Imports reduced by $3.5bn in FY19, PM’s aide tells NA
'Prudent steps like imposition of regulatory duties and control of low-quality products will further reduce the volume of imports in the coming months'ISLAMABAD: Adviser...
Pakistan, South Korea sign framework arrangement worth $500m
Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in PakistanISLAMABAD: Adviser to Prime Minister on...
LHC sets aside FBR’s suo motu powers to collect sales tax
'FBR cannot collect sales tax from any businessperson without registering him/her'LAHORE: The Lahore High Court (LHC) has set aside the suo moto powers of...
HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019
HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first quarter of...
Respite for PSX as index closes 100 points higher
KARACHI: The Pakistan Stock Exchange (PSX) changed its direction on Wednesday, as indices managed to recover losses from the preceding session. Foreign investors closed Tuesday’s...
Enhanced Indian duties hampering Pakistani exports, NA told
ISLAMABAD: Parliamentary Secretary for Commerce Shandana Gulzar Khan on Wednesday informed the National Assembly that Pakistan's exports to India had shrunk significantly following the imposition...
Govt urged to facilitate gemstone sector
Owing to the non-availability of a safe and guaranteed space, investors hesitate to invest in this sectorISLAMABAD: All Pakistan Commercial Exporters Association (APCEA), in...
Current account deficit may shrink to $7bn in FY19: APTMA
The All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has expressed hope that the current account deficit would be down to zero within...
Economic revival, trade facilitation among govt’s top priorities: president
KARACHI: President Dr Arif Alvi said on Tuesday that revival of the country’s economy was the topmost priority of the present government.Talking to a business...
‘Rs51bn recovered from power sector in four months’
ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...
CDWP clears two projects worth Rs17.2bn
ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday accorded approval to a project worth Rs202.412 million and recommended a project worth Rs17 billion to...
Amnesty scheme delayed for more deliberations
Finance adviser asks FBR to revisit the plan and make it more transparent for the publicISLAMABAD: Adviser to Prime Minister on Finance, Revenue and...
Cement exports rise 33pc in nine months
The country's merchandise trade deficit plunged by 13.02pc during July-March 2018-19ISLAMABAD: The exports of cement from the country witnessed an increase of 32.81pc during...
FTA with China to help boost Pakistan’s textile exports: Dawood
'Pakistan will avail duty-free market share from China, equivalent to the share enjoyed by the Association of East Asian Nations'ISLAMABAD: Adviser to Prime Minister...
PSX continues to bleed, sheds 497 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Tuesday, as indices continued to bleed all day long. Foreign investors, on...
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SC restores taxes on cellular top-up
CJP says apex court will not intervene in public revenue and tax collection propositionsISLAMABAD: The Supreme Court (SC) on Wednesday ordered the restoration of all...
