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Yearly Archives: 2020

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...

Pakistan Post’s Revenue Increases by Rs. 7.9 Billion in The Last 2 Years

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The revenue of Pakistan Post has witnessed a remarkable increase during the last two years from Rs. 11.7 billion to Rs. 19.6 billion. The turnaround...

Customer Complaints Against Banks Surge By 100% in 4 Years: SBP

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Customers’ complaints against bank services have risen to over 100 percent in the past four years, said a review of State Bank of Pakistan. The...

Foreign exchange: SBP reserves rise $67m to $12.12b

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The foreign exchange reserves held by the central bank increased 0.55% on a weekly basis, according to data released by the State Bank of...

SBP goes green, expands renewable energy refinance scheme

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In an attempt to encourage clean energy in the country, the State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme...
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