Textile exports touch $8.8bn, up 7.2pc YoY in July-February 2017-18

KARACHI: Pakistan textile exports increased by 7.2 per cent Year on Year (YOY) in February 2018 to $1.1 billion primarily led by an...

Pakistan to receive oil worth $4.5bn from IDB

'Talks are underway to finalise a similar agreement for the supply of LNG' The Islamic Development Bank (IDB) will provide a three-year $4.5...

Strategy on cards to go after tax-evaders, growth target achievable: Rana Afzal

ISLAMABAD: Finance Minister Rana Muhammad Afzal Khan on Thursday said the government was devising a strategy to go after the tax-evaders and initially...

Pakistan, China agree to enhance cooperation in fisheries, tourism sectors

ISLAMABAD: Planning Secretary Zafar Hasan has said that the China-Pakistan Economic Corridor (CPEC) was progressing satisfactorily, as a lot of challenges related to...

FDI dips by 40 percent in July-Aug 2018

–‘Situation to remain bleak unless govt comes up with a favourable policy for investors’ KARACHI: Foreign direct investment (FDI) dipped by 40 percent to...

Punjab sugar mills halt crushing owing to ‘non-availability of sugarcane’

LAHORE: Punjab sugar mill owners on Tuesday stopped their crushing processes and decided to close their mills owing to "non-availability of sugarcane". Around...

DISCOs seek periodical adjustments in consumer-end tariff

ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve...

China to step up economic stimulus in slowdown fight

BEIJING: China will take steps to spur growth amid a trade war with the United States, but there is limited room for...

Exorbitant energy prices to slow down economy: PEW

‘Average Pakistani spends 30pc of his income on electricity’ ISLAMABAD: Pakistan Economy Watch (PEW) has raised concern over the increasing energy price in...

Stock market gains 550 points as investor confidence improves

Overall trading volumes improved by 32pc and were recorded at 189.15m KARACHI: After few early bumps, the Pakistan Stock Exchange managed to stand...

Petrol prices remain unchanged, at least for now

In its summary, OGRA had suggested Rs14.37 per litre increase in petrol prices, Rs4.89 per litre increase in diesel prices, Rs7.46 per litre in kerosene oil and Rs6.40 per litre hike in Light diesel prices.

Advisor to PM Abdul Razak Dawood lauds PFC for holding “Interiors Pakistan” exhibition

Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood Friday felicitated PFC Chief Executive Mian Kashif Ashfaq for conducting ten consecutive 'Interiors Pakistan' exhibitions successfully across the country to promote local furniture sector.

Destiny of super-tax, tax on bonus shares hangs in the balance

ISLAMABAD: As the budget announcement looms on Friday, the authorities are deliberating regarding the destiny of key revenue measures. A report published in...

PTI aims to resuscitate PSEs by creating wealth fund

The likely finance minister said the PSEs have been bleeding the national exchequer to the tune of Rs1,100 billion losses with Pakistan Steel Mills topping the list

Chinese firm to invest Rs4b for setting up soda ash plant in Punjab

Lahore: A Chinese company has decided to invest heavily in different sectors of Pakistan’s economy and it will start its venture by...

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FBR proposes up to Rs40,000 tax for shopkeepers

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a maximum Rs40,000 fixed tax for shopkeepers, Pakistan Today has learnt. As per the documents, the tax...

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KSE-100 sheds 133 points in range-bound session

KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured another volatile session on Wednesday where indices ended negative after range-bound activity. Foreign investors offloaded...