Business
Business
KP’s bias for social spending
EXCEPT for its bigger size and generous social-sector allocation, the Pakistan Tehreek-i-Insaf-led coalition government’s third budget for Khyber Pakhtunkhwa looks…
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…
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…
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…
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…
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…
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…
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…
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…