Govt decreases power tariff by Rs3 per kWh for zero-rated industry to enhance exports
Consequently, the tariff cut will be beneficial for the industry and enhance the country’s competitiveness in the global market besides reducing the cost of doing business
PM hasn’t taken any decision to remove MD’s of SNGPL & SSGC
Last week, a report prepared by the Petroleum Division secretary was sent to Prime Minister Imran Khan stating the management of Sui gas companies was responsible for the gas crisis
World Bank warns brewing trade storm jeopardizes global economy
The growth of the world economy is expected to slow to 2.9 percent this year, and 2.8 percent in 2020, slightly below the previous forecast, and the estimates for nearly all regions and countries were downgraded
Inability to complete paperwork causes delay in CPEC mass transit projects: Report
Also, the Pakistani side was unable to finalize the feasibility studies of Quetta mass greater scheme and greater Peshawar mass transit circular rail project
Pakistan’s first blockchain-based cross border remittances service launched
The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period
OLMT stations to be commercialized: Aleem Khan
He said private banks and other institutions would be offered sponsorship of these stations so that losses could be minimised on a permanent basis, according to a handout issued here
CPEC could create 700,000 jobs for locals by 2030
A recent study conducted by CPEC Centre of Excellence, Ministry of Planning, Development and Reform of Pakistan showed that indirectly, CPEC could help create even 1.2 million jobs under its presently agreed project.
ECC seeks revenue impact of withdrawal of duties on cotton imports
ISLAMABAD: As the government is already facing a revenue shortfall of Rs125 billion during the past six months due to the relaxation...
Tax dept’s justification on declining tobacco revenue rejected
ISLAMABAD: A special committee has rejected the tax department's briefing on a matter pertaining to the decline of Rs60 billion in revenue from the tobacco...
Progress report on PSM operationalisation sought
The Economic Coordination Committee (ECC) on Tuesday sought a progress report on the operationalisation of Pakistan Steel Mills.
A meeting of ECC, chaired...
Bill Gates desires to invest heavily in Pakistan’s IT sector
Bill Gates, a billionaire philanthropist and the founder of Microsoft, in a letter to Prime Minister Imran Khan on Tuesday, expressed his...
LCCI demands facilitation for potato exports
LAHORE:Â The Lahore Chamber of Commerce and Industry has demanded the government to facilitate the exports of potato as the present state of...
SC asked to intervene as KMC takes advantage of anti-encroachment drive
KCCI president says ongoing anti-encroachment drive is not purely targeting encroachments, as most of actions are being taken against genuine shopkeepers
KARACHI:Â Karachi...
‘Horticulture export can fetch $2.5bn in five years’
PFVA patron-in-chief says introduction of drip irrigation system can save water wastage equivalent to the capacity of two dams
ISLAMABAD:Â Horticulture export could...
PSX extends gains amid improved market sentiment
KARACHI:Â Optimistic sentiments prevailed at the Pakistan Stock Exchange (PSX) for the second consecutive session on Tuesday. Indices which opened positive continued to...