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
Pakistan, Russia ink MoU to conduct feasibility study for undersea gas pipeline
The FO spokesman said both the countries had finalized several proposals in the energy sector which included laying of the North-South Gas Pipeline, LNG import from Russia, installation of air-mix plant and setting up a 600MW combined cycled power plant
Interim government flouting authority calls CWDP meeting on June 12th
The meeting has been called to give go-ahead to new development projects costing billions of rupees and a notification in this regard was issued by the Ministry of Planning, Development and Reform
Pakistan contemplating to take Etisalat to international court over pending payment
The UAE-based company has withheld $800 million payment on grounds of properties not being transferred in its name and out of 3,300 properties, 33 of them cannot be transferred in the name of PTCL