A huge collection of 3400+ free website templates JAR theme com WP themes and more at the biggest community-driven free web design site
Home / Business (page 50)

Business

Pakistan unlikely to suffer from US-China trade war’

ISLAMABAD (Web Desk) Pakistan’s economy is least integrated in the global value chain and hence, will not suffer significantly from the recent US-China trade war in the short-term.However, Pakistan should revisit its trade and industrial policy and direct its production incentives and preferences under free trade agreements towards products that …

Read More »

Moves may be economic, but players are all political

ISLAMABAD (Web Desk) Every person who observes the economy in Islamabad is asking two questions; why are the most important budgetary steps being taken before the budget day and does the government fear being prevented from announcing the budget.Two most important steps announced in the past fortnight were; the tax …

Read More »

Balochistan budget on May 9

QUETTA (Web Desk) The Balochistan cabinet approved on Friday the provincial government’s decision to present the annual budget of the province for 2018-19 on May 9. The cabinet meeting presided over by Chief Minister Mir Abdul Quddus Bizenjo also decided to stop release of development funds for this financial year by …

Read More »

Escalating trade dispute could derail recovery: WTO

WASHINGTON (Web Desk) A major escalation in the trade dispute between the US and China could derail the global recovery and put “many jobs at risk,” World Trade Organisation chief Roberto Azevedo said on Friday. And most of the impact of an all-out trade war would hit poor countries the hardest, …

Read More »

ECC puts off decision on higher LNG import margins

ISLAMABAD (Web Desk) The Economic Coordination Committee (ECC) of the cabinet has deferred decision on tax exemptions worth billions of rupees and increase in margins on liquefied natural gas (LNG) imports following opposition from the Finance Division which fears it will not be able to meet revenue target.Pakistan State Oil …

Read More »

Govt aims for large hike in current expenditures in its last budget

ISLAMABAD (Web Desk) The Federal Cabinet on Tuesday approved Budget Strategy Paper (BSP) for next fiscal year envisaging Rs1.1 trillion for defence, Rs1.6tr for debt servicing and 5.3pc fiscal deficit in the absence of any foreign aid for budgetary support.Presided over by Prime Minister Shahid Khaqan Abbasi, the meeting also …

Read More »

Rs8.27 trillion irregularities found in govt accounts

ISLAMABAD (Web Desk) The Auditor General of Pakistan (AGP), Javaid Jahangir, has claimed that during the audit year 2017-18 auditors pointed out irregularities amounting to Rs8.276 trillion in the accounts of the federal government.It may be mentioned that this figure is almost double the amount allocated for the fiscal year’s …

Read More »

Pakistan’s growth to slow down to 5.1% in FY19: ADB

ISLAMABAD (Web Desk) After five years of upward movement, Pakistan’s economy is expected to slow down to 5.1% in the next fiscal year 2018-19 because of growing external account challenges, said the Asian Development Bank (ADB) on Wednesday.The Manila-based lending agency has advised Pakistan to tighten the monetary policy and …

Read More »

Economic growth hit 12-year high, claims govt

ISLAMABAD (Web Desk) Govt has missed all major macroeconomic targets For the next fiscal year 2018-19, the outgoing government plans to set the GDP growth target at 6.5%.In its 99th meeting, the NAC approved the provisional growth rate for the outgoing fiscal year, revised the 2016-17 growth rate to 5.37% …

Read More »