Power division to announce long-term action plan to tackle energy crisis
ISLAMABAD: Energy Ministry’s Power Division has been mulling to undertake work on long-term planning up till the year 2040 for power generation,...
World Bank projects 13pc increase in remittances to South Asia in 2018
ISLAMABAD: Remittances to South Asia are projected to increase by 13.5 per cent to $132 billion in 2018, a stronger pace than...
MNCs continue to flourish amid flawed taxation system
Profits of Philip Morris have doubled since the introduction of highly controversial third-tier tax slab by the former govt
ISLAMABAD: Multinational companies (MNCs)...
CDA vows to remove impediments hampering trade
ISLAMABAD:Â Special Assistant to Prime Minister on CDA Affairs Ali Nawaz Awan said that the business community was playing an important role in...
Govt to take $490m loan from ADB for Karachi BRT project
ISLAMABAD:Â The government has decided to take a loan of $490 million from the Asian Development Bank (ADB) in order to fund the...
Govt to appoint professional board of directors in SPL
Seven directors will be chosen from the private sector with PM being head of the board
ISLAMABAD:Â The government has decided to appoint a...
Sin tax on tobacco industry to adversely impact multinational companies
'Besides encouraging illicit trade, taxation on 'sin products' will eventually reduce production volume, govt's revenue'
KARACHI:Â The federal government is planning to impose...
Pakistan remittances growth to remain flat at 6.2% in 2018: World Bank
Pakistan’s remittances as a percentage of GDP was 6.9% in 2018, ranked at 3rd behind Nepal at 30.1% and two positions above India at 2.8%
‘Railways earned record Rs453m in first week of Dec’
Sh Rasheed says the department saved 650,000-litre fuel despite starting 20 new trains in three months
LAHORE:Â Railways Minister Sheikh Rasheed Ahmad said...
India to retain top position in remittances with $80bn: WB
India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping $80 billion...
China to increase its imports from Pakistan: officials
BEIJING:Â China is confident that its imports from Pakistan will show a reasonable increase in the coming year, following the outcome of Prime...
Amid economic fears and rumours, PSX plunges over 1,900 points
This was the largest weekly fall in 67 weeks
KARACHI:Â The capital market recorded a drop of more than 1,900 points, largest weekly...
Pakistan paid $2.452 billion in external debt servicing in July-Sep FY19
A borrowing target of $12 billion has been set for FY19 by the Finance Minister Asad Umar to meet the swelled current account deficit
Turkmenistan requests Pakistan to initiate work on TAPI pipeline from 2019
Turkmengaz was nominated as consortium leader in August 2015 with 85% shareholding and Pakistan, India and Afghanistan having 5% shares each
China’s November export, import growth shrinks; surplus with U.S. record high
China’s trade surplus with the United States was $35.55 billion in November, a record high and compared with $31.78 billion in the preceding month