Business
PWMA demands uniform gas tariff to zero-rated in textile sector across country
Karachi, May 14, 2019: Pakistan Weaving Mills Association’s Chairman, Yousuf Yaqoob has condemned the disparity in natural gas sale pricing between the Sindh and Punjab provinces. While demanding a uniform gas tariff for the zero-rated textile sector across the country, Yousuf Yaqoob stated that gas supply to the exporters of zero-rated textile sector in Punjab…
Khaadi opens fabric stores across Pakistan
Karachi, May 13, 2019: Pakistan’s premier retail brand Khaadi opens seven fabric stores as part of the brands plan to make its apparel collections accessible across the country. Unique to these stores is the introduction of two destination stores located at picturesque sites in Jhelum and Khanewal. Khaadi thrives on innovation and believes this new concept…
Increase in exports is the only solution
Islamabad, May 13, 2019: APTMA is hopeful that the new economic team is capable enough to bring out Pakistan from the present alarming economic situation of the massive fiscal and current account deficits, rising trade deficit gap, unprecedented depreciation of Pak Rupee, highest discount rate in the region, increasing trend in inflation, and negative growth of…
IMF approves $6 bln bailout package for Pakistan
Islamabad, May 12, 2019: The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement economic policies to rekindle economic growth and improve living standards. Financing…
Chairman’s oversight to limit discretionary powers of field officers, President SAI
First decision taken by the Chairman will restore the confidence of tax filers on FBR, Saleem Parekh. President SAI is pleased with the balanced approach on handling recoveries taken by the freshly appointed Chairman FBR. The condition of the Chairman’s approval before seizing bank accounts would make the process transparent by limiting the discretionary powers…