ECC okays up to 190pc rise in gas price
The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved up to 190 per cent hike in natural gas tariff for domestic consumers and 31pc for all other categories, a local media house reported.The approval came during a meeting of the ECC which...
Dollar hits all time high of Rs160.73 against Pak rupee
The Pakistani Rupee (PKR) on Wednesday morning fell further in the early hours of trading at the interbank to another all-time low of Rs160/Rs161 against US Dollar (USD).
Petroleum Division seeks up to 200pc hike in gas prices for domestic consumers
'The hike in gas prices, if approved without any changes, will put an additional burden of Rs175bn on consumers'The Petroleum Division has sought...
NA rejects all cut motions, approves Rs313bn for 26 grants
ISLAMABAD: The National Assembly on Wednesday approved 26 demands for grants worth Rs313 billion related to various ministries and departments for the next financial year...
KP Assembly passes budget amid Opp’s ruckus
PESHAWAR: The Khyber Pakhtunkhwa (KP) Assembly on Wednesday passed the provincial budget for 2019-20 fiscal year despite the ruckus of opposition members in the assembly.On...
Can Changan dazzle Pakistanis into buying Chinese cars?
“The automobile is an expensive commodity - a consumer durable you don’t forget buying for the rest of your life. You have your house then you have your car. And just like a house,...
A 4.0 won’t get you a job, and your university has no idea what...
22As. But where’s the beef?How many of you have heard of Ali Moeen Nawazish? Chances are, most of you have. In 2009, this large but unassuming A level student was making rounds on...
Export reforms make way, apparently we need automation first
In December 2018, erstwhile finance minister Asad Umar, while chairing the first meeting of the steering committee, approved the implementation of the National Single Window (NSW) system in Pakistan by the Federal Board of...
Does growing off-season crops in tunnels makes for a good business?
It's the first thing they teach you in economics class, demand and supply. The higher the demand for a product and the lower its supply, the higher its price and vice versa. Ask anything...
What entrepreneurs should do to get their startups financed
Bilal Arif, founder of a blockchain-based software-as-a-service (SaaS) company Block360, says all of his company’s clients are outside Pakistan – mostly from Europe. Block360 is yet to have a local client and Bilal believes...
Is Ernst & Young about to exit Pakistan?
Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with its Pakistani partner Ford Rhodes Sidat Hyder, which includes the possibility that...
Meet the best of LUMS MBA Class of 2019
https://www.youtube.com/watch?v=_x1ptf8Jnaw
Mohsin ObaidFun Fact: People call him an ‘energiser’After his undergraduate degree in Business Administration from Lahore School of Economics (LSE) Mohsin Obaid worked for 3 years in commercial roles, starting off with AkzoNobel Paints...
NADRA has implemented the new visa policy fast and well
In Pakistan, we are not used to the words “fast” and “efficient” being used with respect to anything our government does. Which is why when it does so, it is an absolute treat and...
Budget – Not all is doom and gloom
Prime Minister Imran Khan’s PTI led government has announced a tough budget to arrest the alarming build up in public debt over the last...
Ego and insecurity (Editor’s Note)
Being the best and being good enough are not the same thing, a distinction that the students, faculty, and alumni of the Lahore University...
For the love of all that is holy, leave the rupee...
We were almost there. After letting the rupee lose about a third of its value, albeit begrudgingly, there was hope that the Imran Khan...
“Boycotting imported products will elevate rupee and make Pakistan better off,” BS or not?
In response to the relentless hike in US dollar against Pakistani rupee, various campaigns online have urged Pakistani consumers to cut-off their purchase of...
Smuggled phones can be unblocked in the black market for Rs 2,000’: BS or Not?
Senator Mian Mohammad Ateeq Sheikh raised concerns in a Senate standing committee a few days ago over Pakistan Telecommunication Authority (PTA) blocked phones being...
‘Huawei phones have stopped working after Google pulls its Android license,’ BS or not?
An increasing number of American and Chinese companies are feeling the damaging effects of the US trade war with China as it escalates. The...
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Former PSX chairman Richard Morin breaks his silence
The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...
Data of 45,000 International passengers stolen to unlock smuggled mobile phones
ISLAMABAD: The identity credentials of around 44,943 international passengers have been stolen to unlock illegal/smuggled mobile phones.Pakistan Telecommunication Authority (PTA) and Federal Investigation Agency...
It’s a deal, it’s a steal
‘In business you don’t have to acquire a huge number of clients to be successful,’ this is the simple philosophy of Secret Stash –...
Petrol price likely to be hiked by Rs5 per litre
A further hike of Rs5 in the price of petrol is expected in view of the devaluation of Pakistani Rupee and an increase in...
FBR traces out 13,500 expensive, luxury cars in Sindh
KARACHI: The Federal Board of Revenue (FBR) has tightened the noose against tax defaulters, owning expensive cars and living a luxurious life without caring about...
‘PM Office expenses reduced by 32pc’
Finance ministry says PM Office slashed 35pc human resource and massively reduced expenditure on refreshments, fuels and procurement of equipmentISLAMABAD: Owing to the ongoing...
Govt to raid homes to look for lost dollars
The federal government is preparing to start raiding residential premises in a bid to recover undeclared dollars possibly stashed in people's homes.The process will...
Investors urged to register Rs40,000 prize bonds before April 2020
ISLAMABAD: The government on Thursday offered relaxation to the bearers of Rs40,000 denomination prize bonds, allowing the investors to register their unregistered bonds by March...
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