Commerce

Pakistan ahead of India in Inclusive Development Index: WEF Report

ISLAMABAD (APP) – Pakistan has been ranked 52nd, ahead of India (60th), among 79 developing economies in the Inclusive Development Index, according to a World Economic Forum (WEF) report. WEF’s ‘Inclusive Growth and Development Report 2017’, released in Davos, Switzerland on Monday, said that most countries were missing important opportunities to raise economic growth and

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Bhasha Dam would be part of CPEC, says Planning Minister

ISLAMABAD (Sarzameen News) – Planning and Development Minister Ahsan Iqbal briefing the Parliamentary Committee on China Pakistan Economic Corridor (CPEC) has said that Diamer-Bhasha Dam would also become part of the CPEC. The committee meeting was chaired by Senator Mushahid Hussain Sayed at the Parliament House. Ahsan Iqbal said that 11,000 MW of electricity would

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Dar announces new petroleum prices with effect from January 16

ISLAMABAD (Sarzameen News) – Federal Finance Minister Senator Ishaq Dar Sunday announced the prices of petroleum products for the period starting from 16th January 2017 till 31st January 2017. Addressing a press conference in Islamabad, he said that Ministry of Petroleum and Natural Resources and Oil and Gas Regulatory Authority (OGRA) have recommended an increase

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Pakistan ranks first in discovery of gas reserves

WASHINGTON (Sarzameen News) – With the discovery of maximum number of gas reserves, Pakistan has surpassed other countries it the list. It was revealed on Sunday in a report of research market pertaining to worldwide oil and gas reserves. Pakistan, United States and Norway are the three biggest countries in discovering the reserves. The maximum

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FBR collects Rs1,467 bn in first half of FY 2016-17

ISLAMABAD (Sarzameen News) – Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, Senator Mohammad Ishaq Dar, chaired a meeting to review the 6-month performance of Federal Board of Revenue (FBR) for the period July-December of the Financial Year 2016-17 at FBR headquarters Saturday. While briefing the Finance Minister, Chairman FBR said that FBR has collected

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Dar chairs meeting to review 6-month performance of FBR

ISLAMABAD (Sarzameen News) – Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, Senator Mohammad Ishaq Dar, chaired a meeting to review the 6-month performance of Federal Board of Revenue (FBR) for the period July-December of the Financial Year 2016-17 at FBR headquarters Friday. While briefing the Finance Minister, Chairman FBR said that FBR has collected

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Pakistan predicted to be world’s fastest-growing Muslim economy in 2017

ISLAMABAD (APP) – Pakistan has been forecasted to be the world’s fastest-growing Muslim economy in 2017 ahead of Indonesia, Malaysia, Turkey and Egypt, says “The Economist” magazine. Pakistan’s estimated GDP growth “5.3%” is also ahead of 4% GDP growth of Israel, making Pakistan world’s fifth fastest-growing economy in the world, only behind India and China

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ADB operations reach a record $31.5bln in 2016

ISLAMABAD (Sarzameen News) – The Asian Development Bank (ADB) operations for Asia and the Pacific reached an all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in 2015, according to preliminary data released on Tuesday. Approvals of ADB loans, grants, technical assistance, and co-financing have been growing steadily over the years

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FBR seeks sales tax proposals for upcoming budget

ISLAMABAD (Sarzameen News) – The Federal Board of Revenue (FBR) has invited pro-revenue proposals relating to Sales Tax and Federal Excise for the upcoming budget for the Fiscal Year 2017-18. The board has advised all the stakeholders to send their proposals to FBR as soon as possible and by January 31, 2017. The proposals have

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KPK to launch hydropower projects to generate 1200MW electricity

PESHAWAR (Sarzameen News) – Khyber Pakhtunkhwa government is planning to initiate various projects in hydropower sector to produce over one thousand two hundred megawatt of electricity. This was stated by Khyber Pakhtunkhwa Minister for Energy Muhammad Atif while addressing a function of Pakhtunkhwa Energy Development Organization in Peshawar on Tuesday. He said out of 1200MW

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