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Showing posts with label Bank of Japan to halve growth forecast: report. Show all posts
Showing posts with label Bank of Japan to halve growth forecast: report. Show all posts

FBR chief orders recovery of Rs150bn arrears

Facing an imminent shortfall in revenue collection, chairman, Federal Board of Revenue, on Monday asked top tax officials to work out a mechanism to expedite clearance of around Rs150 billion revenue stuck up in litigation for the past few years, an official source told Dawn.
The tax machinery will have to collect Rs568 billion at any cost in the last quarter (April-June) to reach the downward revised revenue

13:47 | Labels: , , , , | 0 Comments  

Bank of Japan to halve growth forecast: report

 The Bank of Japan is expected to downgrade its economic growth outlook for the year to March 2012 from 1.6 per cent to around 0.8 per cent in light of the deadly disasters in March, a report said on Monday.

However, in its upcoming Outlook for Economic Activity and Prices, to be released on Thursday, the central bank will predict a rebound starting late this year on recovering output and reconstruction demand, the Nikkei daily said.

Growth of 0.8 per cent would be bullish compared with the average private-sector projection of slightly more than 0.4

14:20 | Labels: , , , | 0 Comments  

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