PIA incurring Rs2 billion monthly losses
According to the aviation secretary, the depreciation of the rupee and rise in fuel prices were the two major factors for PIA’s losses
Pakistan’s oil imports may touch $20 billion in FY19 if current prices prevail
Shell CEO said if the oil pipeline infrastructure was overhauled in Pakistan, it would contribute to a windfall of $50 to $100 million which would be passed on to consumers
Federal cabinet given discretionary powers to approve supplementary budgets
Finance Ministry has published an office memorandum to every ministry and division instructing them to seek go-ahead of the cabinet in all cases of technical supplementary and supplementary grants
Govt committed to decreasing cost of doing business, improve ease of doing business: PM
The government is also working on developing a national tariff policy to address issues of the business community and to remove anomalies in the existing tariff structure
Railways generate Rs1bn additional revenue in first 50 days of govt
ISLAMABAD:Â Pakistan Railways has generated an additional revenue of Rs1 billion in the first 50 days of the present government due to the...
FBR increases tax on imported goods Â
The Federal Board of Revenue (FBR) on Wednesday increased the regulatory duty imposed on imported goods.
According to sources, some of the imported...
CPPA seeks 44 paisa per unit hike in power price Â
ISLAMABAD:Â The Central Power Purchasing Agency (CPPA) has sought from National Electric Power Regulatory Authority (NEPRA) to approve Rs0.44 per unit power tariff...
FBR, UK’s revenue agency sign MoU to strengthen Pakistan’s tax system
ISLAMABAD: The Federal Board of Revenue (FBR) and the United Kingdom’s Her Majesty’s Revenue and Customs (HMRC) on Wednesday signed a Memorandum of...
‘Devaluation of rupee, increase in crude prices behind rising inflation’ Â
Finance Ministry asks provinces to monitor prices, discourage hoarding and extend weekly bazaars
ISLAMABAD:Â With a record devaluation in the local currency, increase...
ICAP not against privatisation of DISCOs
LAHORE: The Institute of Chartered Accountants of Pakistan (ICAP) has refuted a news report that claimed that the institute was against the...
HBL president suggests export-based model for sustainable future
 ‘CPEC will ultimately create a long-term positive effect on the balance of payments’
Habib Bank Limited (HBL) President and CEO Muhammad Aurangzeb...
ECC to decide electricity tariff hike in next meeting Â
KARACHI: After an increase in the gas tariff, the government has further deferred the increase of electricity by Rs3.75 per unit to...
Pakistan needs to get out of the comfort zone, end cycle of borrowing
Pakistan is stuck in a repeated cycle of borrowing to pay back money it already owes to other countries. The scary part - it seems like it has become too comfortable with it.
FDI has plunged by 40 percent globally: UNCTAD
According to UNCTAD, the development is mainly owing to recent tax reforms in the U.S. which have encouraged big firms there to bring home earnings from abroad – principally from Western European countries
IMF bailout package to be tabled before parliament for approval: Asad Umar
Umar said $12 billion were required to fill the current account deficit, which was essential for the country's economic stability