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The Economic Coordination Committee (ECC) of the cabinet has formed an inter-ministerial committee to firm up proposals in a month’s time on an incentive package for National Electric Vehicle policy (EVP). Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the ECC of the cabinet where the…
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Systems Limited has announced its financial results for the year ended December 31st, 2019. Pakistan’s oldest software house is continuing its growth run as it reported a huge increase of 47.20% in its consolidated profits for the period under review. The company reported a profit of Rs. 1.56 billion as compared with a profit of…
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Planning Minister Asad Umar has directed for timely completion of the process of reforms in energy market. Chairing a meeting of Cabinet Committee on Energy in Islamabad on Friday, he said all stakeholders including industry should be consulted for formation of new competitive market system. The committee directed NEPRA to take steps to maintain transparency…
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Pakistan Refinery Limited (PRL) is working to upgrade its operational system in order to produce EURO II standard High-Speed Diesel (HSD) by the end of June, which is expected to save a handsome amount of its Rs. 1.15 billion on the account of penalty …
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Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh says the government is committed to provide ease with maximum degree of automation and transparency to the exporters.He expressed these views while chairing a meeting in Islam…
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The Governor State Bank of Pakistan Dr Reza Baqir has emphasized real economic activity is expected to revive soon on the back of recent economic reforms initiated by SBP and the government.These comments were made at an interactive session hosted in t…
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The amount of the remittances transferred into bank accounts will be exempted from withholding tax with effect from July 1, 2020, claimed the Finance Division (FD).Remittances during July-February fiscal year 2019-20 reached $ 15.1 billion. Due to this…
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Prime Minister Imran Khan has said increasing exports is the top priority of the government in of view of revamping country’s economy.He said this while chairing a high-level meeting of Strategic Trade Policy Framework 2020-2025 and Textile Policy 2020…
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Dr Fehmida Mirza attended the ceremony arranged by the women Parliamentary Caucus for celebrating Women’s day, at the Serena hotel in collaboration with the UN. The ceremony was also attended by President, Dr Arif Alvi, Federal Minister for education, …
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