China’s business group, Hexing Electrical Group, has informed the government of its intention to establish a new industry in the renewable energy sector. Chairman Liangzhang Zhou, leading a delegation, held a meeting with Minister for Privatisation Abdul Aleem Khan on Saturday, and discussed the proposed investment, and stated that it would be the first industry of its kind in Pakistan in which
The revenue collection during the first two months of FY25 fell short of the projected target by Rs99 billion, raising concerns about the tax administration’s ability to make up the gaps in the months ahead. The Federal Board of Revenue (FBR) collected Rs1.455 trillion in July-August against the projected target of Rs1.554tr, according to provisional figures compiled by the board on Saturday.
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal says that four countries have allocated $27 billion for investment through launching various mega projects in Pakistan under framework of the Special Investment Facilitation Council (SIFC). “The SIFC is a very useful institution and framework under which our four brother countries have allocated $27bn for investment.
Prime Minister Shehbaz Sharif on Sunday expressed satisfaction over a falling rate of inflation and improvements in other economic indicators. In a statement from the Prime Minister’s Office (PMO), he noted that the Consumer Price Index (CPI) fell to 11 per cent in July and welcomed economists’ forecasts predicting a further decline. The premier’s statement came after the Ministry of Financ
The previously tax-exempt packaged milk is now taxed at 18 per cent, making it more costly than in France, Australia, Amsterdam or Paris. A Bloomberg article compares that in dollar terms, a litre of packaged milk costs $1.33 compared with $1.29 in Amsterdam, $1.23 in Paris, and $1.08 in Melbourne. The recent hike in packaged milk prices in Pakistan has raised serious concerns about the nation’