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The latest business news from the Lahore Herald: personal finance, business, financial, and economic news.

cdwp projects

CDWP proposes two projects for Ecnec approval

According to the recommendations made at a meeting of the Central Development Working Party (CDWP) presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, a project worth Rs20.17 billion has been forwarded for further consideration to the Executive Committee of the National Economic Council (Ecnec).
cotton supply

Cotton supply rises despite lower sowing

According to Syed Fakhar Imam, Minister for National Food Security and Research, the supply of cotton to ginning companies has increased by 159 percent year on year as a result of the government's incentive programs.
pakistan gdp growth rate 2021

Pakistan’s GDP growth rate is 4.2%: Fitch

On Monday, Fitch Ratings predicted that Pakistan's economic growth will be 4.2 percent in the current fiscal year (FY22), compared to the government's objective of 4.8 percent. This is due to favorable monetary and fiscal conditions as well as rising vaccination rates.
file tax return

Around 35% of filers report no income: Tarin

The number of people who file tax returns with no income is approximately 35%, according to a top government official on Monday.
it services export

Pakistan earns $195 million by exporting IT services

During the first month of the current fiscal year 2021/22, Pakistan earned $195.990 million from the provision of various information technology (IT) services in other nations.
Sales tax on petroleum

FBR impose Sales tax on petroleum

The Federal Board of Revenue (FBR) has announced that a 10.54 percent sales tax will be levied on petroleum products.

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