Posts tagged as: less

Businessmen term rate cut good but less than desired

KARACHI: The State Bank of Pakistan’s decision of lowering the discount rate by 100 basis points to 8.5 per cent has been welcomed by businessmen who termed it a good omen. The business community had been demanding a 200 basis points cut in the discount rate, but they still believe that the decision would help […]

Pakistani women earn 38.5% less than men: report

KARACHI: Despite the recent wage growth in Asia and the Pacific outperforming most of the world, workers in Pakistan are still earning extremely low wages, according to a report released by the International Labour Organistaion (ILO) on Friday. Although the average wage growth has increased as compared to previous years, the inequality has remained a concern […]

Bilawal’s speech: Less impromptu, more prompted

The gift of the gab. It’s one thing Bilawal Bhutto Zardari is not exactly known for, and often given immense slack for, whether it is his heavy accent when he speaks in Urdu or his apparent uneasiness. But the scion of the Bhutto dynasty has certainly improved when it comes to delivery and imitating the […]

1QFY15: FDI clocks in at $169.5m, 26.5% less than previous year

KARACHI:  Pakistan received foreign direct investment (FDI) of 9.5 million in the first quarter of 2014-15, which is 26.65% less than the FDI received during the same three-month period of the preceding fiscal year. According to data released by the State Bank of Pakistan (SBP) on Friday, FDI decreased by .6 million year-on-year in July-September, […]

For less than 12 months: Proposal put forward to increase Capital Gains Tax to 12.5%

KARACHI:  The government has proposed to increase the capital gains tax (CGT) rate on the trade of securities with a holding period of less than 12 months by 2.5% in 2014-15. Addressing the budget session on Tuesday, Finance Minister Ishaq Dar proposed that the CGT rate on the sale of shares within a year of […]

Back in time: Setting up a sugar mill costs less than a kg of potatoes

KARACHI:  Even after 42 years, the government has yet to amend the law on registering sugarcane mills as it still charges a mere Rs10 for a licence. The mill owners or those who want to establish sugar mills are great beneficiaries of the ‘Sindh Sugar Licensing Controlling Order, 1972’ under which they have to pay […]

Pakistan less ‘miserable’ than India

KARACHI:  A leading think tank of the United States has ranked Pakistan the 29th miserable economy of the world. Released recently by Washington DC-based Cato Institute, a conservative public policy research body, Pakistan fares relatively well on the World Misery Index 2013, compared to neighbouring India that ranked 22nd in terms of economic misery. Originally […]

Under-capacity: Bus plants operating at less than 3%

KARACHI:  The auto industry’s bus manufacturing units are operating at a record low level of less than 3 percent of their installed capacity. As a result, plants have produced a mere 630 units of buses in the first three quarters of the current fiscal year against the total annual production ability of 26,150 units – […]

No less than top-30 rankings this year, says PSF

KARACHI:  The top management of the Pakistan Squash Federation (PSF) has decided to set a target for its players to reach the top-30 world rankings and has stressed that 2014 will be the year of deliverance. The PSF think tank stressed that it is high time that players and officials alike deliver better results or […]

PMD links severe winter to climate change, predicts less rainfall in winter

KARACHI: With the start of winter this year, parts of country were engulfed by a severe cold wave breaking decades old records in many places, showing impacts of climate change.A detailed study on the change of weather patterns issued by Pakistan Meteorological Department (PMD) on Friday states that apart from cold and heavy snowfall there […]

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