EconomyPakistan's steel industry reeling, as smuggling soars
NTC anti-dumping duties haven’t thwarted the imports, as Pakistan retains its status as a favourite for the dumping of goods by Iran, Russia, China and some European countries
Dec 6, 2018
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Economy
EconomyNAB to expand investigation into Rs60 billion tax evasion by cigarette industry
The Auditor General of Pakistan (AGP) office said the cigarette industry was involved in tax evasion to the tune of Rs33 billion
Dec 6, 2018
EconomyRs82 billion plan unveiled for the agriculture sector
Talking about crop yield, Mr Sultan shared an investment of Rs4 billion will be done via promoting mechanisation
Dec 6, 2018
EconomyIMF at initial stage of assessing how much funding Pakistan requires for a bailout: Report
Ms Sanchez said that the IMF doesn’t micromanage countries and instructs as to which development and investment projects they should carry out
Dec 5, 2018
EconomyPakistan negotiating $2 billion commercial loans with China: Report
Contrarily, another official stated no progress had been made on market access with China
Dec 5, 2018
EconomyOil refineries on verge of closure, as furnace oil imports soar
Pakistan State Oil (PSO) is owed dues of Rs268 billion from power powers for the supply of furnace oil
Dec 5, 2018
HeadlinesSaudi investor pulls the plug, Shaheen Air on verge of closure
SAI’s fortunes tumbled in April this year when it defaulted on payments of taxes and fee to the Federal Board of Revenue (FBR) and Civil Aviation Authority (CAA) to the tune of Rs1.3 billion
Dec 5, 2018
EconomyExternal debt & liabilities soar to record high of $96.735 billion
According to the central bank’s data, long-term foreign debt was recorded at $64 billion by end of September 2018 compared to $56.3 billion from the corresponding period last year
Dec 5, 2018
EconomyGovt hopeful about reaching agreement with China regarding CPEC western route
The Senate committee was apprised by the Planning Secretary Zafar Hassan that the implementation agreement for establishing the Rashakai Special Economic Zone (SEZ) would be reached during the eighth JCC meeting
Dec 4, 2018
HeadlinesKanupp-II to commence operations in December 2020
AEDB Chairman said it was important to phase out imports and give preference to indigenous resources considering 24% of the country’s overall imports are related to energy
Dec 4, 2018
EconomyRupee regains Rs1.87 against greenback in inter-bank trading
But the bank officials firmly believed that SBP had intervened in the inter-bank market and the rupee’s recovery against the dollar was artificial and short-lived
Dec 4, 2018
EconomyGovernor SBP took Asad Umar into confidence about rupee depreciation: Report
According to sources, SBP Governor Tariq Bajwa had taken Finance Minister Asad Umar into confidence about the move and was decided that the depreciation of the rupee against the dollar would be gradual, but the central bank failed to implement the plan as envisaged
Dec 4, 2018