Business

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ending on September 17 recorded an increase of 0.71, according to the Pakistan Bureau of Statistics (PBS). It attributed the increase to a rise of one per cent or more in prices of food items, including tomatoes (27.71%),

Norway was the largest investor in Pakistan followed by Netherlands and Malta, according to the SBP?s data. Photo: File KARACHI: The State Bank of Pakistan?s (SBP) data showed that Foreign direct investment (FDI) in Pakistan has increased by 40% to $226.7 million in the first two months of the ongoing fiscal year of 2020/21 with analysts believing that overseas investors were betting on an economic recovery from the five-months of the downturn.

ISLAMABAD: The Federal Board of Revenue (FBR) has issued its tax directory of the parliamentarians for financial year 2018, ARY News reported on Friday.  These parliamentarians belonged to the Upper and Lower Houses of the Parliament. According to the tax details, Prime Minister Imran Khan paid tax of  Rs2,82,449, Pakistan People?s Party Chairman Bilawal Bhutto Zardari paid Rs 2,94,117 and former president Asif Ali Zardari paid tax of Rs28,91,455 in the year 2018.

KARACHI: Gas load-shedding in the industrial areas of Karachi has noticeably affected industrial production for exporting items while the businesses fear delay in international orders, ARY News reported on Thursday. ?How can we continue the production of ongoing orders when there?s no gas to fuel industries,? said Korangi Association of Trade and Industry (KATI) president Sheikh Umer Rehan talking to ARY News.

KARACHI: The State Bank of Pakistan’s (SBP) net reserves increased by $13 million to $12.82 billion during the week ending on 11th of September, ARY News reported. Detailing the position of the reserves, the SBP, in a statement said that the overall foreign reserves of the country stood at $19.95

KARACHI: The first two months of the ongoing fiscal year 2020-21 witnessed 40 per cent increase in foreign direct investment (FDI), ARY News reported on Friday. According to data released by the State Bank of Pakistan (SBP), the FDI from July to August was recorded $220.7million. Major investments were recorded from Norway, Malta and Netherlands, the report further added.

LAHORE: With an aim to facilitate the construction sector and ensure approvals by a time-bound process through one window operations, the Punjab government has launched a web portal service.  Highlighting the features of the web portal, Chief Minister Punjab Usman Buzdar in his statement said that now the builders, developers can get permission letters with one click only through the portal.

ISLAMABAD: The Federal Board of Revenue (FBR) has issued its tax directory of the parliamentarians for the Tax Year 2018-19, ARY News reported on Friday.  These parliamentarians belonged to the Upper and Lower Houses of the Parliament. According to the tax details, Prime Minister Imran Khan paid tax of  Rs2,82,449, Pakistan People?s Party Chairman Bilawal Bhutto Zardari paid Rs 2,94,117 and former president Asif Ali Zardari paid tax of Rs28,91,455 in the year 2018-19.

ISLAMABAD: Adviser to Prime Minister on Finance Abdul Hafeez Shaikh announced on Friday that the Federal Board of Revenue (FBR) took two major decisions for ensuring transparency in the tax system and 10,000 audits this year, ARY News reported. Abdul Hafeez Shaikh, while addressing a ceremony of releasing tax directory, said that FBR wants to devise a transparent taxation system through stepping forward to an automatic system for tax payments.

Pfizer is betting that its coronavirus vaccine candidate will show clear evidence of effectiveness early in its clinical trial, according to the company and internal documents reviewed by Reuters that describe how the trial is being run. In recent weeks, Pfizer has said it should know by the end of October whether the vaccine, developed together with Germany’s BioNTech SE, is safe and effective.