Govt facilitates clearance of over 1,000 imported cars

ISLAMABAD: As the new conditions imposed by the government on the import of used cars have discouraged the importers, the Economic Coordination...

Govt approves establishment of three new SEZs in Islamabad, Punjab, Sindh

ISLAMABAD: In an effort to boost investment and economic activities in the country, the government has approved the establishment of three new...

Economists point out myths and facts about Pakistan’s defence budget

--Govt to spend 17.7pc on defence-related activities in FY21  --Army to get 47.6pc of the total defence budget of Rs1.28tr     --Pakistan's military expenditures...

Ogra recommends Rs7 per litre cut in petrol price

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended the Petroleum Division to reduce the price of petrol by Rs7.06 per...

PKR down by another Rs1.4 against USD in interbank market

Pakistani Rupee (PKR) continued to depreciate against US Dollar (USD) in the interbank market on Tuesday, as the currency closed at Rs151.47...

Monal restaurant’s owner becomes first entrepreneur to receive ‘Pride of Performance’ award

ISLAMABAD: Owner of Islamabad's Monal restaurant, Luqman Ali Afzal, became the first Pakistani to be awarded a Pride of Performance award for 'entrepreneurship',...

Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year...

Sindh govt approves two mega projects for Karachi

Projects include establishment of ‘Karachi Marble City’ and a state-of-the-art technology park in NED University KARACHI: Sindh government has approved two mega industrial...

PTA stopped from taking action against Mobilink, Telenor

ISLAMABAD: The Islamabad High Court (IHC) has stopped Pakistan Telecommunication Authority (PTA) from taking action against two mobile operating companies. The court has also...

Budget 2019-20: Salaried class to pay more taxes under PTI govt

Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.

Rupee declines against dollar in interbank market

ISLAMABAD: The exchange rate for Pakistani rupee went down by 61 paisas against the United States (US) dollar during the interbank trading...

The great land theft

If there is a single place that can be thought of as the foremost cathedral to free-market capitalism, it is not the...

Mian Mansha brings Hyundai cars back to Pakistan

South Korean carmaker Hyundai Motor Co is expected to resume assembling of cars in Pakistan, according to a statement sent to PSX...

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...

Rupee regains Rs1.87 against greenback in inter-bank trading

But the bank officials firmly believed that SBP had intervened in the inter-bank market and the rupee’s recovery against the dollar was artificial and short-lived