FBR retrieves Rs2.34b outstanding withholding tax from telecom company
KARACHI: The freezing of two telecom providers by Federal Board of Revenue has resulted in a tax recovery of Rs2.34 billion, sources...
Sepia Solutions successfully deploys Google G Suite in Colgate-Palmolive Pakistan
KARACHI:Â Sepia Solutions, a Google Cloud partner in Pakistan, has successfully helped Colgate Palmolive Pakistan Limited to migrate from the legacy system to...
‘Preemptive action’: Interest rate likely to remain unchanged
Analysts say policy rates will be lowered once currency stabilises, exports recover and inflation recedes to a single-digit
What is the PTI’s energy game plan?
How having a former hydrocarbon company CEO as finance minister will shape the government’s approach to Pakistan’s biggest economic challenge
Conversion of furnace-oil power plants to LNG be prioritized says: PM
Islamabad: As the power shortfall once again crossed over 5,000MW on Tuesday with generation recorded at 18,500MW and demand at 23,500MW, Prime...
Domestic growers urge government to reduce cotton imports
Islamabad: Cotton growers on Wednesday urged the government for offering level playing field to local farmers in order to reduce the import...
IMF not in favour of amnesty schemes: official
'Such schemes usually have huge costs such as undermining taxpayers' moral and sense of fairness'
International Monetary Fund’s Resident Representative to Pakistan...
Pharmaceutical exports increase 8pc to 211.6m
ISLAMABAD:Â The exports of pharmaceutical products from the country during the Financial Year 2018-19 grew by 8.6pc as compared to the corresponding period...
Ishaq Dar’s Euro Bonds termed irregular by audit department
ISLAMABAD: Earlier in 2014 former finance minister Ishaq Dar had raised Rs280 billion through Euro Bonds, however in a recent audit report...
FATF to examine Pakistan’s progress in Oct
The Financial Action Task Force (FATF) will examine Pakistan’s progress on its existing action plan during its plenary meeting that would be...
PAMA proposed tax measures to reduce cost of locally produced vehicles
LAHORE: Pakistan Automotive Manufacturers Association (PAMA) in its budget proposals has proposed some tax measures to reduce the cost of locally produced...
Federal budget disappoints PSX
KARACHI: The federal budget for 2018-19 has disappointed the stockbrokers/TREC holders of Pakistan Stock Exchange (PSX) as most of its proposals were...
Rs30bn subsidy announced for Naya Pakistan Housing Project
ISLAMABAD: The government has announced a special package for the construction sector that includes an amnesty scheme, tax exemptions and a Rs30...
PM orders inquiry into power sector; committee formed
ISLAMABAD: In an apparent bid to rectify the wrongdoings of the past and to ensure future security, a nine-member committee has initiated...
PSX closes in green amid volatility
KARACHI:Â The investors of the Pakistan Stock Exchange (PSX) witnessed a jittery ride on Monday as they waited for the verdict by the...