Tag Archives: FED

Since key policy rate is at 7 percent for the next two months with the hope that the discount rate would remain in single digits for at least a year or two to spur the economic growth, auto financing seems …

No doubt, Indus Motor Company (IMC) stood still in playing a major role in the development of the entire value chain of the local auto industry. It is also proud to have contributed in poverty alleviation at the grass root …

Interview with Agha Shahab Ahmed Khan – President, Karachi Chamber of Commerce & Industry PAGE: What are your views on the Federal Budget? Agha Shahab Ahmed Khan: The Federal Budget for FY21 is by name a ‘Tax Free Budget’ as no …

According to the Economic Survey of Pakistan FY2020, the headline inflation measured through the Consumer Price Index (CPI) is registered at 11.22 percent during Jul-April FY2020 as compared to 6.51 percent during the corresponding period previous year. Statistics showed that …

Pakistan’s auto sector faced a slump during the calendar year 2019 due to massive devaluation of rupee, taxation, skyrocketing inflation and high interest rate. The auto sales plunged 34 percent to 175,611 units in the first 11 months of 2019 …

Reportedly, utilization capacity, on stated double shift capacity basis of major OEMs for CY19 declined as compared to CY18 as the industry dealt with a hampered demand outlook, specifically as consumers suffered from ‘sticker-shock’ over rabid price hikes. The lessons …

The Electric Vehicle (EV) policy has been presently introduced through the government of Pakistan that is expected would enhance Pakistan’s transport industry in upcoming eras. The Experts also revealed, from all stakeholders EV policy had been planned in Pakistan after …

Sales tax regime change for steel The government has changed the sales tax regime for long steel manufacturers from sales tax special procedure rules 2007 to sales tax-style FED. The regime change has no direct impact on long steel manufacturers. …

During the quarter ended September 30, 2019. Indus Motor Company Limited (IMC) combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units declined by 56 percent to 6,839 units against 15,560 units sold in the corresponding period …

Auto industry was the highest tax-paying industry during the last government’s tenure followed by cigarette, tobacco, telecom sectors. Presently, the automobile industry is going through worst crisis amid rising prices due to imposition of new, higher taxes in the budget …

The present government unveiled its first full budget with total outlay of Rs. 7.022 trillion for FY 2019-2020. Following is the backdrop in which the budget was announced: High fiscal deficit @ 6.5% of GDP. Current account deficit highest in …

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain last Wednesday said withdrawal of the zero-rated regime will hit masses, exporters, and …