into MSCI Frontier Markets 100 and MSCI Frontier Markets 15% Country Capped indexes in May as global investors showed willingness to invest in local businesses. On Thursday, MSCI announced the conclusion of its consultation on the eligibility of the MSCI Pakistan Index…
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Inflation-hit govt employees get 15% bump in salary | The Express Tribune
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[ad_1] ISLAMABAD: Acting hours before the employees were poised to stage a protest demonstration, the federal government on Wednesday acceded to increasing their salary packages of grade-1 to grade-19 employees by 15%, but excluded about five-dozen departments that are already availing higher than standard pay packages. The move will marginally reduce disparity between the civil…
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Saindak project lease extended for 15 more years | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday approved revised terms of the Saindak Gold and Copper Mine project — a joint venture between Pakistan and China — and extended the lease period for another 15 years to extract metals from the mine. The share of the government of Pakistan has been increased by 3% to 53%…
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Premier focuses on industrialisation | The Express Tribune
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[ad_1] FAISALABAD: The government is focusing on bringing ease of doing business and attracting investment to promote industrialisation in the Special Economic Zones (SEZs), remarked Prime Minister Imran Khan. In a meeting with office-bearers of the Faisalabad Chamber of Commerce and Industry (FCCI) on Wednesday, the premier underlined that the government was striving to provide…
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Budget gap widens 33% in July-December | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday revealed the country’s fiscal health, confirming that the federal budget deficit in the first half of current fiscal year shot up to Rs1.85 trillion, up 33% compared to the same period of previous year. The deficit mainly widened because of higher expenditures as the revenue remained better than the…
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PR mulls switching to locally made components | The Express Tribune
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[ad_1] LAHORE: Federal Minister for Railways Azam Khan Swati has expressed his commitment to switch over to locally manufactured components of locomotives instead of spending huge foreign exchange on the import of these parts from different countries. Talking to a delegation of Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) on Wednesday, the minister…
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Incentives under study for 5G auction | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has notified the constitution of an advisory committee for the approval and inclusion of incentives in the budget for fiscal year 2022-23 to facilitate the auction of 5G technology. The government has set a deadline of launching the 5G technology in December 2022 or January 2023. The committee will review…
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Govt policies hurt tax revenue: FBR | The Express Tribune
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[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…
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Traders reject audit of duty drawback claims | The Express Tribune
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[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…
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PM to inaugurate cotton conference in March | The Express Tribune
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[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…
