Thorough plan underway to take Pakistan out of FATF grey list

ISLAMABAD: The government of Pakistan has prepared a comprehensive plan to exclude the country from the grey list of the Financial Action Task Force (FATF). Sources...

Pakistan failed to sign any FTA’s in the last 5 years

ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) started the negotiations on various trade agreements including the Free Trade Agreement (FTA) and...

FBR for AEO programme to boost trade

In order to remove the hurdles in cross-border trade, Federal Board of Revenue (FBR) has decided to make rules regarding the Authorised Economic Operator (AEO) programme.

Biggest international home textile exhibition to be held in Frankfurt

KARACHI: Heimtextil, the world biggest textile exhibition for home and contract textiles, will be held from 8 to 11 January 2019 in Frankfurt (Germany) in...

Chinese automaker plans to bring electric vehicles in Pakistan

HEFEI: JAC Motor, a Chinese state-owned automobile and commercial manufacturer based in Anhui province, is planning to introduce electric vehicles in the Pakistani market,...

Govt borrowed $1.5 billion from China from July to April

ISLAMABAD: The government has borrowed $1.5 billion from China in the first ten months of current fiscal year 2018-19. Documents show that China has given...

Financial management key to successful businesses: SMEDA

LAHORE: Financial management is the main driving key to run a successful business. It was unanimously observed by the speakers while addressing a seminar...

Siemens boosts manufacturing in Pakistan with new line for power technology

KARACHI: Siemens has strengthened local manufacturing in Pakistan with a new production line for the company’s latest technology in air-insulated switchgear, the NXAIR. Produced...

Govt to provide billions in tax exemption to Chinese companies

ISLAMABAD: While rejecting the Senate Standing Committee on Finance's recommendation to withdraw the tax exemptions given to Chinese companies, the tax department has again...

Pakistan’s macroeconomic outlook, weak balance of trade, and current account deficit

LAHORE: As a country divided over its economic policies, embroiled in political infighting and flaky governance along with a longstanding trend of borrowing from...

FBR advocating for transfer of land on open market rate

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish the ‘directorate of immovable property’ in order to enable the transfer of land on...

CCP imposes Rs5m penalty on Reliance Paints for price-fixing, downstream cartelisation

KARACHI: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs5 million on Reliance Paints Pakistan for fixing a minimum resale price...

Tech startup from Karachi wins Rs1mn in StartUp Cup

LAHORE: The fourth edition of the 2017-18 StartUp Cup, funded by the United States was won by a team from Karachi, Retailistan, that beat 17 other teams to...

MoC, NTC finalise National Trade Policy

ISLAMABAD: Ministry of Commerce (MoC) and the National Tariff Commission (NTC) has finalised the much waited National Tariff Policy. Commerce Division and NTC have...

FBR to miss revenue collection target by a wide margin

ISLAMABAD: The Federal Board of Revenue (FBR) has not been able to achieve the revenue target it set for the current Fiscal Year 2017-18, it has...

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