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  • Reliance posts record profit on consumer strength

    MUMBAI: Indian oil-to-telecoms conglomerate Reliance Industries Ltd has posted another record quarterly profit, as double-digit growth at its consumer-facing businesses cushioned weakness in its energy divisions...

    The Mumbai-headquartered company has rapidly grown to become India’s largest retailer with over 10,000 stores selling groceries, consumer electronics and apparel, while its telecom unit, Jio, has become the country’s...

  • Banks focus on consumer finance

    CONSUMER financing has seen a surge in the last two fiscal years primarily due to a big jump in auto loans and to some extent in mortgage finance...

    Banks had made net consumer financing of Rs31...

  • Banks should not forget consumer finance

    Their aversion to lending to the private sector is now wholesome and even consumer finance, the highest return–yielding segment, is witnessing a steep decline...

    In July-January, banks’ net fresh consumer lending totalled just Rs16bn...

  • Remittances: heavy reliance on GCC nations is imprudent

    Reliance on GCC nations (Saudi Arabia, UAE, Kuwait, Oman, Qatar and Bahrain) for attracting the bulk of remittances is not misplaced given the size and quality of Pakistani workforce employed there...

    This means in the long run our remittances from Saudi Arabia may start falling quite rapidly unless we are able to export to the kingdom high-quality workforce that can find jobs in those sectors of the Saudi economy like ICT,...

  • Self-reliance and self-respect

    Pervez Musharraf was faced with the question ‘are you with us?’ by the US government...

    He took a decision which saved the country from possible destruction by carpet bombing and loss of nuclear capability
  • Sindh’s reliance on a single tax grows

    KARACHI: Presenting the Sindh budget for 2010-11, then finance minister Murad Ali Shah had termed the newfound right of the province to collect sales tax on services a “momentous achievement” for the ruling party that “won this with serious and persistent efforts”...

    Speaking to Dawn, Sindh’s former caretaker finance minister Shabbar Zaidi said the government’s growing reliance on a single indirect tax is not a healthy practice... ...

  • Centre should help provinces achieve fiscal self-reliance

    Apparently, this is a move to create grounds for a review of the last National Finance Commission (NFC) award with a view to bring down the share of the provinces in the federally collected taxes...

    What the federal authorities need to do is to assist the provinces to realise the full potential tax revenue and help them achieve fiscal self-reliance...

  • Govt reliance on banks rising

    KARACHI: The government loaded another Rs401 billion on account of borrowing from scheduled banks during the three months through September, according to the State Bank of Pakistan (SBP)...

    Along with fast growth of foreign debt, domestic debt also sharply increased in the last two fiscal years, jumping by Rs2
  • Japan must avoid over-reliance on yen: IMF

    ” The BoJ must stand ready to expand stimulus to meet its target, though further easing without bolder structural reforms and a credible fiscal strategy could lead to over-reliance on yen depreciation to reflate the economy, it said...

  • FBR’s heavy reliance on economic agents

    Analysts believe that the heavy reliance on WHTs has made the income tax department virtually irrelevant...

    Published in Dawn, Business & Finance weekly, November 9th, 2015On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play...

  • Indian missiles, copters, subs: Is the Reliance Group aiming too high with its ambitious defence plan?

    NEW DELHI: Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more...

    Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani's plans to turn Reliance into a major defence company may be one of his boldest...

  • Mukesh Ambani launches cheap 4G 'Reliance Jio' service in India

    MUMBAI: Mukesh Ambani, India's richest man and primary shareholder of Reliance Industries Limited (RIL), announced the launch of his mobile service network 'Reliance Jio' on Monday, The Guardian reported...

    Reliance Phone retailers are seeing a massive surge in customers as people flock to register for their Jio plan and enjoy three months of free service...

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