China and Pakistan reluctant to give concessions in FTA 11 on December 1, 2016ISLAMABAD: Pakistan and China are reluctant to give specific concessions to each other in the Free Trade Agreement II. An official said that both countries agreed to hold seventh round of meeting on December 5-6 in Islamabad after the stalemate of one year over reaching an agreement on the revival of preferential tariff on exportable […]
China stands with Pakistan come what may: envoy on November 28, 2016ISLAMABAD: Chinese Ambassador to Pakistan Sun Weidong has said that no matter what the international scenario would be, the policy of strategic cooperation between China and Pakistan would not change in coming times. He was addressing to the participants of a round table session on China Pakistan Economic Corridor, current progress status, future tasks and […]
NA body says NTS fleecing educated youth on November 23, 2016ISLAMABAD: The National Testing Services (NTS) should be closed down as it is fleecing educated youth, said the National Assembly’s Standing Committee on Finance. The body met on Tuesday under the chairmanship of Qaiser Ahmed Sheikh. To a point of objection by Siraj Khan, the NTS chairman said the organisation is not making money. He […]
Add top Chinese exports to tariff concession and elimination list on November 22, 2016ISLAMABAD: Pakistan’s top performing exports to China should be added to tariff concession and elimination list so that Pakistan could benefit from the indicative export potential value of $20 billion to China. The Pakistan Business Council urged the government to divert more high potential exports towards China to make full use of existing and future […]
Senate body expresses displeasure over FBRs inaction on November 17, 2016ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Privatisation has showed its displeasure over Federal Board of Revenue (FBR) Chairman Nisar Muhammad not taking action against officials taking bribe from a Korean company in Azad Jammu and Kashmir (AJK). The committee met under the chairmanship of Senator Saleem Mandviwalla on Wednesday in which the […]
Fiscal deficit stands at 1.3pc during Q1 on November 15, 2016ISLAMABAD: The government has been able to limit fiscal deficit at 1.3 percent during the first quarter of the current fiscal year by showing Rs 38 billion as statistical discrepancy in the budgetary operations. Finance Ministry uploaded the summary of consolidated federal and provincial budgetary operations for July-September 2016-17 on Monday. Total tax revenue during […]
Trade deficit reaches $9.3bn on November 13, 2016ISLAMABAD: Pakistan recorded a trade deficit of $9.3 billion in the first four months of the ongoing fiscal year, widening 22% year-on-year and far more than official estimates, as exports failed to recover while imports kept increasing during the July-October period. Deficit in trade balance with 84 countries including China, United Arab Emirates, India and […]
ECC approves Rs 1.4bn for PSM employees salaries on November 11, 2016ISLAMABAD: Economic Coordination Committee of the cabinet approved Rs 1.4 billion for payment of three months’ salary to the employees of Pakistan Steel Mill Corporation. The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting of the ECC on Thursday at the Prime Minister’s Secretariat. To mitigate the sufferings of PSM’s employees and […]
Government can use governors rule in KP, but it wont on November 1, 2016ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the federal government has a constitutional option to impose Governor rule in KP but the government will not use this option. He was addressing media persons at Punjab House on Monday. Ishaq Dar said that government has decided not to change petroleum product prices for the […]
DGTO website missing vital information on October 31, 2016ISLAMABAD: The Directorate General of Trade Organisations (DGTO), an attached department of the Ministry of Commerce, has completely failed to update its website, Daily Times has learnt. Sources in the DGTO said that the DGTO director general (DG) had not issued any instruction to update the website. “If any organisation comes up with new information […]