Wednesday, April 14, 2021

PK-Economy

PIA rose domestic airfares by 90 percent

Pakistan International Airlines (PIA) jacked up the fares for their domestic passengers. With the latest increase, the return ticket of Karachi to Islamabad bound flight is being sold at around Rupees 63,000. The Pakistan International Airlines is charging Rs 31,540...

PSX review: Stock market to remain positive in the upcoming week

This week trading commenced on a negative note in the stock market as the government unveiled missed targets for FY19 in the Economic Survey document along with arrest of Asif Ali Zardari (Ex-President) which resulted in the KSE-100 index...

Pakistani Rupee sheds 3 percent in a single day

US dollar on Friday jumped nearly three percent against the Pakistani rupee, reached an all-time high. As per details, the worth of the greenback increased by Rs2.80 in the interbank market to reach Rs156.80 against 154.00 on Thursday’s close. On Thursday,...

SECP holds roundtable to revamp bancassurance regulatory framework

The Securities and Exchange Commission of Pakistan (SECP) held a roundtable to seek stakeholders’ suggestions and recommendations to revamp the 2015 bancassurance regulatory framework to achieve market development, enhance insurance penetration and protect policyholders’ interests. A large number of representatives...

Pakistan Budget 2019-20: Significant proposed amendments

By Ashfaq Tola   Amendments in Income Tax Ordinance, 2001 1. RULES FOR PERSONS NOT APPEARING IN ACTIVE TAXPAYER LIST – TENTH SCHEDULE The bill proposes to abolish the concepts of “Filer” and “Non filer” and has instead introduced rules in form of...

Pakistan Budget FY 2019-20: Income Tax measures

Deatails of income tax measures in the budget FY 2019-20; Relief Measures Payment of refunds through promissory notes Huge amounts claimed by taxpayers are stuck up in refunds causing a liquidity crunch for businesses. These refunds have accumulated over a long time....

Pakistan Budget FY 2019-20: Salient features of Sales Tax and Federal Excise measures

The budgetary measures pertaining to Sales Tax & Federal Excise are primarily aimed at: RELIEF MEASURES 01. Expansion in scope of exemption allowed in respect of Tribal Areas To settle the post FATA/PATA merger scenario and to extend tax exemptions SRO 1212(I)/2018...

Pakistan Budget FY 2019-20: Salient features of Customs Duty

RELIEF MEASURES 1. To standardize printing and preservation of Holy Quran, import of good quality duty free Art paper is being allowed. 2. Exemption of CD on 18 medicinal inputs/items 3. Exemption of CD on Modular/ Particle Free Operation Theatre 4. Exemption of CD...

Pakistan Economic Survey FY19, Key Highlights

Provisional GDP growth rate clocks in at 3.3%, a 9 year low Pakistan's economy is now worth USD 257bn (PKR 38,559bn). Key growth sectors: Services 4.7%, Industrial 1.4% and Agriculture 0.9%. Major crops witnessed a decline of 6.6%. ...

Pakistan FY20 Budget Preview – A Bitter Pill

The incumbent government is set to build a strategy to navigate through complicated times where the FY20 Budget will address tough economic conditions to revive economic growth (i.e. restrict the twin deficits and target stringent revenue goals via increase...

Latest News

Tabish Gohaur hinders $9.5 billion foreign investment in Pakistan

Country’s economic hub Karachi, which contributes 65 percent of the overall revenue collection, remains victim to the apathy of...
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