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

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).

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Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawn ISLAMABAD: In an effort to increase the tax revenue...

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...

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...

SBP enforces new measures to control US dollar transactions

Pakistan tightens currency controls, biometric verification required for large dollar transactions

‘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...

Punjab Food Authority declares 61 ghee, cooking oil brands ‘unhealthy’

PFA has declared 61 ghee and cooking oil brands unhealthy for usage and has further seized 47,233 litres of ghee and cooking oil

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...

Cement prices to go up by Rs50 per bag

LAHORE: Cement manufacturers nationwide have decided to jack up cement price by Rs50 per bag after the hike in fuel prices recently....

Govt likely to allow petrol stations to set their own prices

As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...

Decline in value of rupee per dollar expected next week

KARACHI: The rupee, amid a lack of fresh triggers and an anticipated high dollar demand from importers at month-end, is expected to...

No increase in salaries, pensions in federal budget

LAHORE: The federal cabinet on Friday, while approving the budget for the upcoming fiscal year decided not to increase salaries and pension...

FBR seeks info of account holders having deposits above Rs0.5m

The Federal Board of Revenue (FBR) has acquired from the State Bank of Pakistan (SBP) information about bank account holders having deposits...

Govt plans visa on arrival for 55 countries to uplift tourism sector

Adviser to the Prime Minister for Commerce and Investment Abdul Razak Dawood said on Tuesday that Pakistan is considering allowing visa on...