GoP to facilitate Foreign Investors – Advisor on Finance

Karachi: Advisor to PM on Finance Dr Abdul Hafeez Sheikh had an interactive session with foreign investors at OICCI on September 12th, during which he gave a comprehensive overview of the challenges faced by the economy in the past two years and how the GOP has successfully managed to stabilize… Continue reading

SBP gives mandatory targets to banks to increase housing & construction financing to at least 5% of private sector credit by December 2021

To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GoP), State Bank of Pakistan (SBP) has decided to set a mandatory target for banks to extend mortgage loans and financing for developers and builders. Banks will be required to increase their… Continue reading

Exporters also fear about fate of other refunds of income tax, customs rebate, duty drawback as Govt. still has not released billions of rupees, GOP must clear refunds in one go or reduce GST from 17% to 4% or restore Zero-Rating reinstating SRO 1125

Textile Exporters are annoyed and distressed in the wake of highest ever liquidity crunch being faced due to imposition of 17 percent GST whose refunds are excessively delayed by the Government without any justification which has caused hurdles in export production. Anti-Export moves of the Government in the hands of… Continue reading

Textile Exporters fear GoP could not release refunds in FY20-21 and deliberating to operate or close their industries: BILWANI

Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government… Continue reading

Textile Exporters fear GoP could not release refunds in FY20-21 and deliberating to operate or close their industries: BILWANI

Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government… Continue reading

Prgmea Demands Gop for Extension in Cut-Off Date for submission of Incremental Claims of Duty Drawback of Taxes for Fy 2018-19 by 31st July 2020

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Central Chairman Sheikh Shafiq Jhokwala has demanded the Government for extension in cut-off date of submission of incremental claims of Duty Drawback on Taxes (DDT) for the year 2018-2019 from 31st May 2020 to 31st July 2020 to facilitate textile exporters to… Continue reading

Engro Polymers and Chemicals Limited participates at the National Workshop on Affordable Housing

KARACHI: National Workshop on ‘Affordable Housing’ was held yesterday at NED University of Engineering & Technology, Karachi. The workshop primarily focused on the technological innovations & construction materials which can turn the Government of Pakistan’s (GoP) dream of affordable housing into reality. Governor Sindh, Mr. Imran Ismail was the Chief… Continue reading

PSO reports profit after tax of Rs. 4.2 billion in 1H FY19

KARACHI: The Board of Management (BOM) of Pakistan State Oil Company Limited (PSOCL) has reviewed the performance of the Company for first half of the financial year 2019 (1HFY19) in its meeting held on February 16, 2019. The challenging economic trend in the country fueled by rupee devaluation and adverse… Continue reading

ECC approves export incentive package

ISLAMABAD: The Economic Coordination Committee (ECC) meeting chaired by Finance Minister Ishaq Dar has approved the Rs180 billion incentive package for exporters on Wednesday. ECC approved summary submitted by Finance Division regarding Prime Minister’s package of incentives for exporters. ECC was informed by Finance Division about the latest key economic… Continue reading

Climate Change: Tire importer asked to satisfy on ecology and environmental issues

KARACHI: A division bench of High Court of Sindh (SHC) comprising Justide Munib Akhtar and Justice Muhammad Humayun Khan on Wednesday put off hearing as counsel for a petitioner was unable to justify the release of his client’s consignment without obtaining certificate from Climate Change Division, Government of Pakistan (GoP)…. Continue reading