Facebook’s financials improve, despite data scandal
NEW YORK: Facebook shares rose on Wednesday after the social network reported a surprisingly strong 63 per cent rise in profit and...
Major structural problems in management of public money: Secretary Finance
PAC grills Finance Secretary for structural issues in the utilization of public money
Destiny of super-tax, tax on bonus shares hangs in the balance
ISLAMABAD: As the budget announcement looms on Friday, the authorities are deliberating regarding the destiny of key revenue measures.
A report published in...
Rupee depreciates to all-time low of Rs119.50 against US dollar in kerb market
Representative bodies of the currency exchange companies decided to fix the dollar rate at Rs118.40 for buying and Rs118.70 for selling. Central bank to be responsible for deciding about the supply of dollars.
PAC urges apex court to take action against KASB merger
PAC is the fourth institution following NAB, AGP, SHC to call the BankIslami-KASB bank merger into question
Chinese financing for projects to slump 55 percent in upcoming FY 2018-19
ISLAMABAD: The financing for projects from China is expected to fall by 55 percent in the next financial year to around $906...
FBR contemplates abolishing incentive on overseas loans
KARACHI: The tax regulator is contemplating to abolish an incentive given to banks on advances through their foreign branches.
According to sources in...
NPPMC penalises two firms over production delays in Punjab’s power plants
ISLAMABAD:Â The National Power Park Management Company (NPPMC) has imposed a Rs12 billion penalty on two Chinese firms owing to five months delay...
Government to present Economic Survey 2017-18 based on 6 to 8 months data
ISLAMABAD: Unlike the previous surveys, this year the Economic Survey of 2017-18 to be presented on Thursday will be based on highly...
CCP imposes Rs5m penalty on Reliance Paints for price-fixing, downstream cartelisation
KARACHI: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs5 million on Reliance Paints Pakistan for fixing a minimum...
Finance ministry all set to put an end to three-tier pricing structure on cigarettes
Press release by a large tobacco company claims that FBR will retain the current three-tier pricing structure
Market Daily: Investors in dire need of positive triggers, KSE100 sheds 158.36pts
LAHORE: The Pakistan Stock Exchange (PSX) saw a weal session of trading before Economic Survey 2017-18 is unveiled on Thursday. It was...
ADB, partners review financial preparedness for disaster response in Pakistan
ISLAMABAD: The Asian Development Bank (ADB), the Department for International Development (DFID) of the United Kingdom, and German development cooperation through KfW...
Deadlock persists in Kishanganga dispute, WB working to protect Indus Waters Treaty
LAHORE: The World Bank is working in conjunction with Pakistan and India to find an amicable solution over the recent differences regarding...
NEC gives go-ahead to Rs1.030 trillion federal PSDP budget for FY19
ISLAMABAD: National Economic Council (NEC) amidst the boycott by three provincial chief ministers gave go-ahead to a Rs1.030 trillion federal development budget...