IHS plans ‘up to 30,000’ sites in Saudi Arabia
London Telecoms tower company IHS plans to operate up to 30,000 masts in Saudi Arabia within the next five years, as part of a growth strategy in a country it sees as the ?pulsating heart? of the Arab world. The Mauritius-headquartered IHS ? which buys or builds mobile phone masts and then leases them to telecoms companies ? said in ...
FEBR seeks amnesty scheme for filers, tax payers
Salim Ahmed Lahore The Friends of Economic and Business Reforms (FEBR) President Kashif Anwar has asked the government to also launch an amnesty scheme for the filers and tax payers in line with the Assets Declaration Scheme being introduced for the non-filers. Kashif Anwar, also former vice president of the Lahore Chamber of Commerce & Industry, stressing the need for relief ...
Bulls toss PSX up by 2,537 points
KARACHI?? -?? The Pakistan stock market continued to advance at a rapid pace in the outgoing week as the KSE-100 index surged for the five successive sessions, rising past the 35,500-point mark. The outgoing week witnessed a spectacular rally as the bulls tossed the KSE-100 index up by 2,537 points (7.6 percent) amid increasing developments on the economic and ...
ICCI urges govt to focus on indigenous energy sources
ISLAMABAD / LAHORE?? -?? The office bearers of Islamabad Chamber of Commerce & Industry (ICCI) have said that Pakistan was generating 60 percent electricity from expensive thermal fuels which was the major cause of rising circular debt and called upon the government to focus on indigenous energy sources including hydro, wind and solar to cope with circular debt issue. ...
NEC set to give final nod to development budget, macroeconomic framework
ISLAMABAD? -?? National Economic Council (NEC) would meet on May 29 to give final nod to the development budget and macroeconomic framework for the next fiscal year (FY2020). The Annual Plan Coordination Committee (APCC) on Thursday approved the development budget and the macroeconomic framework for fiscal year 2019-20. According to the agenda of the meeting, the meeting would review ...
Poultry producers asked to boost their market penetration in region
ISLAMABAD?? -?? Advisor to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood on Saturday said the poultry association and producers needed to be more aggressive in market penetration in the region. He was talking to a delegation from the Poultry Association of Pakistan which called on him to discuss the performance of the poultry sector, ...
Traders invited to participate in Indonesian exhibition
PESHAWAR?? -?? Ambassador of Indonesia, Iwan Suyudhie Amri has invited the Khyber Pakhtunkhwa businessmen to participate in the ?Trade Exhibition?, which is scheduled to be held in October this year, in Jakarta. SCCI president Faiz Muhammad Faizi, senior vice president Engineer Saad Khan, vice president Haris Mufti, Third Secretary Economic Function Indonesia Denial Nagrohu, and executive body members were ...
Knitwear export grows despite textile dull performance
LAHORE ? -?? The country?s knitwear apparel textile has shown a significant growth as knitted garments? export during first 10 months of the financial year from July 2018 to April 2019 has registered an increase of 8.76 percent to $2.39 billion against $ 2.20 billion of the same period of last year. According to the latest data of Federal ...
Farmers asked to start Moong cultivation from mid June
FAISALABAD - The agriculture experts have advised the growers to start cultivation of Moong crop from mid of June and complete it by end July to get bumper yield. According to a spokesman of the Agriculture (Extension) Department, that Moong pulses were used largely in Pakistan because it was a rich source of proteins, iron and other minerals. ...
Govt Approached IMF To Strengthen Economy: Hammad Azhar
Talking to a private news channel, he said the economy was left in a fragile condition by the previous governments due to huge burden of loans. He said there was a dire need to strengthen the economy and the government was taking different effective measures in that regard. Replying to a question, he said the government had given free hand to ...
Country Would Undergo A Period Of Stabilization For Around Six To 12 Months And After That The Government Would Focus On Recovery And High Growth: Advisor To Prime Minister On Finance, Dr. Abdul Hafeez Shaikh
Another feature of the economic roadmap he said would be the development of backward areas as the government would initiate Rs50 billion projects in these part of the country. He said that job creation was one of the priorities of the government, adding that the government's programme of building 5 million houses would create jobs in 18 sectors of ...
Gov't Eying Rs 5.5 Trln Revenue Target In Next Budget: Hafeez Shaikh
He said in order to collect the additional revenues, more people and commercial companies would be brought in to tax net and no extra burden would be put on those who were already paying taxes. He said in order to bring people in the tax system, the government would utilize the data of gas, electricity consumers, bank account holders ...
Govt Unveils Roadmap To Stabilize Economy, Put It On Growth Trajectory
He said that the upcoming budget for the fiscal year 2019-20 would come with austerity measures to reduce the government expenditures, adding that civilian, military and private sector would contribute in reducing fiscal expenditures. He said that only 2 million people were paying taxes in Pakistan, which include 0.6 million salaried class, adding that 85 percent of the total ...
Trade and the economy have become the new roller coaster for markets
But the bond market?s move was perhaps even more dramatic, as yields, which move opposite of price, fell to levels last seen in 2017, and the futures market began to price in three Fed interest rate cuts by the end of next year. ?There?s not a lot of economic data next week, so events hang over us,? said Marc ...
Japan trade a problem for Trump, but not as bad as China
When President Donald Trump visits Japan, he?ll be able to point to Tokyo?s streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. The $70 billion Japanese trade surplus with the US is dwarfed by China?s $379 billion surplus, and the trade tensions between Washington and Tokyo are far less contentious ...
Huawei shipments could fall by up to a quarter this year — analysts
China?s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world?s second-largest smartphone maker by volume, could tumble between 4% and 24% in 2019 if the ban stays put, according to ...
Young homebuyers scramble as prices rise faster than incomes
?They just have more roadblocks, and they?re going to have to come up with more creative solutions to get the homes that they want.? A Redfin analysis found these buyers are leaving too-hot-to-touch big-city markets ? among them, San Francisco and Seattle, where the tech boom has sent housing prices into the stratosphere.
At Amazon, facial recognition ban won just 2% of shareholder vote
Amazon?s sale of the technology to law enforcement in Oregon and Florida has put the company at the centre of a growing US debate over facial recognition, with critics warning of false matches and arrests and proponents arguing it keeps the public safe. These and other resolutions faced an uphill battle to winning majority support, with Amazon?s board recommending ...
Razak Dawood urges poultry producers boost their market penetration in region
ISLAMABAD (APP) - Advisor to the Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood on Saturday said the poultry association and producers needed to be more aggressive in market penetration in the region. He was talking to a delegation from the Poultry Association of Pakistan who called on him to discuss the performance of the poultry ...
Razak Dawood Urges Poultry Producers Boost Their Market Penetration In Region
He was talking to a delegation the Poultry Association of who called on him to discuss the performance of the poultry sector, its potential and its main issue of how it can be made more efficient and competitive. The Advisor assured the Association that their proposals related to Tariff ,taxation and facilitation would be analysed and considered ...
