Monday, July 6, 2020
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Rupee regains Rs1.42 interbank, nabs dollar hike

The local currency strengthens on the back of higher inflow of remittance due to Ramadan and the approaching festival of Eid

Kekra-1: Exxon Mobil all set to pack up and leave

Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea Hours after Prime Minister...

Proton officially enters Pakistani car market

ISLAMABAD: The joint venture between Malaysia's Proton and Pakistan's Al-Haj Group has been the centrepiece among a series of agreements signed between Pakistan...

IMC decides to launch Toyota Vios in Pakistan, Corolla GLi to be discontinued

KARACHI: Indus Motor Company Ltd (IMC) has finally decided to launch Toyota Vios in Pakistan after discontinuing the Toyota Corolla GLi, a...

Cement price likely to reduce by Rs14.5 per bag

LAHORE: The price of a 50-kilogramme (kg) cement bag is expected to fall by Rs14.5, as the government has slashed Federal Excise...

IMF agrees to lend $6bn to Pakistan: sources

IMF team accepts govt's stance of not further jacking up electricity prices Lauds govt's approach towards the state-owned loss-making organisations Repayment...

Eight-year-old interview comes back to bite new FBR chief

Shabbar Zaidi has been officially confirmed as the new chairman of the Federal Board of Revenue (FBR) on an "honorary and pro...

Petroleum levy raised to unprecedented levels

ISLAMABAD: The government has imposed an unprecedented increase in taxes and levy on petroleum products for the month of May 2020. As per...

Monal restaurant’s owner becomes first entrepreneur to receive ‘Pride of Performance’ award

ISLAMABAD: Owner of Islamabad's Monal restaurant, Luqman Ali Afzal, became the first Pakistani to be awarded a Pride of Performance award for 'entrepreneurship',...

Rs16.26bn released for Lahore-Multan Motorway

ISLAMABAD: The federal government has so far released Rs16.266 billion for Lahore-Multan section (M-3 section) of the Karachi-Lahore Motorway. The government had allocated a...

FBR seeks withholding tax details of all account holders

The Federal Board of Revenue (FBR) on Saturday sought details from the banks regarding withholding tax of all the account holders. FBR said...

The rupee is falling. Let it crash

Why letting the currency exchange rate fall may help fix some (but not all) of the structural flaws in the economy

ExxonMobil to commence drilling on 6th

This is the first time that any company in Pakistan would drill in the sea to explore oil and gas ISLAMABAD: The drilling equipment...

FBR proposes up to Rs40,000 tax for shopkeepers

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a maximum Rs40,000 fixed tax for shopkeepers, Pakistan Today has learnt. As per the documents,...

What does China want from CPEC?

The history of China and the United States and how it explains what Beijing is doing pouring so much money into Pakistan