Circular debt touches staggering levels, crosses Rs1 trillion
Official documents disclosed during the first nine months of the financial year 2017-18, over Rs60 billion worth of electricity was stolen
U.S., EU take small step on trade, but no breakthrough at G7 summit
Expectations for a major breakthrough on trade at the summit, however, remain low, with U.S. allies focused on avoiding rupturing the G7, which in its 42-year history has tended to seek consensus on major issues
Pakistan exports to Afghanistan clock two-year highs, touch $1.282 billion
In FY15, exports to Afghanistan were recorded at $1.699 billion which decreased to $1.230 billion in FY16 and reducing to $1.165 billion in FY17
Pakistan’s trade deficit touches record high of $34b in July-May FY18
The total increase in imports during July-May FY18 was around 14 percent compared to corresponding last FY17
Punjab misses wheat procurement target, purchases 3.62 million tons
Office bearers from several farmers’ organizations have blamed the food department for not having started procurement campaign by mid-April
Chemical industry seeks government assistance to establish petrochemical complex
Pakistan doesn’t possess a single cracker complex which made its downstream industry hugely dependent on imports, said Kidwai
Oil industry gets its wish, petrol & diesel profit margins jacked up
The Federal Board of Revenue’s (FBR) inability to formulate a mechanism for general sales tax (GST) collection under a deregulated system, allowed the oil industry to get these margins revised in line with an old Consumer Price Index (CPI) based formula
Nepra chastises NTDC for recurring power failures
NTDC was granted permission by Nepra to invest Rs96.63 billion in the last three years to enhance dependability of the transmission network
Property tax collection plunged 20 percent in July-April FY18
Punjab’s property tax collection fell 31.62 percent, to touch Rs2.66 billion in first ten months of FY18, compared to Rs3.88 billion in the same period of FY17
Chinese Acting Ambassador congratulates Dr Shamshad on new assignment
ISLAMABAD: Acting Ambassador of the People’s Republic of China, Zhao Lijan on Friday felicitated Minister for Finance, Revenue, Economic Affairs, Statistics and Planning...
TCS helps NED Racers move race car prototype to Canada
KARACHI: Pakistan’s largest courier, logistics and services provider, TCS provided logistical assistance to NED Racers, a cohort of dynamic engineering students from...
CPEC has changed the dynamics of Pakistan’s business & economic landscape
According to China Overseas Ports Holding Company (COPHC), Gwadar port's operator, some 20 companies in different businesses have already joined the Gwadar free zone with direct investment of 3 billion Chinese yuan (over 460 million U.S. dollars)
Belt & Road initiative could increase global trade by 12 percent: Report
ING’s report says countries in Central Asia and Eastern Europe would gain the most from BRI, however, benefits would be contingent upon where trade costs decrease
Pakistan set to miss export target by big margin
Pakistan exports are projected to touch between $23-24 billion for FY18 compared to the target of $35 billion set by the previous PML-N government
Caretaker PM directs petroleum ministry to develop strategy for meeting rising energy demand
As local gas production dwindles, LNG requirement which presently is recorded at 1,000 million metric cubic per day (mmcfd) is forecast to touch 3,600 mmcfd by 2030