Pakistan e-commerce sales set to cross $1 billion by 2020
Pakistan has one of the highest rates of mobile and internet penetrations in South Asia with 40 million Internet subscribers and 20 million Facebook users
FBR accelerates tax recovery drive to plug Rs661 billion revenue deficit
During the first eleven months (July-May) of FY18, the tax regulator collected Rs3.274 trillion
China to extend support through short term loans
It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
US imports push Japan into trade deficit in May
TOKYO–Imports of US aircraft helped push Japan to a trade deficit in May, official data showed on Monday, but experts said it...
Rupee likely to fall below 125 to dollar after Eid
The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.
FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge
In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion
As trade war with China looms, U.S. readies second wave of duties
The $100 billion list will be subject to the same public comment and hearing process as the $50 billion list, so it could take 60 days or more to put into effect
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
Cheetay seeks to enter difficult business segments, seize market share
Cheetay.pk is intending to enter the grocery delivery segment this September and will commence services from Lahore
Board of PLTL rebuffs proposal to merge it with PLL
The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL
As water crisis deepens, drought reality hits Pakistani population
Per capita water availability has been on a downward trend for decades. In 1947, when Pakistan was created, the figure stood at about 5,000 cubic meters per person, according to the World Bank. Today it is 1,000 cubic meters
Local petroleum production up by 12.98pc in ten months
ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year...
Weekly inflation goes up by 1.71pc
ISLAMABAD: The weekly inflation for the week ended on June 13, for the combined income group witnessed an increase of 1.71 per...
Customs set to end cases against Digicom, release smuggled Q-Mobile phones
Digicom Trading Pvt Ltd had cleared the containers of the phones in the cover of LED lights (bulbs) via a green channel on 31Â October 2017. These mobile phones were brought to Pakistan without getting an approval of Pakistan Telecommunication Authority (PTA) and also without getting their IMEI numbers registered
US dollar stands strong at Rs121.50, rupee continues to fall
The dollar continued its upward trend in the interbank market on Thursday closing at Rs121.50, ahead of Eid, touching its intraday high at Rs122.00, meanwhile the State Bank of Pakistan’s (SBP) revaluation rate was Rs121.40.