FOC allowed to construct 460km Sheikhupura-Nowshera oil pipeline
--ECC approves additional guarantees worth Rs5.6bn to PIACL
--Ministry of Industries directed to ensure recovery of cotton cess from textile mills
ISLAMABAD: The Economic...
Pakistan, Saudi Arabia to ink agreements worth $20bn: sources
Saudi crown prince will be the first state guest to stay at a govt building reserved for the prime minister of...
As trade deficit declines, export growth disappoints
Growth in imports has stalled, but the rise in exports has failed to deliver tangible results and should be a cause of concern for the government
PSX gains 269 points amid volatile trading
KARACHI: After morning bumps, Pakistan Stock Exchange (PSX) managed to stand its ground to close Tuesday’s session in green. Indices swung in both...
Rashid Khan appointed as PTCL CEO
ISLAMABAD: The PTCL Board of Directors in its meeting on Tuesday appointed Rashid Khan, currently the chief executive of Ufone, to the...
Remittances grew 12% in first seven months of FY19: Asad Umar
The Finance Minister said that the economy is visibly responding to the stabilization measures taken by the PTI government
TRC decides to refine system for valuation of immovable properties
Hence, it has been agreed upon to survey the likelihood of effectively utilizing the National Database and Registration Authority (Nadra) data for bringing potential people into the tax net
Pakistan, IMF yet to agree upon specifics of reform agenda: Report
As per Finance Ministry spokesman Dr Khaqan Najeeb, discussions were ongoing with the IMF regarding energy financing flows, energy sector reforms, fiscal consolidation and debt profile
Withholding tax collection from non-banking transaction rises 1% to Rs6.156b during July-Jan FY19
In January, the collection grew 13% to Rs941 million compared to Rs830 million in the same month last year
Pakistan expected to ink $12 billion investment deals with Saudi Arabia
Dawood said it was possible that an agreement for a $3 billion oil facility on deferred payments will also be signed during the Crown Prince’s visit
Debt repayments to play critical factor in ascertaining IMF bailout amount
Moreover, the short-term debt increases worries regarding debt sustainability and the rollover will also resolve the problem that IMF money will not be utilized to repay Chinese loans
Non-berthing of PSO cargo reduces RLNG supply to 220 mmcfd: SNGPL
Total RLNG available was 600 MMCFD at this time and the weather condition at the port may become more severe by Tuesday and resultantly berthing of Pakistan LNG Limited upcoming cargo may get into difficulty
Trade deficit plummets 9.66% to $19.264 billion in July-January FY19
Ministry of Commerce said interventions of the ministry to effectively control the fast-widening trade deficit have started delivering positive results
Asad Umar says striving hard to bring Paypal to Pakistan
Finance minister says apart from inviting PayPal, he is working on another online payment system, AliPay.
PESHAWAR: Finance Minister Asad Umar said...
Industrialists seek further cut of Rs100bn in GIDC
ISLAMABAD:Â The industrialists have urged the finance ministry to ensure further Rs100 billion cut in the head Gas Infrastructure Development Cess (GIDC), it...