RCCI calls for efficient mechanism to control cross-border smuggling

Rawalpindi Chamber of Commerce and Industry (RCCI) President Malik Shahid Saleem on Monday urged the government to adopt modern technology and strict monitoring at...

Two new venture capital funds target Pakistani startups. Is there enough deal flow?

If you are an entrepreneur or startup investor in Pakistan, the odds are very high that you have met Kalsoom Lakhani. She is the...

FBR warns public against unregistered businessmen charging sales tax

The Federal Board of Revenue has revealed that the general public has reported complaints against the businessmen who are charging sales tax from consumers...

Not running away, says KIA Pakistan’s CEO, despite serious challenges

KARACHI: KIA Lucky Motors (KLM) CEO Asif Rizvi admits Pakistan is facing ‘very difficult times’ but at the same time he cited several indicators...

Govt urged to address SMEs’ plight

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has stated that the small and medium enterprise (SME) sector was struggling the most owing...

Facebook partners with WCCI-Lahore to facilitate women entrepreneurs

#SheMeansBusiness programme will provide women entrepreneurs with the tools, training and resources that can help them secure funding and grow their businesses Facebook has...

‘Sales tax to be recovered only if supplier is registered’

The Federal Board of Revenue, in its circular issued on Thursday, has clarified that sales tax can only be recovered from the customer if...

Govt to introduce fixed tax regime for small traders: minister

'CNIC condition will be mandatory for business-to-business transactions and the govt will not reverse this decision at any cost' ISLAMABAD: There was a misperception among...

Shell blames lower energy prices for profit squeeze

LONDON: Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil and gas prices as...

Vegetable exports rise 10.8pc in FY19

ISLAMABAD: The export of vegetable products from the country grew by 10.80pc during the financial year 2018-19, as compared to the corresponding period of last...

Chinese billionaire indicted in US for alleged $1.8bn aluminum tariff evasion

WASHINGTON/NEW YORK: A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade...

Traders announce to hold four countrywide strikes in Aug

LAHORE: All Pakistan Anjuman-e-Tajran (APAT) on Wednesday announced to hold four countrywide strikes against the imposition of new taxes by the government. In the first phase,...

Indian coffee tycoon VG Siddhartha’s body found floating in river

MANGALURU/BENGALURU: Authorities in Karnataka recovered the body of coffee baron VG Siddhartha floating in a river on Wednesday, two days after his disappearance sparked...

Pakistan Post expecting up to $1.5 billion FDI on public-private partnership model: Murad Saeed

ISLAMABAD: Pakistan Post has introduced revolutionary initiatives in last year including Electronic Money Order (EMO) at doorstep, Mobile App, E-Commerce and Same Day Delivery...

Alto 660cc set to get up to Rs150,000 costlier

LAHORE: Pak Suzuki Motor Company (PSMC) is all set to increase the price of Alto 660cc by Rs100,000 to Rs150,000 from August 1st, sources...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares