India forecasts 7.7pc GDP contraction in 2020-21
NEW DELHI: The Indian government said on Thursday it expects the economy to contract 7.7pc in the fiscal year ending in March,...
SBP reserves rise $261m to $13.4bn
ISLAMABAD: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1.98pc or $261 million to $13.41 billion during...
ECC approves removal of additional customs duties on 152 tariff lines
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday gave a go-ahead to remove 2pc additional customs' duties on 152...
Exporters demand customs duty waiver on cotton yarn
KARACHI: Value-added textile exporters have demanded the government to abolish customs duty on the import of cotton yarn in order to support...
USC posts Rs100bn turnover for 2020
ISLAMABAD: The annual turnover of Utility Stores Corporation of Pakistan (USC) was recorded around Rs100 billion in the calendar year 2020 as...
Provinces directed to check hoarding, black marketing of essential commodities
ISLAMABAD: Finance and Revenue Minister Dr Abdul Hafeez Shaikh, while chairing a meeting of the National Price Monitoring Committee (NPMC) on Monday,...
British American Tobacco to set up business services hub in Pakistan
BAT clarifies that Pakistan setup is being established 'in parallel to the company's business in Malaysia', and will serve Asia Pacific and Middle East region
Pakistan’s IT exports rise 39pc in July-Nov FY21
KARACHI: Pakistan's IT exports increased 39pc to $763 million in the first five months (July-Nov) of the current fiscal year (FY21), data...
Builders body expresses concern over hike in steel, cement prices
ABAD chief terms sudden hike in steel and cement prices 'a conspiracy against PM's affordable housing scheme'
British American Tobacco to move BPO operations from Malaysia to Pakistan
ISLAMABAD: British American Tobacco (BAT) has decided to move its 'shared services' operations from Malaysia to Pakistan, it was learnt on Tuesday.
BAT...
Pakistan registers current account surplus for fifth straight month
Pakistan’s current account recorded a surplus for the fifth consecutive month in November at $447 million as compared to a deficit of...
Pak-Afghan transit trade accord to be finalised by 30th
An Afghan delegation will be visiting Islamabad later this month to finalise Afghanistan-Pakistan Transit Trade Agreement
Provinces asked to strictly monitor prices of eggs, vegetable ghee
ISLAMABAD: Finance and Revenue Minister Dr Abdul Hafeez Shaikh has directed the provincial governments to effectively monitor the prices of essential food...
Govt terms 45pc increase in foreign debt reports ‘misleading’
ISLAMABAD:Â The Economic Affairs Division has rejected media reports that the country witnessed a 45pc increase in its foreign loans over the last...
Sri Lanka reverses decision to increase domestic tax on Pakistani kinnow
ISLAMABAD: In a positive development that will further promote and enhance Pak-Lanka bilateral trade, the Sri Lankan government has reversed its decision...