PK-Economy

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....

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...

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...

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%. ...

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...

The Chairman, Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, has said that SECP is embarking on digital transformation, end-to-end process automation and enabling user environment for all its regulatees. The SECP’s project for end-to-end digital transformation and...

The 660MW Unit 2 (CPHGC 2) of the China Power Hub Generation Company (Pvt.) Ltd.  2 x 660 MW coal-fired power plant was successfully synchronized with the national grid of Pakistan on May 28, 2019 as per schedule. The synchronization,...

Central Depository Company of Pakistan Limited (CDC) has reduced its annual fee and tariff structure in the larger interest of the public and to support the stock market. As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is...

Incumbent Government after procedural changes has finalized two state enterprise funds namely Market Support Fund (MSF) and Pakistan Opportunity Fund (POF) to energise the capital market. Economic Coordination Committee (ECC) will formally give the guarantee and approval for the...

Chairman Forex Association of Pakistan (FAP) Malik Bostan Khan has urged the government to immediately implement currency swap arrangement with China and Middle East to strengthen Pakistani rupee. He hoped that China, which is Pakistan’s Iron Brother’ would facilitate the...