Hubco completes acquisition of 37% stake in ThalNova

In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh

Overseas Pakistanis liable to pay tax on bringing more than one mobile phone : Chaudhary

Chaudhary said a 38% duty will be levied on costlier mobile phones

Over $15 billion remittances being sent via Hundi

Bukhari said they had introduced biometric verification system to ensure better communication between the ministry and the Pakistani diaspora working abroad

Govt dismisses demand to provide Rs6.6 billion subsidy on local sugar sale

Another request of the sugar industry to permit state-owned Trading Corporation of Pakistan (TCP) to procure 20,000 tons of sugar from the millers was also rejected by the government

WB rescinds $250 million loan for climate change and disaster risk

Both sides were unable to reach a consensus on a new macroeconomic framework

Pakistan diaspora bond likely to be launched within a month

Due to delays in securing a bailout package from the International Monetary Fund (IMF), the issuance of Eurobonds has been put on hold

Japanese businessmen invited to explore trade opportunities in Pakistan

ISLAMABAD: Advisor to the Prime Minister on Commerce and Trade Abdul Razak Dawood on Monday underscored the importance of furthering trade and investment relations...

Govt pays $10.038m as commitment charges for not utilising loans

ISLAMABAD: The government paid $10.038 million as commitment charges to multilateral institutions for not utilising the sanctioned loans earmarked for different projects during the last...

Pakistan, China agree to explore new avenues under CPEC

ISLAMABAD: Pakistan and China on Monday agreed to expand China Pakistan Economic Corridor (CPEC) to new areas of cooperation in line with the vision of...

Overseas Pakistanis remit $9.02bn in five months of FY19

KARACHI: Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of fiscal year 2018-19, showing a growth of 12.56 per...

LCCI calls for removal of trade impediments, facilitation of startups

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to build a business-friendly environment so that Pakistan's ranking in the 'ease...

Power division to announce long-term action plan to tackle energy crisis

ISLAMABAD: Energy Ministry’s Power Division has been mulling to undertake work on long-term planning up till the year 2040 for power generation, distribution and...

World Bank projects 13pc increase in remittances to South Asia in 2018

ISLAMABAD: Remittances to South Asia are projected to increase by 13.5 per cent to $132 billion in 2018, a stronger pace than the 5.7...

MNCs continue to flourish amid flawed taxation system

Profits of Philip Morris have doubled since the introduction of highly controversial third-tier tax slab by the former govtISLAMABAD: Multinational companies (MNCs) in the...

CDA vows to remove impediments hampering trade

ISLAMABAD: Special Assistant to Prime Minister on CDA Affairs Ali Nawaz Awan said that the business community was playing an important role in the development...

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PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

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