Federal government allocates Rs25b for Karachi projects in upcoming year’s budget

For Karachi, the federal government has earmarked Rs 25b in the upcoming year’s budget 2017-18 for the projects and schemes there. These projects include...

Pakistan Railways and PSO sign fuel transportation agreement

The Ministry of Petroleum and Pakistan Railways have signed an agreement for fuel transportation of 2m tonnes to be facilitated by the Pakistan State...

Circular debt in power sector crosses Rs400b

In a briefing to the Public Accounts Committee (PAC) provided by the Ministry of Water and Power (MOWP), it was revealed that the circular...

Decrease corporate tax and CGT rate says: PSX

The government has been requested by the Pakistan Stock Exchange (PSX) to reduce the corporate tax rate for companies listed on the stock exchange...

SSGC jacks up LPG prices by Rs10 per kg

The Sui Southern Gas Company (SSGC) has increased the LPG prices by Rs10 per kilogram after which domestic cylinder and commercial cylinder are being...

Pakistan’s foreign borrowings may cross $11b

The government plans to obtain $8.1b worth of new foreign loans in the upcoming financial year 2017-18 for project and budget financing according to...

FBR’s anti-money laundering cell starts probe into bitcoin trading

Islamabad: The Federal Board of Revenue’s (FBR) anti-money laundering cell of the Directorate General of Intelligence and Investigation, Inland Revenue ((I&I-IR) on Wednesday has...

Finance Minister to launch Economic Survey 2016-17 today

Finance Minister, Senator Mohammad Ishaq Dar, will formally launch the Economic Survey 2016-17 on Thursday. The minister will share the key economic indicators and...

Budget preparations continue in full swing

For the announcement of the federal budget for financial year 2017/18, the preparations continue in full swing in accordance with the prescribed timeline.In line...

Govt taking steps to ease tax payment mechanism: BOI

The Board of Investment (BoI) has said government's focus was on tax reforms and further steps to ease payment of tax mechanism for the...

OGRA permits SNGPL and SSGC to lay gas pipelines

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has allowed Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to lay...

Pakistan Tanners Association urges govt to withdraw duty on raw material import

The Pakistan Tanners Association (PTA) has called for removal of customs duty on the imports of basic raw material in the upcoming financial year...

External debt servicing to be 25pc more than a year ago says: SBP report

A State Bank of Pakistan (SBP) report released recently has said that Pakistan’s external debt servicing will be 25pc higher than a year ago The...

UNIDO develops $3m proposal for Agro-Industry development programme

ISLAMABAD: United Nations Industrial Development Organization (UNIDO) developed a project proposal on Agro-Industry Development Programme for Khyber-Pakhtunkhwa (KP) and Gilgit-Baltistan (GB) targeting fresh fruits, dry...

Punjab government wants GST abolished on agricultural inputs in upcoming budget

Punjab government has sent a letter to the Ministry of Finance for abolishing general sales tax (GST) on agricultural inputs in the upcoming budget....

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Nestle cuts hundreds of Pakistan staff amid global restructure: Bloomberg

The company struggles with its slowest sales growth in 18 yearsNestle SA's Pakistan unit has cut eight per cent of its workforce since...

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