PIA finalizing strategic business plan to improve performance

Minister for Aviation said new routes Sialkot-Paris-Barcelona, Peshawar-Sharjah, Peshawar-Al- Ain, Multan-Sharjah and Jeddah and Madinah will commence from January and February 2019

Petroleum minister briefed on pace of offshore drilling at Indus G-Block

Exxon Mobil Chief Executive Officer Irtiza Syed on Wednesday briefed Petroleum Minister Ghulam Sarwar Khan on the pace of ongoing exploration activity...

‘Confiscated cellphones could be released after payment of duty’

The government announced on Wednesday that mobile phones that have been seized or voluntarily presented to Customs authorities after January 15, could...

Sindh govt sings MoU with SECP to set up business registration portal

The Securities and Exchange Commission of Pakistan (SECP) signed a memorandum of understanding (MoU) with four Sindh government departments to launch a...

Tax department misses revenue target by Rs158bn

FBR officials say only four per cent of the country’s population pays tax ISLAMABAD: The tax department on Wednesday admitted that it has missed...

Govt urged to help traders export potatoes to China

ISLAMABAD: As China has reportedly agreed to initiate the process of potato import from Pakistan after the latter fulfilled the sanitary and phytosanitary...

Large-scale manufacturing dips by 0.9pc in five months

ISLAMABAD: The large-scale manufacturing industries (LSMI) of the country has witnessed a decline of 0.9pc during the first five months of the current...

Foreign direct investment falls 77.2pc to $899.5m

ISLAMABAD: Pakistan’s Foreign Direct Investment (FDI) during the first half of current fiscal year (2018-19), fell by 77.2pc to $899.5 million as compared...

Pakistan, KSA discuss ways to enhance bilateral trade

The meetings of Saudi-Pakistani trade mission began in Jeddah last Sunday, where 30 Pakistani and 86 Saudi food and building material companies...

Distribution companies seek 63 paisa per unit power tariff hike

NEPRA has called a hearing on 23rd January to consider the proposed adjustment for December 2018 ISLAMABAD: Power distributing companies (DISCOs) have asked...

‘All targets set in 11th five-year plan missed’

Planning minister says core objective of 12th five-year plan is to create 10 million jobs and enhance the sustainability of economic growth ISLAMABAD: Planning,...

LCCI calls for representation of private sector in policymaking 

LAHORE: Lahore Chamber of Commerce and Industry President Almas Hyder has called for representation of the private sector in policymaking to ensure immediate...

PSX sheds 342 points amid lacklustre trading

KARACHI: Breaking the momentum of the previous two sessions, the Pakistan Stock Exchange (PSX) turned red on Wednesday, as indices dripped and...

Pakistan implements IMF’s e-GDDS for data transparency

ISLAMABAD: Pakistan has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary...

‘Pakistan wants to enhance trade ties with all neighbours including Iran’

Finance minister says world should stop creating trade impediments between Pakistan and Iran says CPEC is going to be the center...