Country’s circular debt soars to Rs521b, Senate told
Country's circular debt has soared to Rs521 billion on May 30, 2018, Minister for Energy Ali Zafar told Senate in a written reply.
Bourse turns bullish over improved investor sentiment
KSE-100 gains 319 points on expectations of a further rate cut; construction of dams
PSX receives Rs 8.96b from sale of 40pc equity stake
The Pakistan Stock Exchange (PSX) has received Rs8.96 billion from the Chinese consortium as a result of the sale of 40 pc...
Govt willing to scrap 0.02% advance tax on sale & purchase of shares
According to a Finance Ministry summary, it has recommended that Section 65C of the Income Tax Ordinance (ITO) permits incentives for listing by entities via tax credits and this can be further augmented to urge new listings
Govt keen to see Pakistan as emerging hub of economic activity: Rana Afzal
ISLAMABAD: Minister of State for Finance, Rana Muhammad Afzal Khan said that the government is keen to see Pakistan as an emerging...
Caretaker finance minister ‘dismayed’ at lack of advancement on SEZs
Sources in the planning ministry said the bureaucracy was the major impediment in the way of SEZ development
SECP operations neglected as management fails to see eye to eye
ISLAMABAD: Alleged tussles between the Security Exchange Commission of Pakistan (SECP) ‘junior’ chairman and senior commissioners are reportedly damaging the operations of the...
FPCCI to meet PM, Finance Minister to discuss budget anomalies
FPCCI to hold a meeting on Tuesday with Prime Minister Shahid Khaqan Abbasi and Federal Finance Minister Dr Miftah Ismail to discuss the issues and anomalies of the recently announced Federal Budget 2018-19.
Trump says ‘I think we’ll make a deal with China’ on trade
The United States has imposed tariffs on $250 billion worth of Chinese goods so far, while China has retaliated with $110 billion worth of tariffs on U.S. goods
Core textile earnings improve during first half 2017-18
KARACHI: Pakistan’s overall textile exports showed a positive trend in first six months of the current fiscal year (up 8 per cent...
Envoy calls for enhanced trade ties between Hungary, Pakistan
ISLAMABAD: Hungarian Ambassador Szabó István has proposed the signing of a memorandum of understanding (MoU) between the Hungarian Export Promotion Agency (HEPA)...
DISCOs, CEO performance to be checked: Leghari
ISLAMABAD: Minister for Power Division Sardar Awais Ahmed Khan Leghari issued directions to assess the performance of DISCOs and its CEO on...
China wants to downgrade status of ML-I from ‘strategic project’
ISLAMABAD: China wants to relegate the status of ML-I from ‘strategic project’, which would change the dynamics of financing for this project,...
Pakistan’s real economy is performing well: IPR report
LAHORE: Pakistan's real economy is performing well with favorable signs for GDP growth rate, inflation, consumption and private sector economic activities. This...
Caretaker govt fails in recommending gas prices proposed by OGRA
ISLAMABAD: Two state-owned gas utilities, SNGPL and SSGCL are facing with severe financial constraints while the caretaker government has so far not...