Business

Failure in implementation of policies caused economic downturn; immense opportunities are untapped for women in business especially fashion, cosmetics and clothing By M Jahangir Hayat Pakistan needs to promote chemical industry as it is the mother industry of the industrial sector which needs to be re-organised and re-accessed. Making policies…

M Jahangir Hayat LAHORE: A fundamental change will be there to see on the World Customs Day this Sunday as the Federal Board of Revenue (FBR) has ordered…

M Jahangir Hayat LAHORE: Summit Bank Limited (SMBL) has sought its removal of placement from the defaulter's segment in Pakistan Stocks Exchange (PSX). The…

Will he be able to pass the F&T of SBP? M Jahangir Hayat LAHORE: The Punjab government has announced appointment of Atif Bajwa as the president of the Bank of Punjab, Daily The Business has learnt. The Punjab government in its 23rd provincial cabinet discussed 19-point agenda on Tuesday (today). The appointment of president of the…

M Jahangir Hayat The Calendar Year 2019 has proved the toughest year for the economy of the country as all section of the society remained complaining about…

Amendments related to purchases in business income tax returns be implemented at earliest, FBR chief urged. Our Special Correspondent LAHORE: The…

Habib Bank Limited is at top of list among banks, MCB Bank comes second M Jahangir Hayat LAHORE: The State Bank of Pakistan (SBP) imposed staggering over Rs1351 million monetary penaltyon 16 banks for committing violation in the areas of Anti-Money Laundering (AML), Customer Due Diligence (CDD), Know Your Customer (KYC) and assets quality…

Our Special correspondent  Lahore:  FBR’s Helpline does not only educate the public but also provides them a forum through which the public can put forward…

M Jahangir Hayat LAHORE: The issues of  as under-invoicing and smuggling are big challenges for the economy. Change in valuation system would improve the tax…

Total does not reflects slight reduction after govt pays Rs3.999 trillion in servicing in 15 months by Q1FY20 "If the government spends about Rs4trillion for total debt and liabilities servicing where does remaining about Rs7.61trillion go as we have not seen any mega development projects in the public sector by the government?,” Dr Qas Aslam By…

Our Special Correspondent Lahore: Syed Shabbar Zaidi, Chairman FBR held a meeting with Heads of Departments of National University of Science and Technology…

Muhammad Basharat Raja to hold first meeting on 11th M Jahangir Hayat LAHORE: The chief Minister of Punjab Sardar Usman Buzdar has…

Our SpecialCorrespondent LAHORE: Federal Board of Revenue (FBR) has requested Ministry of Finace of United Arab Emirates (UAE) to provide the information of all those Pakistanis who have sought UAE Iqama under Residence by Investment (RBI) Schemes. FBR in its letter to UAE’s Ministry of Finance has stated that such delinquent Pakistan tax…

Our Special Correspondent LAHORE: Pakistan Tax Bar Association (PBA) and Lahore Tax Bar Association (LTBA) office Bearers Tuesday met Federal tax Ombudsman…

There would be good time ahead as the government is looking forward to increasing growth, opening employment, constructing low-cost housing for the common…

Biotechnology also features prominently as a priority area in all the government's policy documents M Jahangir Hayat BHURBAN: CropLife Pakistan Executive Director Muhammad Afzal has said growing population, climate change, scarcity of water and changing lifestyles continue to pose challenges to the national food security,…

5th CAC Summit and Exhibition kicked off M Jahangir Hayat LAHORE: The Agriculture sector has been playing a key role in Pakistan's economy and has an…

Mian Anjum Nisar rejects election commission, urges DGTO to supervise upcoming elections M Jahangir Hayat LAHORE : Federation of Chamber of Commerce and…

Our Special Correspondent  LAHORE: Governor SBP Dr. Reza Baqir unveiled the commemorative coin of Rs.550 to mark the 550th birth anniversary of Baba Guru Nanak at State Bank of Pakistan.A delegation of Sikh Community led by Sardar Ramesh Singh Khalsa, Patron in Chief Pakistan Sikh Council & Member Prime Minister’s Taskforce for Evacuee Trust…

Postfiling index invokes for massive scale of reforms in tax audit, compliance structure. It takes around an average of 45 days to dispose a complaint against…

Our Special Correspondent Lahore :The Punjab Industrial Estates Management & Development Company (PIEDMC) has decided to convert Quaid-e- Azam Apparel Park…

We need to incentivise the industry that uses mechanical dryers for paddy drying, CEO Atlas Foods and  REAP ex-chairman Samee Ullah Naeem Chaudhry M Jahangir Hayat LAHORE: Rice exports can be bolstered up to $5billion in the next three years provided latest technologies are introduced in the sector. At present manually, around 50,000-60,000…

By M Jahangir Hayat LAHORE: A joint team of the Customs Sialkot and Lahore officers has indicated insufficient staff, building, residential infrastructure…

M Jahangir Hayat

Operating Expenses escalate from Rs56.26billion in 9M’18 to Rs69billion 9M’19 M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) has posted 11 percent decline in profit after tax of Rs 8.8 billion for nine month 2019, Rs 1.1 billion lower than last year’s profit of Rs 9.9 billion during the same period, the bank’s’ nine month’s financial…

Our Special Correspondent LAHORE:  National Accountability Bureau (NAB), Lahore by taking cognizance against alleged un-approved and illegal private…

Hike in Bank of Punjab NPLs due to bad economic conditions M Jahangir Hayat LAHORE:The province will be on almost Rs 250 billion budget surpluses if it able…

Our Special Correspondent LAHORE: As the due date for filing return of income for the tax year 2019 is drawing nearer, outreach education and training  seminars/workshops arranged by Regional Tax Office-II, Lahore are gaining momentum.  Kiosks and return receipt countershave been established at all prominent commercial areas of Lahore, Kasur,…

Our Special Correspondent  Lahore: Haleeb Foods, one of the leading food and Beverages Company of Pakistan once again join hands with Shaukat Khanum Memorial…

"We are ready to help Pakistan to expand its exports to European Union and would like to be its partner in this regard," Androulla Kaminara M Jahangir…