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.
CCP issues show cause notice to Neucon Pakistan for deceptive marketing practices
ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued a Show Cause Notice to Neucon Pakistan for copying the packaging of Biofreeze...
FBR enhances FED for locally produced cigarettes
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued a notification of the enhancement in the rates of locally produced cigarettes.
The notification available with...
Specific actions taken to save country from inclusion in FATF grey list: Miftah
ISLAMABAD: Pakistan has taken specific actions to save the country from being included in the Grey List by Financial Action Task Force...
Foreign reserves dip down to $16.652 billion
The total liquid foreign reserves held by the country stand at $16,652.2 million as of May 18, 2018.
CDWP approves 24 projects worth Rs19.6bn, refers 12 to ECNEC
ISLAMABAD: The Central Development Working Party (CDWP) has approved 24 projects worth Rs19.6 billion out of which 12 projects worth Rs781.39 billion...
Meezan Bank signs MoU with VPL for importing UD Trucks in Pakistan
KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank has recently signed a Memorandum of Understanding (MoU) with VPL Limited – a...
Pakistan exports IT products, services to over 100 countries: Anusha Rahman
ISLAMABAD:Â The Information Technology (IT) export market of Pakistan has expanded to over one hundred countries during the last five years of the...
UK, LCCI commit to strengthening trade
ISLAMABAD: The British High Commission (BHC) and the Lahore Chamber of Commerce and Industry (LCCI) have committed to strengthening trade collaborations.
The British...