Leather goods exports up by 7.99pc
ISLAMABAD: The export of leather goods from Pakistan increased by 7.99 per cent during first 11 months of the fiscal year 2017-18...
Increasingly difficult to keep undeclared assets, says FBR chairman
KARACHI: The Federal Board of Revenue’s (FBR’s) Chairman, Tariq Mahmood Pasha on Thursday said the tax amnesty scheme is for the business...
Minister hails role of business community in national economic developmentÂ
LAHORE: Punjab Caretaker Minister for Labour and Livestock, Mian Nouman Kabir has lauded the pivotal role business community plays in the economic...
NEPRA imposes fine of Rs5m on Genco-III for power breakdowns
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs5,000,000 on M/s Northern Power Generation Company Limited GENCO-III,...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0...
CDC to facilitate transfer of book-entry securities under tax amnesty scheme
KARACHI: The Central Depository Company (CDC) Limited will facilitate the transfer of book-entry securities in the central depository system against the declaration...
JS Global arranges Pakistan Investment Conference 2018 in Washington, New York
KARACHI: JS Global Capital Limited has taken the lead in presenting Pakistan’s economic growth story to international investors by organising the Pakistan...
NetSol closes UK subsidiary amid ‘unfeasible’ operating, net margins
LAHORE: NetSol Technologies Limited, which is one of the biggest software/IT outsourcing companies in the country, in a letter issued today to...
European Union ready to engage with US to solve trade row
The United States, after imposing punitive tariffs on a number of its top trading partners, this week threatened China with further duties on $200 billion worth of trade, escalating a conflict that has already drawn retaliatory steps from around the world
Rupee devaluation pushes steel prices to record highs
Due to continuing depreciation of the rupee against the greenback in inter-bank and kerb market, the rise in steel prices was expected
Chinese company to establish solid waste power plant
A subsidiary of Chengdu Xingrong Environmental Co, Lahore Xingzhong Renewable Energy has expressed interest in establishing a municipal solid waste power plant at a projected cost of $140 million
Circular debt rose Rs40 billion since start of June
HUBCO CEO told the parliamentary panel the previous PML-N government had paid Rs200 billion but after that, no payments had been made to decrease circular debt
ADB scraps $20m loan for restructuring PSEs and privatisation
The ADB had approved this loan for financing the government’s privatisation initiatives and it had restarted PSE divestment programme in 2013 and commenced several privatisations related transactions including a petroleum company, banks and sale of a construction company
Previous government approved surcharges to pay off power sector liabilities
During the ECC meeting, it was proposed Rs50 billion should be obtained in loans from commercial banks to be arranged via Government Holdings Private Limited (GHPL)
Continuous hike in urea prices inflicting Rs30-40 billion losses to farmers
Average urea price in the country on June 13th, 2018 stood at Rs1,500 per bag compared to Rs1,250 per bag in November 2017