Power sector billing recovery stalls, financial gap widens to Rs324 billion for July-April FY18
Total billing of discos amounted to Rs976.339 billion during the first ten months (July-April) FY18 and total receipts were recorded at Rs652.158 billion
Punjab government in midst of severe cash flow crisis
In accordance with directives of the interim Punjab chief minister, Rizvi sent a letter to the federal finance minister asking for disbursement of the withheld share of the province, which was also highlighted during a meeting in Islamabad
Violating banking rules, FBR withdraws Rs2 billion from PRA’s bank accounts
The Punjab government is going to take the matter up with the State Bank of Pakistan (SBP) and the federal government
Pakistan asks China to give more loans for boosting foreign exchange reserves: Report
Pakistani officials have told their Chinese counterparts in case the country seeks a bailout from the IMF, details of CPEC and how it is being funded will have to be shared with them and force it to cancel some of the infrastructure projects already planned.
China vows to keep providing financial help to Sri Lanka
Sri Lanka last year granted Beijing a 99-year lease on a new port on one of the world’s busiest shipping routes after being unable to afford to repay Chinese loans for the $1.4 billion project
Pakistan’s liquid foreign reserves increase due to inflows
KARACHI: The State Bank of Pakistan (SBP) on Thursday said the total liquid foreign reserves held by the country stood at $16,385.7...
Pakistan for balancing trade deficit with Qatar
Due to LNG imports, trade deficit of Pakistan with Qatar has increased to $1.6 billion
773 new companies registered in June: SECP
ISLAMABAD: In June, the Securities and Exchange Commission of Pakistan (SECP) registered 773 new companies. As compared to the corresponding month of the last...
No requirement to be a tax filer for vehicles below 1000cc: Tax authorities
ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July...
Bureaucracy in Finance ministry behind decision to increase petroleum prices
ISLAMABAD:Â The bureaucracy sitting at the Finance Ministry and the Federal Board of Revenue (FBR) compelled the caretaker Prime Minister to increase the...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Customs in a jumble as stolen vehicles from Japan worth Rs200m await final decisionÂ
ISLAMABAD: The Collectorate of Customs Lahore is all set to manage Rs200 million worth scandal of 14 luxury V8 Land Cruisers and...
Jaguar says ‘bad Brexit’ would mean it could not stay in UK
Shares in Tata plunged to their lowest in more than five years on Thursday, as investors turned jittery on the company, whose biggest business is JLR, which contributed nearly 77 percent of its total revenue in the year ended March 31, 2018
Trade war could hurt these economies far more than U.S., China
It reveals countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable to the risk of a trade spat than the two currently front and centre
China warns U.S. ‘opening fire’ on world with tariff threats
U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as a total of $450 billion in Chinese goods if Beijing retaliates, with the row roiling financial markets including stocks, currencies and global trade of commodities from soy beans to coal