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Offshore drilling near Karachi coast completed

ISLAMABAD: Offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after four months of hard work. The drilling was...

Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in...
IMF-Pakistan

Government, IMF reach consensus to increase salaries, pensions 

LAHORE/ISLAMABAD: The Pakistan government and the International Monetary Fund (IMF) reached a consensus on Tuesday, on not putting a freeze on the...

Pay and Pension Commission asks government to increase salaries, pensions

ISLAMABAD: After the federal government’s decision to not increase salaries and pensions of its employees, the Pay and Pension Commission has forwarded...

Economic Survey 2017-18: People living below poverty line plunge to 24.3pc

The fall in poverty shows more prominence in urban areas than rural areas, reported the Economic Survey 2018.

Pakistan’s next economic crisis

Suppose for a minute that you are a globally focused investment manager based in London or New York. If you have been...

CPEC will continue fueling growth of Pakistan’s construction industry over next decade: Fitch Solutions

Improved transparency regarding CPEC projects will aid Pakistan’s efforts in the renegotiation of an IMF bailout, which if sanctioned could provide its struggling economy with much required economic relief, said Fitch Solutions

Salaried class to suffer as govt mulls reversing income tax slabs

Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawn ISLAMABAD: In an effort to increase the tax revenue...

Non-Filers not allowed to buy immovable property or cars, FBR clarifies

Federal Board of Revenue (FBR) has strongly refuted the news appearing in some sections of the press which states that the new...

Dollar hits all time high of Rs160.73 against Pak rupee

The Pakistani Rupee (PKR) on Wednesday morning fell further in the early hours of trading at the interbank to another all-time low of Rs160/Rs161 against US Dollar (USD).

Atif Bajwa to join Bank Alfalah as president

Punjab govt to nominate a new president for Bank of Punjab after Atif Bajwa excuses himself from the position citing personal reasons

Finance Minister inaugurates Rs 40,000 premium prize bond

Finance Minister Ishaq Dar has inaugurated the premium prize bond worth Rs 40,000 with features of monthly profit and prize of Rs...

‘Kekra in Pakistani waters among world’s three highly prospective wells’

Rystad Energy says Kekra well in Pakistani waters has pre-drill prospective resource estimates of 1.5bn barrels of oil or equivalent The Eni's Kekra...

KLM officially launches KIA Sportage in Pakistan

Kia Sportage is Pakistan’s first locally-assembled all-wheel SUV with 100,000km or four years warranty LAHORE: KIA Lucky Motors (KLM) on Wednesday launched...

Govt likely to lay off more than 30,000 employees before June 2020

ISLAMABAD: The government has been mulling to lay off more than 30,000 employees of some 20 state institutions before June 2020, apparently...