Shaheen Air proprietors escape Pakistan, leave recoveries in limbo
SAI’s fortunes tumbled in April this year when it defaulted on payments of taxes and fee to the Federal Board of Revenue (FBR) and Civil Aviation Authority (CAA) to the tune of Rs1.3 billion
New auto companies express dismay at tax relief for Pak Suzuki Motor
Previously, Pak Suzuki Motor had tried to secure tax exemptions under the Greenfield investment category from the PML-N administration which was declined
IMF calls for further adjustments in exchange rate and monetary policy
The IMF called for 22% further hike in power tariff to address the problem of circular debt
Pakistan, IMF discuss bailout terms on video conference
Delegations of the Pakistani government and International Monetary Fund (IMF) discussed various terms regarding the unavoidable bailout package in view of the...
UK urged to help Pakistan tackle money laundering
LONDON: Information Minister Chaudhry Fawad Hussain urged the United Kingdom to work in collaboration with Pakistan to eliminate the scourge of money laundering.
He...
Pakistan lost $384m last year owing to climate change: report
BEIJING: Pakistan has suffered an economic loss of $384 million due to extreme weather events last year, according to a new climate change...
‘Pakistan desirous of forging close trade ties with Africa’
ISLAMABAD: President Dr Arif Alvi said on Thursday Pakistan was desirous of forging close trade, commercial and investment ties with the African continent.
Talking...
Federal cabinet approves uninterrupted, subsidised gas for export industry
ISLAMABAD: Contrary to the decision of the apex court, the federal cabinet on Thursday approved approximately Rs25 billion worth subsidy for uninterrupted supply...
Following Volkswagen, Pakistan desires more investment from Germany
ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi on Thursday welcomed the German automaker Volkswagen’s decision to start manufacturing vehicles in Pakistan.
He also invited...
PM Imran won’t change economic team, Haq claims
PM’s Special Assistant on Political Affairs Naeemul Haq on Thursday claimed that no member of the government’s economic team, including Finance Minister...
SBP reserves decrease by 7pc, stand at 7.5bn
KARACHI: The State Bank of Pakistan (SBP) on Thursday stated that the total liquid foreign reserves held by the country stood at $13.9...
US trade deficit hits 10-year high in October
WASHINGTON: The US trade deficit hit a 10-year high in Oct 2018 as Americans used a stronger dollar to snap up record imports,...
SECP stresses need to connect microfinance sector with capital markets
KARACHI: It is imperative to connect the microfinance sector with the capital markets so that the sector could meet its growth trajectory and...
Govt to facilitate local construction industries for economic revival
CAP requests planning minister to establish a Construction and Infrastructure Development Board
ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has underlined...
‘French investors keen to explore opportunities in Pakistan’
French Ambassador Marc Barety said that the French businessmen are willing to explore different sectors of Pakistan’s economy for investments.
Talking to Senate’s...