Business

Business

Subsidies for various sectors cut to Rs137.6bn

Islamabad: Under an agreement with the IMF, the government has reduced the size of subsidies being offered to various sectors…

2 Min Read

Stocks down by 73 points

Karachi: The stock market witnessed a range bound session on Friday with the KSE-100 index closing down by 73.25 points…

3 Min Read

Textile manufacturers disappointed

Lahore: The large-scale textile manufacturers on Friday rejected the budget for fiscal year 2015-16 as disappointing, saying that it did…

4 Min Read

Pakistan increases military budget by a whopping 11%

Pakistan announced a massive  11 percent increase in its military budget earlier yesterday even  as it continues to fight resilient…

2 Min Read

Tax losses up 39pc despite withdrawal of exemptions

Islamabad: Despite a massive cut in tax exemptions this year, the total amount of foregone revenue on account of these…

6 Min Read

Extra taxes to hurt telecom sector

Lahore: Telecom operators on Thursday urged the government to withdraw its decision to impose extra taxes on the telecom sector…

1 Min Read

Aptma seeks duty-free import of polyester fibre

Lahore: The All Pakistan Textile Mills Association (Aptma) on Wednesday urged the government to bring down import duty on polyester…

2 Min Read

Up to 30pc duty on rice, wheat import proposed

Islamabad: As the country has surplus stocks of wheat, rice and other agricultural commodities, the government is likely to impose…

3 Min Read

SECP approves first REIT fund

Karachi: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday gave approval for Dolmen City REIT, the country’s first…

2 Min Read