Industrialists’ main interest is in low-interest rate on May 28, 2021The interest rate policy is the much-awaited occasion for those who have bucks, who want to borrow/return bucks and those who have no bucks at all. The Monetary Policy Committee (MPC) of the State Bank of Pakistan said on Friday that the policy rate would remain at 7% for the next two months. According to […]
Textile exports jump 17.35% in 10 months to $12.69bn on May 21, 2021ISLAMABAD: The exports of textile commodities witnessed an increase of 17.35 percent during the first 10 months of the current fiscal year as compared to the corresponding period of the last year and surged by 213 percent on a year-on-year basis (YoY). The textile exports were recorded at $12692.840 million in July-April (2020-21) against the […]
Cement sector posts profit of Rs12.5 billion in 3QFY21 on May 20, 2021 The country’s cement sector posted a stellar increase in profits of 100pc QoQ as profit after tax stood at Rs12.5bn for 3QFY21 against Loss after tax (LAT) of Rs1.8bn for 3QFY20 while gross margins stood at 30pc against 4pc and 25pc for 3QFY20 and 2QFY21 respectively. The increase in profitability was supported by an […]
Pakistan Business Council proposes govt to devise pro-growth economic policy on May 12, 2021The Pakistan Business Council (PBC)- an alliance of about 82 of the largest Pakistani business houses claiming about 18 per cent share in the country’s revenue and GDP — has recommended the federal government and the Economic Advisory Council (EAC) to devise equitable, predictable, pro-growth and pro-formalisation fiscal policy. According to the PBC, the Pakistan’s […]
Official curriculum for Friday sermons on September 21, 2017Interior Minister Ahsan Iqbal wants to introduce an official curriculum for weekly Friday sermons at mosques to combat extremism and shape public opinion in favour of democracy. This is a welcome step but it is fraught with uncertainties. One is not certain if it is just minister’s lip service to sooth the public before Muharram […]
PML-N compromised its promise to end govt borrowings, minimising direct taxation to reduce burden on masses on March 19, 2017 According to the Ministry of Finance, Pakistan’s net public debt has crossed the Rs18.28 trillion mark, rising about 35 percent during the tenure of the ruling Pakistan Muslim League-Nawaz (PML-N). “The volume of net public debt as on Sept 30, 2016, was Rs18,277.6 billion,” the ministry’s response to PPP’s MNA in the National Assembly […]
Outlawed terror groups have links with mainstream political parties on August 16, 2016LAHORE: Q. Who is undermining anti-terror efforts? NACTA has to be made effective. Its governing Board, chaired by Prime Minister and staffed by top civilian and military authorities, was supposed to meet regularly, but hasn’t. Nobody expected Operation Zarb-e-Azb to be a short term proposition. The most striking aspect of the operation was the categorical […]