EconomyRs143 billlion losses incurred by four power distribution companies
During FY17 and FY18, they posted a cumulative loss of Rs143 billion, out of which Rs75.6 loss was recorded in FY17 and Rs67.47 billion in FY18
Oct 30, 2018
Monitoring Report
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Economy
EconomyKing Long Automotive to setup assembly plant in Lahore for producing buses
The official said the project is projected to rope in an investment of around $200 million
Oct 30, 2018
EconomyBalochistan not cooperating over finalization of Rs86b discount in electricity bills
The power division in writing informed the ECC that the Balochistan government had not offered any comments despite constant reminders
Oct 29, 2018
EconomyCustoms court directs recovery of Rs63m in evaded taxes
According to sources in the Customs, these three importers were regularly erroneously declaring the description of toys in the past to avoid payment of actual taxes on their imports
Oct 29, 2018
HeadlinesComprehensive design for Pakistan's first 765kV high-voltage transmission line to be ready by December
The high-voltage transmission line owned by the National Transmission and Dispatch Company (NTDC), will provide evacuation of electricity from the Dasu hydropower project and added to the national grid and supply to consumers via 132kV and 11kV distribution systems of the power distribution companies
Oct 29, 2018
EconomyBoI chairman calls for strengthening economic cooperation between Pakistan & Germany
While talking about the investment climate, Mr Sharif highlighted Pakistan was open for business and called investors to take advantage of the chances, especially in the large consumer market
Oct 26, 2018
EconomyNAB widens investigation into lower tax collection from tobacco sector
The introduction of the three-tier tax system for the tobacco industry resulted in a massive fall in tax revenue collection of Rs33 billion, which is a major contributor to the public exchequer
Oct 26, 2018
HeadlinesAgri-business community criticizes Punjab’s new agriculture policy draft
They agri-business community believes the new policy formulated under the Pakistan Tehreek-e-Insaf (PTI) government in Punjab doesn’t provide equal footing for domestic consumers
Oct 26, 2018
EconomyCommerce division prepares proposals to enhance FDI in export sector
From the FDI inflows of $10 billion in last five years, 81% have gone into non-manufacturing sectors like IT & telecom, transport and trade, financial business, oil & gas, construction and power sectors
Oct 26, 2018
HeadlinesBusinessman denies WSJ accusations of influence in K-Electric deal
Oct 26, 2018
EconomyShaheen Air aiming to restart operations by January: Report
SAI which requires roughly Rs3.1 billion to recommence its operations has reached out to stakeholders in the Middle East, East Asia and western regions to arrange these funds
Oct 26, 2018
HeadlinesFIA report says lackadaisical attitude could cost Pakistan dearly with FATF
FIA has told the prime minister that due to a poor response of the departments linked to APG, the position was bleak for Pakistan and is presently in jeopardy of being moved into the blacklist category
Oct 25, 2018