Petroleum products were the top revenue contributor of domestic sales tax, contributing around 44 percent (or Rs233.2 billion) to the total proceeds during 2014-15. Sales tax collection was concentrated in few commodities as 10 major items, including POL (petrol, oil and lubricants) and natural gas, shared 73 percent of the total domestic sales tax. All the major 10 items posted positive growth except natural gas and fertilizer. The collection …

  Pakistan uses more than dollar 15 billion for very nearly 35 percent of its imports on oil. Trade deficit have the negative effect on the economy. The Economic Monitoring Committee and State Bank of Pakistan have completely failed to decrease import volume of the country. In 2014, total commodity imports were $41.69 billion against exports of $25.15 billion, meaning a trade deficit in commodities of $16.64 billion compared with …

  The airline industry is expected to have its most lucrative year 2016 in history with global profits of almost $40 billion (£30 billion), driven by a combination of cheaper oil and fuller planes. The International Air Transport Association (IATA) the trade body for airlines said its forecast for a fifth consecutive year of improving profits meant it was now a “normal business”, providing decent returns to investors after years …

  The existence of Karachi Port dates back to eighteenth century when Alexander the Great, ended his campaign along the Punjab Rivers and Indus. His Admiral Nearchus, with his fleet, reached Krokala, which is known today as Keamari. Writers like James Rennell (1792) and M. R. Haig (1894) have identified this place in their scripts. Alexander Baillie mentions Arabic Treatise “Mohit” to be used as “Port” for the first time …

  In the global context, efficient logistics industry is a backbone of any economy and plays a strategic role in the overall economy of a country. Logistic industry eliminates wastages and makes the entire supply chain process efficient for the availability of the right product at the right time at economical cost. Key players in the sector such as the port and airport operators, the cargo handling company, freight forwarders, …

  Wrecked by thirty years of collapse, bad administration and corruption, the Pakistan Railways unwaveringly going in the right way. The Pakistan Railways management made some substantial developments in financial and operational sides in 2015. It strengthened its passenger operations by improving express trains. It also enhanced number of freight trains and seriously working on growth-oriented projects including some most predominant and much-needed projects under the China-Pakistan Economic Corridor (CPEC). …

  Finance Minister Muhammad Ishaq Dar has done well in bringing about a consensus prior to presentation and approval of Automotive Industry Development Policy (AIDP) for the next five years. The future will determine whether the new policy will help attract new investment to the automobile and auto-parts industry as the auto assembly is said to be the backbone of engineering industry in a country. The existing auto assemblers want …

  Pakistan’s housing crisis is well known reality as the country requires about ten million homes. Migration from rural areas to urban areas has resulted in an urban growth, which has been about three times faster. Pakistan’s urban population stands at 75 million or 39 percent of total population while experts believe that it will (population) rise to 114 million by 2025. The lack of funding is the biggest obstacle …

  Islamic car financing has been fully introduced by the banks and financing companies all over the country. Here are some of the most prominent Islamic car financing banks, which are providing services to the customers under the terms and conditions of Islamic loan system. Meezan Bank Meezan Bank, Pakistan’s first and largest Islamic bank has been awarded the ‘Most Popular Bank’ in Pakistan’s Islamic auto financing sector in the …

  The South Asian nation, mostly in the news for terrorism and political violence, has beaten major Asian economies this year in stock market performance and for which Pakistan stock market recorded a feat. Pakistan is the best performing market in Asia this year with the KSE-100 Index soaring 23.5 percent followed by Vietnam and Indonesia with returns of 18 percent and 16.8 percent, respectively, while India’s Sensex Index has …