TAPI pipeline groundbreaking ceremony postponed for few months
Previously, the groundbreaking ceremony on Pakistan’s side was set to be held in December 2017, but the work couldn’t be commenced because of several reasons including non-completion of some preparatory works, route, geotechnical, radar survey
ECC gives go-ahead to revisions in OGRA ordinance 2002
The ECC also gave go-ahead to exemption from regulatory duty on import of dry fruits, vegetables and fresh fruits from Afghanistan which was proclaimed by PM Abbasi on his visit to Kabul recently
Urea prices to rise further, if govt doesn’t release subsidies
Last week, the fertilizer manufacturers had jacked up prices of urea by Rs100 per bag and could increase it by a further Rs106 due to the finance ministry’s unwillingness to release the pending subsidy
Foreign entities stuck tax refunds rise to Rs58 billion
OICCI expressed worries over a 100 percent rise in customs duty and extension of regulatory duty recommended in next financial year's budget, stating this would increase manufacturing costs across the country
PM Abbasi announces extension of tax holiday on IT exports for six years
The IT industry is the fastest growing sector of the Pakistan economy, with annual growth rates more than 30 percent and expected to double in size over the next 3-4 years
SBP asks for FIA, FBR’s assistance to control forex smuggling
A source who had viewed the SBP letter shared the unfettered and unexplained inland movement of foreign currencies in bulk could serve as a channel of smuggling across borders
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...
Rs659.5 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs659.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
Pakistan to secure another $2 bn from China to support reserves
ISLAMABAD: As the depletion of reserves continue, the government has planned to secure another $2 billion through the agreed short-term loan of...
Automobiles sales increase 23pc in July-April and 14pc MoM
The sales of automobiles grew to 25,567 units, up by 39 per cent YoY in April 2018
Weekly inflation rises 0.31 pc
ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on May 10 for the combined income groups witnessed...
Govt launches scheme to provide relief for families of Shuhadas
ISLAMABAD: The government of Pakistan has announced a scheme to benefit the families of Shuhadas who offered sacrifices in the war on...
ECC approves Rs20bn to overhaul PIA’s aircraft engines
PM directed the Aviation Division and the Finance Ministry to ensure that the financing was strictly utilised only for the defined purpose.
Who has the right to our data?
How a lack of data protection legislation in Pakistan is hurting users and gives them no recourse to legal action in event of a data breach like the one that happened at Careem
Finance minister rebuffs Senate’s request to raise income taxes, reduce petroleum levies
An understanding on 80 percent of the proposals was said to have reached during a meeting conducted between the Finance Minister and senators from the opposition parties on Wednesday