Karachi, June 15, 2020: Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of Pakistan (EFP), has said that the federal budget 2020-21 lacks out-of-the-box solutions to jumpstart economy, cut down costs of manufacturers, create jobs and incentivize exporters amid reduction in business orders. In a Statement, he said that broader policies…
Karachi, June 12, 2020: The federal government for the first time in the history has reduced budget estimates for the next fiscal year 2020-21 compared to estimates of last fiscal year (FY20) due to Coronavirus pandemic. According to budget documents available to thebizupdate.com, the total outlay of budget 2020-21 is estimated Rs 7,295 billion compare…
Karachi, June 08, 2020: Eminent economist Dr. Kaiser Bengali has feared that the federation may further squeeze financial resources of the provinces by further reducing their share in divisible poor and it may further empty pockets of individual tax payers by imposing heavy taxes in the forthcoming budget to be announced on 12th June. “Federal…
Karachi, July 27, 2019: For the digitization of Economy, the policy components of Digital Policy of Pakistan need to be backed by appropriate budgetary allocations by the Government. This was stated by Jameel Ahmad Khan, President of Pakistan Academy of Engineering while delivering his welcome address in the 14th Symposium of the Pakistan Academy of…
Karachi, June 15, 2019: Five Zero Rated Export Sectors (Value Added Textile – Sports Goods – Surgical – Leather – Carpet) reject the discontinuation of No Payment No Refund Regime by abolishing SRO 1125 and term this “IMF Budget” as this is against the PTI Manifesto & Export Policy and is a planned conspiracy to…