Pakistan Is Now At $300-Billion Economy

Pakistan Is Now At $300-Billion Economy

ISLAMABAD: Pakistan has achieved 5.3% economic growth, the highest in a decade, on the back of recovery in the agriculture sector and better-than-expected performance in the services sector, stated the government on the basis of provisional figures. The growth puts the country in the league of economies that have a size...

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Tax Breaks For Chinese Won’t Hit Economy: Govt

Tax Breaks For Chinese Won’t Hit Economy: Govt

ISLAMABAD: Chinese investors in the $56 billion China-Pakistan Economic Corridor (CPEC) are enjoying all sorts of tax breaks from customs, income, sales, federal excise and withholding taxes. But despite all the tax discounts and exemptions, which amount to around Rs150 billion in lost revenue, the government is claiming there will...

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