HEC To Get Rs 35662.801 Mln For Higher Education During FY 2017-18

ISLAMABAD, May 26 (APP): The government has allocated Rs 35662.801 million for the Higher Education Commission (HEC) for Fiscal Year 2017-18 in the Public Sector Development Program (PSDP). According to budgetary document released here Friday, a total amount of Rs 9188.651 million has been earmarked

Rs 535 Million Allocated For Defence Sector

ISLAMABAD, May 26 (APP): Under the Public Sector Development Program (PSDP) 2017-18 Rs 535 million have been allocated for two ongoing and four new development schemes. According to the doccument, Rs 248.69 million, and Rs 95.50 million have been earmarked for the ongoing projects of

Highlights Of PSDP (2017-18)

ISLAMABAD, May 26 (APP): The government on Friday unveiled Rs 2.113 trillion Public Sector Development Programme (PSDP) for the fiscal year 2017-18. Following are the salient features of the PSDP (2017-18). – The PSDP allocations up by 26.14 percent as compared to last fiscal year.

Remittances Reach To US$19.9 Bln Mark

ISLAMABAD, May 26 (APP): Minister for Finance Ishaq Dar Friday said in the last four years, expatriate Pakistanis have sent remittances to a tune of US$19.9 billion. He appreciated the valuable contributions made by the Pakistanis residing abroad and sending their remittances through banking channels.

Budget 2017-18 At A Glance

ISLAMABAD, May 26 (APP): Finance Minister Ishaq Dar revealed the national budget 2017-18 on Friday. Here are its features at a glance: (Rs. in billion) • RECEIPTS– TAX REVENUE 4,330.5 • FBR Taxes 4,013.0 • Other taxes 317.5 NON-TAX REVENUE 979.9 a) Gross Revenue Receipts

Govt Likely To Allow OMCs, Dealers To Set Profit Margins

ISLAMABAD: The government is likely to give a free hand to oil majors in setting profit margins on the sale of petroleum products to consumers – a step that is expected to promote investment and competition, but it may also give a windfall to oil marketing

Pakistan’s Real Estate Sector Booming But Growth Not Showing On PSX

ISLAMABAD / KARACHI / KARACHI: Pakistan’s construction and real estate sectors are booming, but the growth doesn’t show on the country’s stock exchange. A strict taxation regime has meant many mega projects have either been shelved or gone ahead without the blessing of equity investors. “At

ADB $20 Mln Loan To Increase Credit Access In Pakistan

KARACHI, May 22 (APP): The Asian Development Bank (ADB) has approved a USD 20 million loan to help Pakistan’s Khushhali Microfinance Bank (KMBL) to expand access to credit for agriculture-related borrowers and small businesses. This was pointed out in a statement issued here on Monday

SEDPL Brings 50MW Wind Power Project Online in Sindh

Sachal Energy Development (Pvt.) Ltd. ( SEDPL), a wholly owned subsidiary of of Arif Habib Corporation Limited, has achieved its Commercial Operations for 49.5 MV Wind Energy Project on 11th April 2017. In a notification to the Pakistan Stock exchange, the company secretary confirmed that

Hyundai To Set Up Auto Manufacturing Plant In Pakistan

Hyundai to Set Up Auto Manufacturing Plant in Pakistan as  China Pakistan Economic Corridor CPEC continues to gain momentum. South Korean Auto brand, Hyundai, and Al-Haj group have joined hands to introduce heavy commercial vehicles (HCV) in Pakistan. With an expected investment of around Rs. 4