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:Â 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:Â 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:Â In order...
Govt decides to withdraw 10pc duty on 1,700cc and above cars
ISLAMABAD:Â 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:Â 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...
ADB sees Pakistan’s GDP growth to decelerate to 3.9pc in FY19
Until macroeconomic imbalances are alleviated, the outlook is for slower growth, higher inflation, pressure on the currency, and heavy external financing
...
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...
Stock market ends flat amid volatility
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) endured another volatile session on Wednesday. Indices that swung in both directions failed to sustain...
IPPs get relief as IHC suspends NEPRA’s suo moto notice
ISLAMABAD:Â The Islamabad High Court (IHC) has suspended National Electric Power Regulatory Authority's suo moto notice to residual fuel oil (RFO)-based Independent Power...