Petroleum Policy 2012 to be revised, new zone-1 (f) to be created for tapping hydrocarbon reserves
Under the Petroleum Policy 2012, an incentive package is available for onshore areas taking risk and investment requirements into consideration
Govt contemplating to transfer financial risks of ML1 project to contractors
Minister for Planning and Development Khusro Bakhtiar said on Thursday that the government was considering the possibility of finishing the $9 billion ML1 project of Pakistan Railways on a build-operate-transfer (BOT) basis
In shift, Pakistani giant Engro to bet big on rising middle class
Engro has been a major beneficiary from Beijing’s Belt and Road Initiative splurge, working with Chinese firms on coal and power projects worth billions of dollars
IMF team briefed about forthcoming mini-budget via video link
The IMF was apprised by the Pakistani authorities that the government was considering taking additional taxation measures of Rs100 to Rs125 billion via proposed changes in the Finance Act 2018 and enactment of additional customs duty and raising regulatory duty on import of luxury items
Pakistan’s foreign reserves decline by $300mn
The liquid foreign exchange reserves of the country declined by $300 million to $16.069 billion by the week ended September 7, 2018,...
IMF to visit Pakistan with $7.5bn package on 27 Sept
ISLAMABAD: After the ‘go ahead’ from the US Secretary of State Mike Pompeo, an International Monitory Fund (IMF) team is scheduled to...
Economic experts call for structural reforms in economy, taxation
ISLAMABAD:Â Economic experts on Thursday called for making structural reforms in the national economy in order to overcome the twin-deficit which includes the...
Karachi University inks MoU with SECP to encourage financial literacy
KARACHI:Â The Securities and Exchange Commission of Pakistan (SECP) and Karachi University (KU) Business School have signed a Memorandum of Understanding (MoU) at...
Senate body demands report from FBR over tobacco revenue shortfall
ISLAMABAD: A special committee of the Senate on the decline in tax collection from the tobacco industry has sought a report in...
Rs25.7bn allocated to textile sector under PM’s trade package
ISLAMABAD: The government has paid Rs25.7 billion to the textile sector under the first phase of Prime Minister’s Trade Enhancement Package which...
Competition commission penalises 7 companies for trademark infringement
ISLAMABAD:Â The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs4.25 million on seven fabric and packaging companies for deceptive marketing...
Chinese company calls on Sheikh Rasheed, discusses railways projects
ISLAMABAD: China Harbour Engineering Company’s (CHEC’s) General Manager, Wang XiaoFeng Thursday called on the Minister for Railways Sheikh Rasheed Ahmad at the...
Drastic fall predicted in cotton production
KARACHI: The Cotton Crop Assessment Committee (CCAC) has revised cotton production estimates to 10.847 million bales of 170kg each for this season,...
China welcomes U.S. invite for trade talks, Asian markets relieved
The Trump administration had invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including Chinese shares and the yuan currency
PTC cautions its sales will be impacted, if govt restores two-tier tax system
According to the formal sector, the creation of the third-tier helped to dent illicit cigarette trade from 41.2 percent to 33.3 percent in a span of one year