The Sindh Government has announced through the Sindh Budget 2017-18 that it plans to continue imposing sales tax on exports of Information Technology enabled services (commonly known as call centers and BPO services). This treatment is unique to only Sindh where exports and foreign exchange earning businesses are discouraged or asked to move their operations […]

Government has announced plans to provide relief to the consumers of petrol and diesel. A considerable decrease in prices of petrol and diesel are expected for June. The price deduction follows rate increases over the past many months. After the approval of Prime Minister Nawaz Sharif, new petroleum prices will come into effect from June […]

Special Report The nascent term social entrepreneurship has much to embody, in terms of definition, data, literature, coverage, momentum and recognition, before it becomes a universally recognized concept. In order to fill the data gap, the Thomson Reuters Foundation, in collaboration with Deutsche Bank, UnLtd and the Global Social Entrepreneurship Network, conducted an expert’s poll […]

CPEC has lead to major economic changes in Pakistan and givien way to a number of new projects and investments from almost all parts of the world. With the collaboration of potential economic powers of the world, the infrastructure projects in Pakistan are aiming to build a pro-business environment. The statement was given by the […]

Karandaaz Pakistan launched recently the “Global Landscape Study on Digitising P2G Payments”, the first study to comprehensively examine the opportunities and challenges associated with digitizing person-to-government (P2G) payments. As the name suggests, P2G payments include mandatory payments (taxes, bill payments and fines), payments for government services (passport and visa fees), and co-payments for social benefits […]

The World bank will provide Pakistan with a development loan worth US $650 million to support projects in education, health, water and disaster sectors of Pakistan. Here is the breakdown. The loans are targetted to develop the infrastructure and governance for a promissing entrepreneurial ecosystem : 1)$200 million would be given for Balochistan Integrated Water […]

The downward trend of oil prices in international market can be seen as a blessing of for a country like Pakistan that is energy-starved and banks heavily on oil imports from global markets. According to the Energy Information Administration (EIA), the American federal authority on energy statistics and analysis, Pakistan owns gas shale reserve of […]

In Pakistan, 3.6 thousand technical and vocational institutes were functional at national level in 2015. According to APP 19.4 thousand teachers were engaged with these institutes. The fiscal year 2015 registered a 3.7% increase in enrollment at technical schools. According to Pakistan Economic Survey, it is estimated that the enrollment will increase by 2.6% in […]

Stefano Pontecorvo, the Italian Ambassador to Pakistan, recently spoke at a seminar in Rome (Italy) titled “Investment opportunities in Pakistan”. He expressed the business interests of 40 Italian companies that are willing to explore opportunities in the Pakistani market. According to the Punjab Board of Investment and Trade (PBIT) spokesperson, the event was attended by […]