Page 31 - Ehsan Malik News Today : Breaking News, Live Updates & Top Stories | Vimarsana

EU parliament’s resolution for reviewing the preferential scheme for imports from Pakistan has triggered some panic ISLAMBAD: The expression out of the frying pan and into the fire may be considered apt for Pakistan as it faces a potential threat to its exports to the European Union just as the country had begun to recover from the impact of the Covid-19 pandemic. “Notwithstanding, the recent rise in Covid cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism,” according to a new World Bank report. The Covid-19 outbreak dea...

KARACHI: Pakistan Business Council has recommended sustainable and competitive energy supply pro-growth fiscal policy, infrastructure and low-cost financing as the four key drivers to revive the...

Punjab govt to revise property rates in upcoming budget Top Story April 22, 2021 ISLAMABAD: Punjab government has decided to revise upward its valuation table rates of properties in consultation with the stakeholders for their respective jurisdictions for the upcoming budget 2021-22, it is learnt. Currently, there are three different valuation rates exist for properties as one notified by FBR, second valuation rates notified by DC in their respective districts and third actual valuation of the property on the basis of the actual value market value of property in each area of city or town. A...

Tarin faces challenge to contain inflation without hurting growth Business April 18, 2021 KARACHI: Veteran banker Shaukat Tarin who’s been appointed as the new federal finance minister will face daunting challenges to control inflation, spur growth, broaden tax base and support social safety net, analysts and industrialists said on Saturday. “The key challenge for the recently appointed finance minister is to control inflation, addressing low GDP growth and the spread of the third wave of COVID-19,” Saad Hashemy, executive director at BMA Capital said. “It will be challenging to inc...

Rs435.7b extended to businesses under TERF Scheme was introduced to help businesses continue investment plans despite Covid-19 PHOTO: FILE KARACHI: As many as 628 businesses have acquired concessionary bank loans amounting to Rs435.7 billion for setting up new businesses and/or expanding their existing production lines in Pakistan under the Temporary Economic Refinance Facility (TERF), which expired on March 31, 2021. The State Bank of Pakistan (SBP) had launched the scheme in March 2020 for one year after the Covid-19 pandemic outbreak in the country in late February 2020. The scheme was in...