Economy
Govt to uplift agro-based industry
Islamabad: October 03, 2023: The federal government has urged for the implementation uniform regulatory regime across all crop varieties to improve the quality seed system in Pakistan. Caretaker Federal Minister for National Food Security and Research, Dr. Kausar Abdullah Malik chaired a meeting on the Seed System of Pakistan and reviewed its challenges and future…
FBR surpasses target: Collected Rs 2 trillion in Q1FY24
ISLAMABAD, September 30, 2023: The Federal Board of Revenue (FBR) has collected tax revenue amounted to Rs. 2,041 billion against assigned target of Rs. 1,978 billion thus exceeding the target by Rs. 63 billion during the first quarter of the current financial year (FY24). The collection is also higher than the same period of last…
KSE-100 Index posts an all-time high profits in FY23
KARACHI: In spite of the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting a healthy growth 20.6% YoY in FY23 and 70.3% YoY in 4QFY23. According to Arif Habib Limited, the growth in profitability (PAT)…
SIFC recommended long term policy-level interventions for a sustainable economic revival
Islamabad, September 27, 2023: Special Investment Facilitation Council (SIFC) resumed the proceedings of the 5th Executive Committee Meeting on 27 September 2023; 2nd session was conducted to review the progress of remaining ministries regarding improving the business environment in the country and macro-economic stability. he Committee recommended concrete measures and policy-level interventions in the short,…
Controlling prices of essential commodities discussed in Capital
Islamabad, September 27, 2023: The Federal Minister of Finance, Revenue and Economic Affairs Division Dr. Shamshad Akhtar held a meeting with the Provincial Finance Ministers at the Finance Division, on Wednesday. The meeting was held in a hybrid format, where the respective Provincial Ministers joined through the video link. The meeting was attended by the…