SECP launches new system for queries, complaints

SECP launches new system for queries, complaints
ISLAMABAD: Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Ul Haq Hijazi has launched the SECP’s new Service Desk Management System (SDMS). The new system offers ease of use to the public for filing queries and complaints.  It ensures prompt action and regular updates on handling of complaints. The SECP has already made available its new toll free facility 0800-880-08... Read More

Proposed tax measures to help achieve higher economic growth: Dar

Proposed tax measures to help achieve higher economic growth: Dar
ISLAMABAD: Finance Minister Muhammad Ishaq Dar has expressed the confidence that the measures announced in the budget will enhance the welfare and prosperity of the general public. Presiding over a meeting in Islamabad on Friday, he said that the tax measures proposed in the budget for the next fiscal year will enable Pakistan to achieve higher, sustainable and inclusive economic... Read More

SECP registered record 926 companies in a month in May

SECP registered record 926 companies in a month in May
ISLAMABAD:  The Securities and Exchange Commission of Pakistan (SECP) registered the highest number of 926 new companies, in May, so far. This is an increase of 44 percent as compared to same month of preceding year. During the first eleven months of current fiscal year (2016-17) SECP registered 7,688 new companies. As compared to the corresponding period last year, it... Read More

Second phase of 660MW Sahiwal coal power project becomes operational

Second phase of 660MW Sahiwal coal power project becomes operational
SAHIWAL: The second unit of the Sahiwal Coal Power Project has become operational on Friday with full capacity of 660 megawatts, Business92 reported. “The project has started running on its full capacity (660 megawatts) during trial run and countdown for 168-hour testing has now begun,” CM Punjab Shehbaz Sharif tweeted. He said that with the commencement of second power unit, the Sahiwal... Read More

LSM registers impressive 5.1 percent growth in 9 months

LSM registers impressive 5.1 percent growth in 9 months
ISLAMABAD: Large Scale Manufacturing (LSM) in the country has witnessed an impressive 5.1 percent growth during first three quarters of current fiscal year as compared to 4.6 percent in same period last year. The Year on Year, LSM recorded significant growth of 10.5 percent in March 2017 as compared to 7.6 percent of March 2016. Official statistics showed that manufacturing... Read More

Exports drop 2.29 percent, imports up 20 percent in 10 months

Exports drop 2.29 percent, imports up 20 percent in 10 months
ISLAMABAD: The country’s overall merchandise exports witnessed decline of 2.29 percent during the first ten months of the year as compared to the same period of last year, Pakistan Bureau of Statistics (PBS) showed. The merchandise exports during the current fiscal year were recorded at $16.918 billion as compared to the exports of $17.314 billion last year. During the period... Read More

Seafood exports increase by 17.08 percent in 10 months

Seafood exports increase by 17.08 percent in 10 months
ISLAMABAD: The exports of fish and fish preparations from the country witnessed increase of 17.08 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year. The fish exports during July-April were recorded at $316.926 million as compared to the exports of $270.69 million during the same corresponding period last year,... Read More

Goods train for Afghan Transit Trade reinstated after 5 years

Goods train for Afghan Transit Trade reinstated after 5 years
KARACHI: Pakistan Railways has reinstated goods train for Afghan Transit Trade after five years. Secretary Railways Parveen Agha inaugurated this train in Karachi on Friday. The train will provide freight services to Afghan traders from Karachi to Peshawar. The train will generate revenue of Rs2 to 3 million each week and will provide cheap, protective and trust worthy freight service... Read More

Rs1,970 billion Punjab budget unveiled for FY18

Rs1,970 billion Punjab budget unveiled for FY18
LAHORE: A tax-free people-friendly Punjab budget for next fiscal year with a total outlay of over Rs1,970 billion was presented in Punjab Assembly here Friday afternoon. In her budget speech, Provincial Finance Minister Dr. Ayesha Ghaus Pasha said despite all difficulties, a balanced budget has been presented. She said Punjab is expecting an income of Rs1,154 billion from the federal government,... Read More
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