Mehmood Ul Hassan Khan The Embassy of the State of Qatar started series of Iftar programs in the different parts of the country. It reflected its true spirits of generosity towards poor and needy people… Read More »Embassy of the State of Qatar started series of Iftar programs
LAHORE, June 13 (APP): Punjab Government has levied one-time tax on the imported motor cars registered after June 30, 2016. Provincial Finance Minister Aisha Ghaus Pasha, while presenting the Finance Bill 2016-17, here on Monday, said… Read More »Punjab Budget 2016-17: tax on imported cars
Mehmood Ul Hassan Khan Most recently, Saudi deputy crown prince Mohammed bin Salman announced Saudi Arabia’s National Transformation Plan (NTP) in which Vision 2030 maintained a central position. It would radically transform the Kingdom’s economy.… Read More »Saudi Arabia’s Vision 2030
KARACHI: Sales of locally produced cars swelled to 167,507 units in July-May 2015-2016 as compared to 136,723 units in the same period of last fiscal year.
Low interest rate, improving law and order situation and overall improvement in country’s economic situation can be attributed to rising sales of cars, said Mohammad Tahir Saeed at Top Line Securities.
Toyota Corolla, with longest delivery time, continued to be the highest selling car with the sale of 53,410 units as compared to 46,680 units last year.
Combined sale of Honda Civic and City remained weak, far lower than Corolla, and stood at 23,800 as compared to 21,134 units, revealed figures released by Pakistan Automotive Manufacturers Association (Pama).Read More »Pakistani car sales rise to 167,507 units
Overseas Pakistanis sent home remittances worth $17.841 billion during July-May 2015-16, reflecting a year-on-year growth of 5.6 per cent, the State Bank of Pakistan (SBP) said on Friday.
Remittances stood at $16.898bn during the same period of the preceding fiscal year.
However, this year’s growth rate was much lower than the 17.9pc recorded in the 11-month period of 2014-15.
Remittances are expected to touch $19bn during the outgoing fiscal year, with the addition of another $1bn this month.
The country’s dependence on Arab countries for remittances has further increased this year. Of the total, about $11.505bn (64.5pc) was remitted from the region.
The region is the biggest importer of manpower from Pakistan but the trade with the region is highly imbalanced and is vastly in favour of Arab countries.
The 11-month remittances were higher than the foreign exchange reserves held by the SBP built on borrowing from international financial institution (IFIs) and raising dollars through selling of bonds in the international market.Read More »Remittances growth slows to 5.6pc
Following are highlights of Pakistan Economic Survey for the outgoing fiscal year 2015-16, launched by Finance Minister Senator Muhammad Ishaq Dar here on Thursday:- • Major achievements of outgoing fiscal year includes: picking up economic… Read More »Highlights of Pakistan Economic Survey 2015-16