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KARACHI: Pakistan Business Council on Monday dubbed the proposed withdrawal of tax exemption on inter-corporate dividends as a potential obstacle to investments amid sluggish economic growth.The...
KARACHI: The State Bank of Pakistan has ruled out any extension in concessionary financing schemes announced last year to support businesses and individuals amid the Covid-sparked lockdown.The SBP...
No big boost in exports is expected till Pakistani manufacturers reorient their business model and target achieving scales to integrate effectively in the global supply chain. They might also need to build agile organisations to quickly restructure and reconfigure market strategies to compete for a bigger share in the international market. The perception that the private sector of Pakistan lacks capacity and capability can’t be true as it did prove its mettle by competing and breaking the stronghold of multinationals in the domestic market when it chose to. Thirty years back, multinational...
Exports surge 18pc in Dec with economic wheel on fire Business January 2, 2021 ISLAMABAD: Pakistan’s export sector posted a strong 18 percent growth in December, firming up on the path of robust recovery with the business-as-usual well ingrained in the government’s policy, commerce adviser said on Friday. Sharing provisional trade data on twitter, Adviser to Prime Minister for Commerce and Investment Razak Dawood said exports for December have grown 18.3 percent year-on-year or $364 million to $2.357 billion. “This is the highest export ever in the month of December,” said Dawood. ...
The Express Tribune speaks to experts in different sectors to assess outlook of economy Pakistan has expectedly missed its GDP growth rate target in the outgoing fiscal year. PHOTO: INP The economy had been under pressure for the past 12 months. While for some sectors 2020 had been a nightmare, for others it was a blessing in disguise. It had been a year unlike any; while the services sector was battered by the pandemic, new businesses also emerged. Though the agriculture sector suffered due to lockdowns, locust attack and climate change, the construction sector and capital markets managed t...