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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Trade deficit declines 0.3% YoY to $2.78 billion in November
On a month-on-month (MoM) basis, trade deficit recorded a decline of 5.3% to $2.78 billion from $2.94 billion in October 2018
