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EconomyAccording to sources, Saudi Arabia asked Pakistan to give free land, complete security and utility facilities for establishing an oil refinery having 100,000 barrel per day (BPD) capacity at Gwadar
EconomyDuring the first quarter of FY19, FED collection plunged by 30 percent to Rs2.069 billion against Rs2.94 billion in the corresponding period of FY18
EconomySources disclosed the IMF team saw the reliance on provincial cash surpluses worth Rs286 billion other additional subsidy elements not included in the updated budgetary forecasts may cause slippages
EconomyThe IMF team is visiting to review the macroeconomic situation of Pakistan and is led by its Washington-based Mission Chief, Harald Finger which constitutes of officials from the funds’ Lending Policy Division
EconomyCurrently, USC’s monthly sales stand around Rs1 billion and sitting on an inventory worth Rs4.5 billion
EconomyIn the first quarter of FY19, the tax regulators’ provisional net revenue collection was recorded at Rs836 billion compared to Rs766 billion collected in the same period of FY18, according to an official handout published by FBR on Sunday
EconomyRiyadh is exploring the possibility of setting up an oil refinery at Gwadar and investing in LNG-based power projects in Punjab and a copper and gold project in Balochistan’s Reko Diq
EconomyThe Indonesian Ambassador to Pakistan stated the volume of bilateral trade is $2.18 billion, which is far less than the current potential
EconomyThe ECC meeting was apprised the sub-committee on circular debt had called the non-adjustment of liquidity damages by the Minister of Water and Power (MoWP) against claims of Independent Power Producers (IPPs) of Rs22.91 billion as illegal
EconomyWith only two days left in September, till now less than 300,000 people and corporations have filed their annual income tax returns
EconomyIn a meeting on Friday with the Ministry of Finance officials, the US embassy officials raised the issue of transparency in CPEC deals
EconomyThe local currency has remained below Rs126 since the end of July when it appreciated against the greenback on news of Pakistan Tehreek-e-Insaf (PTI) winning the general elections