Incoming PTI government set to inherit Rs1.1 trillion of circular debt
The committee was told PHPL is entitled to pay Rs153 billion in annual interest on the loans obtained
Caretaker finance minister requests APG to be accommodating in its deadline
A six-member visiting delegation of the Asia Pacific Group (APG) found some deficiencies in Pakistan’s systems, agencies, and laws to meet its global obligations against money laundering and terror financing but noted that progress was taking place
Tax regulator contemplating forensic audit of share transactions
The Federal Board of Revenue (FBR) officials deduced hiding of withholding taxes on share transactions since the brokerage commission on these transactions exhibited growth during FY18
Two RLNG based power plants face shutdown, as outstanding dues swell to Rs30 billion
There are concerns two major power plants producing 10 percent of overall peak summer generation would shut down in a week’s time if their outstanding dues of Rs30 billion aren’t cleared
Rapid depletion in reserves, unsustainable fiscal deficit hurting economy
ISLAMABAD: The economy is facing a major economic challenge with rapid depletion of foreign reserves and unsustainable fiscal deficit denying the country...
edotco bags “Asia Pacific Telecoms Tower Company of The Year” award
Karachi: edotco Group (“edotco”), an integrated telecommunications infrastructure services company, is pleased to announce that it was presented the “Asia Pacific Telecoms...
Pakistan to evaluate trade policy along modern trends
ISLAMABAD: Pakistan is to evaluate trade policy according to modern trends and Strategic Policy Framework 2015-19 would also be implemented in letter...
Govt of Sindh to initiate Doing Business Reforms across major departments
KARACHI: The Government of Sindh is implementing the Doing Business (DB) Reforms across different departments, said Sindh Board of Investment (SBI) Chairperson,...
Forex Update: Pakistan’s foreign reserves stand at $16.713bn
KARACHI: According to the State Bank of Pakistan (SBP), the total liquid foreign reserves of the country stand at $16.713 billion.
According to...
FDI drops by 45pc in July
ISLAMABAD: Foreign Direct Investments (FDI) coming into the country during the month of July 2018 has fallen down to $188 million, down...
PGPC refuses to clear duty while Customs decides to initiate proceedings: sources
ISLAMABAD: A new controversy has emerged as Pakistan Gas Port Consortium (PGPC) has so far refused to pay customs duty and withholding...
SECP to support foreign companies in expanding investment portfolios in Pakistan
ISLAMABAD: The economic growth of the country is dependent on the inflows of foreign capital from the international corporate sector and the Securities...
Bank of Punjab poses 61pc robust rise in half-yearly profits
LAHORE: A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on
17 August 2018 to consider and...
Weekly inflation falls by 0.41 per cent
ISLAMABAD: Weekly inflation measured by the Sensitivity Price Indicator (SPI) for the week ended August 16, 2018 registered a 0.41 per cent...
Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.