PM urged not to reduce FED for steel mills in KP tribal areas

ISLAMABAD: The steel manufacturers have objected to the government’s intention of reducing federal excise duty for steel mills in erstwhile FATA, as it would render...

SBP reserves surge 12.9pc to stand at $8bn

ISLAMABAD: The total liquid foreign reserves held by the country as on July 12 stood at $15.24 billion after an increase of $918 million...

Tobacco exports dip 17pc in 11 months

ISLAMABAD: The export of tobacco from the country witnessed a decrease of 17.87 per cent during the first eleven months of the fiscal year...

No CPEC-related info shared with IMF, Senate told

Minister says Senate panel should look into issues through the prism of national interest rather than paying heed to false media reports ISLAMABAD: The Senate's...

Stocks bleed as KSE-100 plunges 672 points 

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed bloodshed on Thursday, as the indices kept trading in the red amid lack of triggers. Foreign...

Minister urges ADB to scale up lending for Pakistan

ISLAMABAD: Economic Affairs Minister Hammad Azhar on Thursday met Asian Development Bank (ADB) Country Director Xiaohong Yang to discuss key priority areas and new avenues...

Asia growth steady amid global trade tensions: ADB

MANILA: Developing Asia is forecast to maintain strong but moderating growth over 2019 and 2020, as supportive domestic demand counteracts an environment of global...

ECC decides to impose ban on export of wheat

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Wednesday presided over a meeting of the Economic Coordination Committee (ECC) of the...

Current account deficit drops 32pc

The country’s current account deficit fell by 32pc during the current fiscal year owing to the business-friendly policies adopted by the incumbent government to...

PM Imran says won’t give in to traders’ pressure

'If we all pay taxes regularly, we will have enough money to pull the country out of the quicksand of loans' 'Those who...

LPG distributors to observe strike in Karachi tomorrow

The Liquefied Petroleum Gas (LPG) Distributor Action Committee has announced to go on strike from today (Friday) in Karachi against the unnecessary crackdown of...

PTEA demands immediate resdressal of export-related challenges

'Stuck-up liquidity in refund regime, non-availability of subsidy on energy supplies and imposition of taxes on raw materials have adversely impacted textile industry' FAISALABAD: Pakistan...

‘Huawei to invest $100m in Pakistan this year’

Huawei vice president says his company will set up a technical support centre in Islamabad to create job opportunities for young engineers of...

ICCI resents hike in SBP policy rate, demands withdrawal

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has resented the State Bank of Pakistan's decision of increasing the policy rate by 100...

Stocks finish flat amid volatility

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a jittery session on Wednesday, as the indices that opened positively declined by midday but later...

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ADB approves $235m loan for Karachi’s BRT

The Asian Development Bank (ADB) has approved a $235 million loan to help develop Karachi’s Bus Rapid Transit project. According...

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FBR warns business community against under-invoicing, misdeclaration

The Federal Board of Revenue (FBR) has warned the business community against under-invoicing or misdeclaration of imported goods. “Otherwise, the FBR will take punitive action...