Slippage in billing collection and other factors causing rise in circular debt
A loan facility of up to Rs431 billion for Discos was arranged by PHPL/CPPA-G on part of Discos for FY17 as a term finance facility
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
U.S. to slap tariffs on extra $200 billion of Chinese imports
Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. exports to China
Business delegation of Italian company, Leonardo, calls on foreign minister
ISLAMABAD: An eight-member delegation of the Italian Company Leonardo, led by its CEO, Alessandro Profuma, called on the Foreign Minister of Pakistan...
Pakistan has great opportunities for Greek investors: FPCCI
LAHORE: Pakistan offers tremendous investment opportunities for Greek business community to invest in the fields of retailing, health, communication, oil refining, electricity...
22 projects worth $28.6 billion under implementation: Dr Shamshad
At least 22 projects worth $ 28.6 billion are under implementation which included 15 energy projects under the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
Finance minister chairs meeting on measures against currency smuggling
ISLAMABAD: Finance Minister, Dr Shamshad Akhtar here Tuesday chaired a meeting to discuss measures against cross-border illegal transportation /smuggling of currency.
The minister at the outset...
Commerce division holds public-private consultation on gender, trade policy
ISLAMABAD: The trade policy wing of the commerce division held a Public-Private Sector Consultation on Gender and Trade Policy at the Pakistan...
Pak Suzuki to retire Mehran VX from November
ak Suzuki has in a notification to its dealers nationwide announced that it will be discontinuing Mehran VX Model SB-308 (without air-conditioner) from November this year
Market Daily: KSE-100 index turns green, adding 164 points
The KSE-100 index resurrected from a negative 727.17 points, just 2.31 per cent away from 52-week low levels, up to intraday high of a positive 281.31 points. It ended the session higher by 164.33 points at 39,452.81.
Pakistan to chair UNCTAD’s session on competition law, policy
KARACHI: Competition Commission of Pakistan (CCP) Chairperson Vadiyya Khalil will chair the seventeenth session of the Inter-governmental Group of Experts on Competition...
Overseas Pakistanis remit $19.622bn, an increase by 1.4pc from last year
KARACHI: The State Bank of Pakistan (SBP) received the workers’ remittances of $19.622 billion in the last fiscal year (2017-18), up by...
$300 million tax retrieved under amnesty scheme till now: Bajwa
The credit to the farming sector witnessed a 37 percent rise, reaching Rs964 billion and a considerable increase in credit to small industries was observed, said Bajwa
SNGPL, SSCGC facing default prospects due to non-clearance of dues by power sector
To ensure appropriate figure of RLNG demand is put forth to Pakistan LNG Limited (PLL) for July-September 2018, the Power Division has been asked to provide a proper confirmation to off-take from RLNG volumes on a take or pay basis
Affluent people seek declaration of foreign assets at 2 percent tax
By end of last month, over $6 billion of overseas assets had been declared by Pakistani nationals on which they paid $290 million in taxes and the amnesty scheme has been extended to the 31st of July earlier this month