Economy
Nine SEZs to be set up under CPEC: Senate told
Islamabad, May 3, 2019: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Friday informed the Senate that nine Special Economic Zone (SEZs) would be set up including in Bostan (Balochistan) under the umbrella of China Pakistan Economic Corridor (CPEC). Responding to various questions during question hour, the minister said a feasibility report for…
US agreement aims growth
Islamabad, May 2, 2019: As part of ongoing efforts to create jobs and economic growth in both countries, Pakistan and the United States on May 2nd held regular consultations under the U.S.-Pakistan Trade and Investment Framework Agreement (TIFA). The goal of the TIFA meetings is to expand bilateral trade and investment in both goods and…
Large quantity of imported goods illegally removed from bonded warehouse
Karachi, April 29, 2019: MCC Appraisement East has lodged four separate FIRs against several persons for illegal removal of in-bonded goods without the filing of ex-bond GD, thus evading legitimate government revenue to the tune of hundreds of millions of rupees. Information was received in MCC Appraisement West and MCC Appraisement East that certain goods…
Amnesty scheme the real game changer
Karachi, April 26, 2019: For the first time the government is offering domestic real estate amnesty on very lucrative rates. Since yesterday, the draft of the amnesty scheme is viral over social media, if we believe it to be true, then Pakistan is all set to see the asset class boom in the months to…
Reviving Pakistan’s economy, Open letter to PM Imran.
By: Syed Fawad Ali Shah In the early twentieth century agricultural economy was at zenith in the Indo Pak sub-continent and the erstwhile Indian Civil Service was created by the colonial powers for the collection of revenue called at that time land revenue. For that purpose, the Indian Civil service was vested with magisterial powers…