Pepsi and Coca-Cola pouring $1.4 billion into Pakistan: government

Pepsi planned to make “a further investment of $1.2 billion” in next five years, Khan’s office said on Wednesday, after the company’s chief executive for Asia, Middle East and North Africa, Mike Spanos, led a Pepsi delegation that met Khan

Thakot-Havelian motorway to be completed by December 2019

Islamabad: Work on Thakot-Havelian motorway is in full swing and the 118-kilometer project would be completed in December 2019. National Highway Authority (NHA) Spokesman Kashif Zaman...

American budgeting specialist delivers lecture at SMIU

A United States expert on automated budgeting and finance, Bilal Syed, has said that the financial operations in US are carried out mostly through...

Oil prices rise to two-month high

Singapore: Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions against OPEC-member Venezuela. Brent crude...

ExxonMobil purchases 25 percent shareholding in offshore drilling in Pakistan

Previously, Italian energy giant Eni, Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company (OGDC) held 33 percent share each in offshore drilling in Pakistan

Rs480b paid to IPPs unjustified, panel recommends recovering Rs 35b from IPPs

As the investigation into the Rs480-billion circular debt payments continues, the special panel backed federal auditors’ recommendations to recover Rs35 billion from Independent Power...

Pakistan and China strengthening relationship at Washington’s cost

LAHORE: China in an attempt to bolster its regional influence at Washington’s expense has increased it's diplomatic, economic and strategic ties with Pakistan, according...

CPI inflation enhances by 4.8pc YoY

The country’s Consumer Price Index (CPI) inflation increased by 4.8 per cent year-on-year (YoY) basis in April 2017, as compared to 4.9 per cent...

Textile Division, SMEDA join hands to establish 1,000 stitching units

ISLAMABAD: The Textile Division has signed a memorandum of understanding (MoU) with the Small and Medium Enterprise Development Authority (SMEDA) to establish 1,000 stitching units in...

Govt appoints Javaid Jehangir as 20th auditor-general of Pakistan

Islamabad: Another controversial appointment was authorized by the government on Tuesday, as Javaid Jehangir got assigned the portfolio of the 20th auditor-general of Pakistan. His appointment...

Curbing imports: Regulatory duty could be imposed on luxury items and mobile phones

Karachi: To curb imports and improvise exports, the government is instituting a plan to address the issues plaguing at the external front, said a...

US-Pakistan trade peaks to all-time high, say US Officials

WASHINGTON: The US-Pakistan total trade in goods is up by nearly 20 percent since 2013, reaching nearly $6.4 billion in 2017. During the same...

PM directs ministry of finance to immediately release Rs104b on account of subsidy

In a meeting presided by the Prime Minister Nawaz Sharif on Monday which was also attended by officials of the Water and Power Ministry,...

Parliamentary panel gives govt two weeks to clear its stance on circular debt

ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control Tuesday gave two-week time to the Ministry of Power to clear...

How to fix the Pakistani economy: Dr Hafiz A. Pasha

The government should formulate a clear trade strategy, and then subsidise industries that can compete globally

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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