Amid higher commodity prices, the Economic Survey for the year 2020-2021 states that the July-April Consumer Price Index (CPI) recorded inflation at 8.6 per cent against 11.2 per cent in the same period last year. According to the details, non-perishable food items contributed to the rise in food and non-alcoholic beverages, which increased by 16% … Read more
KARACHI: The government has allowed tax exemptions and concessions of Rs1.314 trillion during the outgoing fiscal year 2020/21, which is 14.26 per cent higher than the preceding fiscal year. The total tax exemptions and concessions during the fiscal year 2019/20 were at Rs1.15 trillion, according to the Economic Survey of Pakistan released on Thursday. The … Read more
KARACHI: Finance Minister Shaukat Tarin has said that 9 per cent growth in the large scale manufacturing (LSM) along with robust services sector performance enabled the country post 3.94 per cent GDP growth in the first nine months of the current fiscal year. Unveiling the Pakistan Economic Survey 2020/21 on Thursday, Tarin said that the … Read more
