Ban on the movement of wheat flour illegal, unethical: FPCCI
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said the Punjab government has banned the inter-district as...
SECP chairman’s appointment challenged in LHC
KARACHI: A petition has been filed in the Lahore High Court (LHC) against the appointment of Shaukat Hussain as chairman Securities and...
Market Daily: Up 1.1 per cent WoW
KSE 100 index settled 463.07 points down on Friday, yet overcoming three-week long losing streak
Exporters not following packaging standards for mango exports
ISLAMABAD: With the commencement of mango exports from May 12, registered exporters have complained that mangoes are largely being exported without following the...
FBR raises RD to promote import substitution
KARACHI: The Federal Board of Revenue (FBR) has issued a new SRO named as “S.R.O. 640 (I)/2018”, where the Regulatory Duty (RD) on...
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
Noor Financial sells 2.49 percent stake in Meezan Bank to foreign investors
Earlier this month Noor Financial Investment Company (Noor) had sought State Bank of Pakistan’s (SBP) approval for divestment of 9.59 percent of its 49.1 percent stake in Meezan Bank Limited
Turkmenistan set to secure funding for TAPI gas pipeline
The Central Asian nation is building the Tapi pipeline to diversify its gas exports, which have mostly gone to China
Nepra approves Rs6.5 billion refund for April to power consumers
Nepra disagreed to the computations of the power companies and rejected some adjustment claims and determined the decrease at 62-paisa per unit
Auto sales may decline, after barring non-tax filers from purchasing cars
An industry source said data of the filers would now be utilized to purchase cars which would contribute to the practice of premium or ‘own-money’ amount rising
Dollar spikes to Rs118.7 in kerb market amid supply constraints
KARACHI: The State Bank of Pakistan’s stipulation for submission of identification proof before buying and selling of foreign currency more than $500...
Government considering new framework for bilateral trading of electricity
CTBCM envisages enabling an environment to draw investments based on credit cover given by market participants and with no government need of giving sovereign guarantees.
IMF holds unofficial moot to discuss Pakistan’s economic challenges
IMF had expressed concerns about mounting debt burden, especially from the Chinese side.
Work on CPEC to continue at same pace with next govt: Miftah
ISLAMABAD: Finance Minister Miftah Ismail has said that there is a national consensus on the China Pakistan Economic Corridor (CPEC) project and...
Pakistan doubles size of currency swap agreement with China: SBP
Pakistan obtained $1.5 billion from China during the first ten months of the current financial year 2018-19.