Karachi: While the FY13 Federal Budget will reportedly be unveiled in the last week of May’12, key points from official document have started to appear in news flow. According to AKD Securities, in this regard, the FY13 Budget projects GDP growth of 4.5%, single-digit inflation of 9.5%, a contracting fiscal …

Karachi: Oil sales stood at 14.3 million tons during 9M FY12 against 14.6 million tons in the same period last year, registering a decline of 2%. According to Alfalah Securities Limited, Oil consumption was 1.6 million tons in March 2012 registering a decline of 11%YoY and a surge of 18% …

Karachi: According to the data released by SBP recently, Overseas Pakistanis have remitted an amount of USD 9.735 billion during the 9MFY12 period (July-March 2012) against USD 8.016 billion in the same period last year, depicting a substantial YoY growth of 21.45%. According to Alfalah Securities Limited, Likewise on monthly …

Karachi: The Ministry of Finance has prepared Federal Budget FY13 document projecting a growth in GDP of 4.5%, inflation at 9.5% and fiscal deficit at 4.2 %. According to Alfalah Securities Limited, The consolidated tax ratio is likely to be raised from 10.4% in FY12 to 12% in the next …

Lahore: In first phase of the visit, the delegation under the leadership of Mr. Abdul Rahim Janoo, Ex-Chairman REAP and Mr. Safder Hussain Mehkri, Vice Chairman REAP and Deputy Leader of the Delegation visited All India Rice Exporters Association (AIREA), New Delhi yesterday. Mr. Vijay Setia, President, All India Rice …

Karachi: The textile sector has demanded of the government to immediately release allocated amount of the refund claims against Duty Drawback of Local Taxes and Levies (DLTL) before it get lapsed. Central and Zonal Chairmen, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Shehzad Salim and Atiq Kochra have pointed …

Karachi: Pakistan Telecommunication Company Limited (PTCL) recently conducted a creative town marketing campaign in Sindh province to reach its valuable customers. The “PTCL Town Storming” campaign spread awareness about the Company’s exciting products and services, and also offered on-spot sales to potential customers by setting up attractive town kiosks and …