Pak exports surge by 22.54% in Aug 2018, overall by 5.05%
KARACHI: In the first two months of the current fiscal, the country’s export stood at $3.663 billion, up by 5.05 percent compared...
SECP opens facilitation center at Gwadar
ISLAMABAD: The registration of business is a primary requirement of investors and in order to meet this demand, the SECP has opened...
‘World less equipped to manage major financial crisis’, former IMF chief’s dire warning
Populism everywhere is the direct outcome of the 2008 financial crisis
The world is less well equipped to manage a major financial crisis...
Govt intent on ending tax incentives, impose wealth tax in the revised finance bill
ISLAMABAD: The government is planning to impose wealth tax on moveable assets to control the country’s budget deficit, and this might raise customs...
NAB initiates inquiry against BoP on defaulter’s complaint
ISLAMABAD:Â The National Accountability Bureau (NAB) has started an inquiry against Bank of Punjab (BoP) on the issuance of 70 per cent rights...
Decision to increase gas prices by 46pc put on hold
ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has decided not to immediately increase gas prices by 46 per cent,...
IESCO allegedly appoints 168 workers without formal advertisement, interviews
ISLAMABAD: The Islamabad Electric Supply Company (IESCO), while adopting a pick-and-choose method, has allegedly appointed 168 persons on grade 1 to 15...
Overseas Pakistani’s remit $3.9 billion in July-August of FY19
During August 2018, the inflow of worker’s remittances amounted to US$ 2037.33 million, which is 5.60 percent higher than July 2018 and 4.24 percent higher than August 2017
Dawood’s criticism of China’s ‘Silk Road’ projects raises worries
Pakistan is struggling to avert a foreign currency crisis that could force it to seek a bailout from the International Monetary Fund. Its foreign currency reserves have dwindled to $9.9 billion last month from around $16 billion in mid-2017
Third-party investors to be extended invites for becoming part of CPEC
Gwadar would be converted into a trans-shipment hub and a centre for industrialization with a special concentration on industrial units being offered incentives that could produce a high rate of return
PTI govt contemplating to levy wealth tax on moveable assets
The measure to hike additional customs duty from 2 to 3 percent would contribute to high inflation but generate Rs40 billion in additional taxes for the government
Circular debt parked in PHPL surged 454pc to Rs582 billion since 2008
The shortfall in bill collection by distribution companies since 2013-14 has been projected at Rs434 billion
Over $600 million saved in LNG supply deal signed with Qatar: Report
The negotiations with Qatar stalled after the latter refused to decrease the offer price for LNG and Pakistan used that to its benefit by approaching the open market in late 2015 to publicly seek 120 cargoes in two huge tenders
Renault cars may hit Pakistani roads by June 2020
Al-Futtaim Renault Pakistan is set to invest $140 million for establishing its automobile assembly plant in FIEDMC
Pakistan mulling to review agreements made under CPEC: Report
A nine-member committee to review CPEC projects has been established by Prime Minister Imran Khan and is set to meet for the first time this week