APG adopts Pakistan’s 3rd Mutual Evaluation Report

ISLAMABAD: The six-day 22nd annual meeting of the Asia-Pacific Group on Money Laundering is being held in Canberra, Australia. A senior-level delegation from Pakistan, headed...

PR retrieves 383 acres of land in one year

ISLAMABAD: Pakistan Railways has retrieved around 383 acres of land worth Rs30 billion through various anti-encroachment operations during the last fiscal year (FY19). PR recovered 38km...

FBR envisions expanding sales tax net to 400,000 people in three years

ISLAMABAD: The Federal Board of Revenue (FBR) has set a target to increase sales tax base up to 400,000 people in the next three years...

Process to revive PSM on public-private partnership commences

ISLAMABAD: In order to revive Pakistan Steel Mills (PSM) through public-private partnership and make it a profitable organisation, the government has formally initiated the...

Bulls dominate as KSE-100 surges 856 points

KARACHI: Positive sentiments prevailed at the Pakistan Stock Exchange (PSX) for the second consecutive session with the KSE-100 Index managing to cross the 30,000 mark,...

Business community hails PM’s decision to form CPEC Authority

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed Prime Minister Imran Khan's announcement regarding the establishment of the China Pakistan Economic Corridor...

Communications ministry sees 52pc growth in revenue

ISLAMABAD: The Ministry of Communications has registered over 52 per cent increase in its annual revenue during the first year of the Pakistan Tehreek-e-Insaf...

RCCI calls for efficient mechanism to control cross-border smuggling

Rawalpindi Chamber of Commerce and Industry (RCCI) President Malik Shahid Saleem on Monday urged the government to adopt modern technology and strict monitoring at...

Car sales drop 42pc in July

LAHORE: Auto sales witnessed a significant decline of 29pc in the first month (July) of the fiscal year 2019-20, as compared to the same...

Pakistan’s trade balance improves 19pc in one year

ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year. "The country's...

Vegetable imports fall 13.2pc in FY19

ISLAMABAD: The import of vegetable products into the country decreased by 13.20pc during the financial year 2018-19 as compared to the corresponding period of last...

German economy could continue to shrink: Bundesbank report

The German economy could have continued to shrink over the summer as industrial production drops amid a dearth of orders, the central bank of...

Govt launches ‘Kamyab Jawan’ programme for youth uplift

ISLAMABAD: Prime Minister’s Youth Affairs Programme has launched the ‘Kamyab Jawan Programme’ for the socio-economic development of the country's youth. According to an official, under...

KSE-100 breaks 8-day losing streak, gains 797 points

KARACHI: Investors of the Pakistan Stock Exchange (PSX) breathed a sigh of relief as their trade screens turned green on Monday. Indices started moving north...

FBR to tighten noose on smuggled goods from 1st

ISLAMABAD: As per the instructions of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the board has initiated a phased programme to combat the sale...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares