Friday, February 21, 2020

PK-Economy

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...

SECP embarks on digital transformation, launches LEAP

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...

CPHGC unit 2 synchronized with national grid

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,...

CDC reduces annual fee by 65 percent, rationalise tariff for five years

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...

ECC will announce Market Support and Pakistan Opportunity funds on May 30

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...

Currency swap arrangement with China and Middle East need of the time: Malik Bostan

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...

Latest News

Reports of Russian intervention supporting Trump in the US 2020 elections

Informed sources reported that Shelby Pearson, the chief election security official in US intelligence, had warned lawmakers that Russian...

China: Corona virus death toll rises to 2239, and 75,567 infections

China’s National Health Committee announced on Friday that it has received reports of 889 new confirmed cases of the new Corona virus, and 118...

Confirmed Coronavirus cases in Japan increased to 621

The Japanese authorities announced the registration of 79 new confirmed cases of coronavirus on the ship "Diamond Princess", bringing the number of confirmed cases...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes the names of: Sajid Javid,...

Canadian Prime Minister chairs a meeting to discuss Coronavirus

Canadian Prime Minister Justin Trudeau has convened an Incident Response Team meeting to discuss progress in the Canadian government’s response to the new Corona...