IT & ITeS export receipts rose by $541 million to $2.82 billion, showing a trade surplus of $2.42bn, during July-March, according to Economic Survey 2024-25 released on Monday. The ICT exports included a contribution of $400 million by the freelancers, and the survey highlighted that the tech-savvy and professional youth are set to become a regional hub for digital services, tech entrepreneursh
The country’s agriculture sector showed a combination of resilience and challenges across all its sub-sectors during 2024-25, and despite climatic challenges, recorded a mere growth of 0.56 per cent, primarily driven by a 4.72pc sustained growth in livestock, according to the Pakistan Economic Survey 2024-25 released on Monday. All important crops declined by 13.49pc due to reduced cultivation
The Competition Commission of Pakistan (CCP) has imposed a fine of Rs375 million on six leading urea manufacturers and their trade association — Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) — for collusive price fixing. The fines have been imposed in violation of Section 4 of the Competition Act 2010. Following a suo motu inquiry initiated in 2021, the CCP found that the c
Finance Minister Muhammad Aurangzeb is all set to unveil next year’s budget on June 10. In the days leading up to his much-anticipated budget speech on the floor of the National Assembly, much is being discussed in the public domain on what could be and shouldn’t be on the government’s priority list. At a pre-budget meeting last week, Aurangzeb promised to shift the tax burden away from the sal
WE are days away from the budget now and its details are still being worked out. Here is some of what we know thus far. They are likely to announce an FBR revenue target around Rs14 trillion (maybe slightly higher). Current expenditures are supposed to stay just below Rs23tr, of which around Rs16tr are federal and the rest from the provinces. The underlying primary balance (deficit plus interes