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Monthly Archives: August, 2020

July Exports Post 5.8% Growth YoY

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Exports in the country increased by 5.8 percent in July 2020-21 to $1,998 billion compared to $1,889 billion in the same month in 2019-20. Export growth in...

PIA Employees Being Offered Voluntary Separation Scheme

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In addition to providing a voluntary separation scheme (VSS) to Pakistan International Airlines (PIA) workers, the Government plans to set up another body called 'Mainline-1 Authority' for...

Solar Revolution in Agriculture: Plan beyond Present

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Pakistan entirely depends on groundwater to sustain its agricultural production and to guarantee food health. However, it is feared that the ongoing wasteful groundwater abstractions may have...

Decline in Remittances Will Affect Businesses & Households in Pakistan: IMF

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The decline in remittances for economies such as Pakistan where remittance inflows represent more than 5% of GDP will imply significant hardship for many...

FBR: Builders Opting for FTS Not Required to Withhold Tax

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The Federal Revenue Board (FBR) has declared that construction companies and developers opting for the Fixed Tax Scheme (FTS) are not allowed to defer income tax...

Cement offtake increased 41% to 4.97m tons in July

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The total cement offtake increased by 41% year-on-year (YoY) to 4.97 million tons in July 2020, with domestic dispatches rising 36% YoY to 4.06 million tons,...

Pakistan May Become a Regional Hub for Trade: Yao Jing

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China's ambassador to Pakistan Yao Jing said that Pakistan has tremendous potential to become a regional center for trade and strong connectivity, and the China Pakistan...
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