Cement despatches decline 6.7pc in March

Total despatches in the first nine months of FY19 stood at 29.448m tonnes as compared to 31.314m tonnes in the same period...

Argentina wants enhanced trade relations with Pakistan: envoy

LAHORE: Ambassador of Argentina to Pakistan Ivan Ivanissevich and Lahore Chamber of Commerce and Industry (LCCI) President Almas Hyder on Thursday agreed to...

NEPRA jacks up power tariff by 81-paisa per unit

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) on Thursday gave its approval to increase the power tariff by Rs0.81 per unit on...

Asad Umar chairs NPMC meeting, reviews prices of food, pharmaceutical items

Committee agrees to formulate an integrated market mechanism to reduce price disparity among provinces ISLAMABAD: The National Price Monitoring Committee (NPMC) met on...

PSX plunges 506 points on weak economic outlook

The power generation and distribution sector lost 2.42pc from its cumulative market capitalisation following the news regarding an increase in power tariff...

China outlines fresh tax cuts to lift economy

BEIJING: China has unveiled tens of billions of dollars worth of tax and fee cuts as part of a drive to kickstart...

K-Electric’s receivables surge to Rs158.8bn

KARACHI: The outstanding receivables of K-Electric (KE) have ballooned to Rs158.8 billion on account of outstanding payments from various federal and provincial public...

Two-day tourism moot concludes amid suggestions, debate and controversy

ISLAMABAD: Many productive and practical ideas were discussed during the second day of Pakistan Tourism Summit 2019. Continuing on yesterday’s discussions, some speakers...

Amnesty scheme for tax evaders ‘need of the hour’, Umar insists

Finance minister says tax amnesty is controversial, says 'public office-holders, civil servants won't be eligible if scheme does come' Defends increase...

NAB initiates probe into Rs933 Faisalabad dry port scam

ISLAMABAD: The National Accountability Bureau (NAB) has started its investigation into the Rs933 Faisalabad dry port scam, sources revealed on Wednesday. The Federal Tax Ombudsman...

Agricultural cooperation with China to be enhanced under CPEC

ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar said on Wednesday that the government was focused on developing the agriculture sector on...

ECC approves immediate import of 100,000 tonnes of urea

Ministry asked to review the price mechanism of fertiliser industry to ensure the provision of urea to farmers at cheaper rates ISLAMABAD: In order...

Govt decides to withdraw 10pc duty on 1,700cc and above cars

ISLAMABAD: Succumbing to the pressure of local car manufacturers/assemblers, the government is all set to withdraw its decision of imposing 10pc federal excise...

FBR holds awareness session on recent tax reforms

ISLAMABAD: The Federal Board of Revenue held a session in Lahore for leading tax consultants, tax managers and businessmen in order to create...

Sugar rush fades for Indian farmers ahead of vote

Debts and drought have driven thousands of farmers to suicide in recent years, putting PM Modi on the back foot as...