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Zaheer Abbasi

Ecnec approves four projects of over Rs 249 billion
Print

Ecnec approves four projects of over Rs 249 billion

A meeting of the Executive Committee of the National Economic Council (Ecnec) has approved four projects of over Rs249 billion for infrastructure, health as well as agriculture and water sectors (Diamer-Bhasha Dam Project acquisition of land and resettlem
Published 01 May, 2020 12:54am
Civil servants' retirement: PM directs ED to implement new rules
Print

Civil servants' retirement: PM directs ED to implement new rules

Prime Minister Imran Khan Wednesday issued directives to the Establishment Division for implementation of new rules for retirement of civil servants, and exercise laid under the rules must be completed within a month, so that the performance of civil serv
Published 30 Apr, 2020 12:07am
Cash withdrawals: Government decides to abolish 0.6 percent WHT
Print

Cash withdrawals: Government decides to abolish 0.6 percent WHT

The government has decided to abolish 0.6 percent withholding tax on cash withdrawals from banks/issuance of banking instruments by customers bringing foreign remittances into Pakistan from July 1, 2020 to encourage use of formal (banking) channels.
Published 28 Apr, 2020 11:42pm
ECC approves Rs 51 billion package for SMEs
Print

ECC approves Rs 51 billion package for SMEs

The Economic Coordination Committee (ECC) of the Cabinet has approved the prime minister's relief package of Rs50.69 billion for small and medium enterprises (SMEs) through pre-paid electricity and credit loss subsidy of Rs30 billion for the risk sharing
Published 28 Apr, 2020 12:54am
Think tank for further downward revision in policy rate
Print

Think tank for further downward revision in policy rate

A meeting of the think tank recently formed by the prime minister to deliberate on the Covid-19-related economic downturn and mitigation of ensuing risk on Saturday, emphasized the need for further downward revision in policy rate, coupled with passing on
Published 25 Apr, 2020 09:49pm
Government finding it difficult to reach out to SMEs: PM
Print

Government finding it difficult to reach out to SMEs: PM

The Prime Minister, Imran Khan, has said the government would unveil incentives in the second phase for small and medium enterprises (SMEs) and incentives for the industries would increase incrementally in the days ahead.
Published 24 Apr, 2020 02:52am
Covid-19 shock to cause big impact on BoP
Print

Covid-19 shock to cause big impact on BoP

Pakistan's primary deficit is now expected to deteriorate to 2.9 percent of GDP in fiscal year 2020 (from 0.8 percent expected earlier) due to a 1.8 percentage point decline in tax revenue relative to the pre-virus baseline and the needed higher spending
Published 18 Apr, 2020 12:00am
Cut-off date for release of PSDP funds extended
Pakistan

Cut-off date for release of PSDP funds extended

The Finance Division has extended the cut-off date for the release of Public Sector Development Programme (PSDP) funds as well as surrender of anticipated savings by the ministries and divisions for the current fiscal year in an effort to ensure maximum s
Published 16 Apr, 2020 12:00am
Curbs eased for certain industries
Print

Curbs eased for certain industries

Prime Minister Imran Khan Tuesday announced that the construction industry had been allowed to operate with immediate opening of basic things for the industry in the first phase however, lockdown of public places would remain for the next two weeks.
Published 15 Apr, 2020 12:00am
Additional wheat allocated to USC
Print

Additional wheat allocated to USC

The Economic Coordination Committee (ECC) of the Cabinet on Monday approved allocation of additional 200,000 metric tons of wheat for the Utility Stores Corporation (USC) from the Pakistan Agricultural Storage and Services Corporation (PASSCO) with total
Published 14 Apr, 2020 12:00am
Overseas Pakistanis: PM sends out SOS for donations
Print

Overseas Pakistanis: PM sends out SOS for donations

Prime Minister Imran Khan has appealed to the overseas Pakistanis to contribute towards the "Prime Minister's COVID-19 Pandemic Relief Fund" as the country's poor people need their support in this hour of crisis.
Published 14 Apr, 2020 12:00am