Business & Industry

The State Bank of Pakistan’s (SBPP) Temporary Economic Refinance Facility (TERF) will raise the investment-to-GDP ratio by almost one percent during the ongoing fiscal year despite the COVID-19 pandemic. This is projected from the fact that the approvals of long-term concessionary investment loans under the scheme have already reached Rs. 430 billion, Dawn News reported. The …

SBP’s Scheme Will Raise The Investment-to-GDP Ratio for Pakistan: Report Read More »

Federal Board of Revenue (FBR) Member Inland Revenue Operations Dr. Muhammad Ashfaq Ahmed launched a confidential system for taxpayers to lodge complaints of corruption, rent-seeking, and unethical conduct against any FBR functionary without any fear of reaction or revenge.   In this connection, the FBR has issued circular 10 of 2021 here on Monday regarding …

FBR Launches a Confidential Reporting System Against Corruption Read More »

Pakistan has sustained a staggering $38 billion economic losses due to the Financial Action Task Force’s (FATF) decision to thrice placed the country on its grey list since 2008, says a new research paper published by an independent think-tank, Tabadlab. The findings of ‘Bearing the cost of global politics — the impact of FATF grey-listing on Pakistan’s economy’ …

FATF Grey-Listing Caused ‘$38b Losses’ Read More »

Zahid Mazhar, Sr. Vice Chairman, All Pakistan Textile Mills Association (APTMA), has rejected the rumors of a severe shortage of cotton yarn in the country, which could be detrimental to the textile sector and its exports. He pointed out that during the period from July 2020 to December 2020, as per the data released by …

No Shortage of Cotton Yarn in Pakistan: APTMA Read More »

A Shanghai-based company has pledged $150 million to establish an industrial park in Lahore for the housing of dyeing machines, high-end fabric units, and garment production facilities. Managing Director Chen Yen, who is also the top official leading the project under the Shanghai Consortium Challenge Apparel, expects the Industrial Park to become operational by July …

Chinese Company to Finance Industrial Park in Lahore Read More »