Business

Business

Ministry seeks increase in defence budget

The defence ministry has called for an increase in allocation for armed forces in the next budget on the ground…

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FY14-15 budget likely to introduce new taxes of up to Rs255bn

The Pakistan Muslim League-N government is set on introducing a number of revenue-generation measures in the budget for financial year…

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Electricity shortage rises to 2,100MW: Up to six hours of loadshedding

Cities and towns and rural areas across the country faced up to six hours of loadshedding, despite closure of public…

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Dar suspends order aimed at recovery from tax evaders

Apparently succumbing to pressure from powerful lobbies, Finance Minister Ishaq Dar has suspended the implementation of an order meant for…

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Interest rate kept unchanged by State Bank

The State Bank has decided to maintain the interest rate at 10 per cent, meaning that no change was made…

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Tax-to-GDP ratio down: Dar

The budget strategy paper for 2014-17 presented to the federal cabinet by Finance Minister Ishaq Dar sets ambitious targets for…

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ECC approves Rs.2bn Ramazan subsidy package

The government decided yesterday to extend a Rs2 billion subsidy package for supply of essential kitchen items at cheaper rates…

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Govt. sets ambitious 7.2pc growth rate target by 2016-17

After missing the economic growth target in its first year because of a poor show by agriculture and services sectors,…

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Enormous gold, copper reserves discovered in Balochistan

Director General Geological Survey of Pakistan (GSP) Dr Imran Khan said substantial reserves of gold and copper have been discovered…

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