Govt gives two-rupee relief in petrol price
Price of kerosene oil cut by Rs3 per litre, light diesel oil by Rs5
ISLAMABAD:Â Finance Minister Asad Umar on Friday announced that...
SBP raises key interest rate by 150 basis points to 10%
Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.
Govt takes away tax policy powers from FBR
A committee has been set up to chart out the legal and technical issues surrounding the decision
Devaluation ‘inevitable’, govt says after rupee falls to historic low
Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market close
Govt loans from central bank soar to record high of Rs5.4 trillion
During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion
FBR and Commerce Ministry at loggerheads over National Tariff Policy
The approval of NTP was included in the hundred-day agenda of advisor to Prime Minister on Commerce, Industry, Textile and Board of Investment (BOI) which was missed
Tax department detects benami account being run by a property dealer
Federal Investigation Agency (FIA) on the instruction of Supreme Court is probing the fake accounts while I&I IR FBR have also detected a fake/benami account run by a big property dealer
Horticulture exporters set 325,000 tons target for Kinnow exports
A record export volume of 375000 tons was attained during last year fetching foreign exchange of $200 million
PARC becomes ‘white elephant’?
Ministry of National Food Security and Research declines additional funds worth Rs1.32 billion for PARC
Oil sinks below $50 on output cut doubts
New York oil sank to under $50 on Thursday owing to doubts over an OPEC output cut, while most stocks rose as the Federal Reserve hinted at a softer pace of interest rate hikes.
Market Daily: Uncertainty grips PSX as investors await monetary policy announcement
The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.
IT minister tells Senate committee headway expected in recovery of $800m from Etisalat
While answering queries from Senator Imamuddin Shouqeen regarding the sale of PTCL properties, Mr Siddiqui said PTCL had been barred from selling its properties
CCoE bars import of imported furnace oil for three months
The Power Division apprised the committee that furnace oil was being utilized to stabilize fuel supply and in the last few months it was being used by power plants rather than LNG
Loan size for Rabi crops being raised to Rs30,000 under E-credit scheme
Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season
Suzuki seeks Greenfield status, tax benefits in exchange for $450 million investment
As per ADP 2016-2021 policy, Suzuki’s investment of $450 million would fall in the Brownfield category, however, it wants to avail tax benefits under the aegis of Greenfield project, said officials in the Ministry of Industry and Production (MoIP).