Govt seeking $2 billion funding from AIIB, Swiss bank for construction of dams
After the conclusion of the meeting, Water and Power Development Authority (Wapda) Chairman Lt Gen Muzammil Hussain stated the fund-raising had got a good response from the public which had donated Rs260 million so far
Attraction in tax amnesty scheme waning: Report
During July, the FBR has fetched around Rs3 billion in taxes under the tax amnesty scheme
Proposal under consideration to raise customs duty by 1 percent on all imported items
Various options are under contemplation to raise additional customs duty by 1 percent on all tariff lines of 7,200 items or increase RD on over 1,550 items
Food imports post meagre 0.68 percent rise to $6.185 billion during FY18
Also, PBS data revealed oil imports surged 32.1 percent, touching $14.4 billion in just concluded FY18 due to rise in global prices of petroleum causing the import bill to surge.
Textile exports increase 9 percent to $13.53 billion during FY18
During June, textile sector’s exports touched $1.194 billion, declining 0.84 percent against $1.204 billion in May 2018 and decreasing 1.94 percent compared to $1.27 billion exports in June 2017
SBP to increase low cost housing finance portfolio
ISLAMABAD: The State Bank of Pakistan (SBP) has targeted in its newly formulated policy to increase housing finance portfolio of banks and...
Dollar surges to Rs130 in open market
ISLAMABAD: The US dollar touched a record high of Rs130 in the open market on Friday, gaining a further Rs0.30 as it...
DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve...
Dr Shamshad for improving quality of local products to decrease imports
ISLAMABAD: Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into...
First ‘Weaving City’ to be set up at M-3 Industrial Estate
FAISALABAD: The first 'Weaving City' will be established on 100 acres of land at M-3 Industrial Estate to help organise the power...
Market Daily: KSE-100 adds 2.37 per cent WoW, down 574 points
The KSE 100 index appreciated by 2.37 per cent from last week. The index touched an intraday low of 41,162.84 and finally settled at 41,224.75 after losing 573.84 points.
Appointment of legal advisors: SECP achieves 85pc complianceÂ
ISLAMABAD: The Securities and Exchange Commission of Pakistan's (SECP’s) effective initiatives and measures have resulted in an 85 per cent compliance with...
Currency crisis tops agenda for whoever wins Pakistan election
The IMF applied the kid-glove treatment to Pakistan in 2013 and allowed it to skip many painful reforms. But analysts say Islamabad is unlikely to get such leniency again after falling out with the United States, a key voice at the IMF
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
Pepco commences investigation into IESCO scam
As per the documents, the auditors during their investigation of IESCO’s records uncovered misappropriation of Rs53.9 million dues to unneeded expenditures on the construction of a duct line