Business News

Remittances reach to US$19.9 bln mark

  • ISLAMABAD, May 26 (APP): Minister for Finance Ishaq Dar Friday said in the last four years, expatriate Pakistanis have sent remittances to a tune of US$19.9 billion. He appreciated the valuable contributions made by the Pakistanis residing abroad and sending their remittances through banking channels.

  • RCCI terms federal budget as balanced

    RAWALPINDI, May 26 (APP): Rawalpindi Chamber of Commerce and Industry (RCCI) termed the budget 2017-2018 as a balanced one, but expressed hope that the incentives given to the agriculture sector would benefit the farmers and traders related to agri sector. Giving reaction on the proposed budget presented by the Finance Minister Ishaq Dar in the […]

  • Federal budget termed pro-people

    FAISALABAD, May 26 (APP): All leading trade organizations, including the Faisalabad Chamber of Commerce and Industry (FCCI) and Council of Loom Owners Association (CLOA), Anjuman Tajran, hailed the budget and termed it as pro-people and business-friendly. They said it would help in materializing the dream of national progress and prosperity by stabilizing the national economy. […]

  • Exemption from Withholding Tax on Vehicles Leased Under the Prime Ministers Youth Loan Scheme

    59. – To provide relief to the unemployed youth, exemption from collection of advance tax on vehicles leased under the Prime Ministers Youth Loan Scheme is proposed. 60. Relief on Education Expenses- In order to provide relief on education expenses which are unbearable for low income groups, individuals having taxable income less than Rs. 1 […]

  • Increase in salaries, pensions to raise living standard

    ISLAMABAD, May 26 (APP): Economic Expert Sikandar Hameed Lodhi Friday said the government has presented pro-people budget as many incentives have been announced for various sectors. Talking to PTV, he said increase in salaries and pensions of government employees would raise their living standard. He said the government has announced to merge adhoc allowance in […]

  • ZTBL, NBP to give agri loans at reduced rate of 9.9%

    ISLAMABAD, May 26 (APP): Zarai Taraqiati Bank Limited (ZTBL) and National Bank of Pakistan (NBP) will launch a new scheme from July 1, for small farmers with holdings of 12.5 acres, providing them agricultural loans at a reduced rate of 9.9% per annum. This was announced by Finance Minister Muhammad Ishaq Dar during his budget […]