Pakistan’s Auditor General initiates special audit of MNCs in tobacco sector
Pakistan’s Auditor General has started a forensic audit of multi-national companies (MNCs) of tobacco sector and sought necessary record from MNCs to conclude the audit within 15 days in light of Public Accounts Committee’s (PAC) directions, it has been learnt.
Miftah reaffirms conducive business environment for investors
ISLAMABAD: Minister for Finance Dr Miftah Ismail Monday reaffirmed the government's commitment to providing a conducive business environment for local and foreign...
Dollar resurgence halting emerging market rate cut cycle
With the dollar on the rise, emerging currencies have weakened some 3 percent in the past two weeks, as measured by a JPMorgan index
With FATF deadline looming, Pakistan faces challenges to curb money laundering: Report
A president of a private bank in Karachi believes if Pakistan got placed on the grey-list it would make it very difficult for the country to borrow on international markets
Engro corporation to invest $21.375 million in Siddiqsons energy
Siddiqsons Energy Limited is a special purpose vehicle (SPV) established to develop around 330 megawatts of Thar coal-fired power generation facility in Block II, district Tharparkar Sindh on a build, operate and own basis
PSX performance remained conflicting to expectations last week: Report
A Bloomberg report said KSE-100 index had been amongst the best-performing stocks in the Asia emerging market (EM) stock index but pre-election uncertainties could jeopardize the rally
Circular debt in power sector threatening entire financial system: Report
Circular debt in power sector has crossed the Rs1 trillion mark
Hamdard set to introduce low-calorie, sugar-free variants of Rooh Afza
Rooh Afza constitutes 95 percent of Hamdard's exports overseas and according to Euromonitor stats from 2017 has a 60 percent share of concentrated beverage market domestically
Proposed real estate reforms could spark corrections in property prices: Report
The government's recently introduced measures for the real-estate sector could see properties getting registered at their true market value, but challenges remain
Banks express worries over tax amnesty scheme, may create legal wrangling
Commercial banks have expressed worries managing transactions of individuals availing tax amnesty scheme could cause it legal problems
Govt holds-up in notifying anti-money laundering powers
The delays in notifying anti-money laundering powers could jeopardize Pakistan's efforts to elude inclusion from the FATF greylist
WB convenes 8th round of talks with Pak, India over construction of dams
LAHORE: The World Bank (WB) has convened a meeting of the experts of India and Pakistan in Washington on May 21 and...
E&P companies to drill 90 oil, gas wells in next fiscal year
ISLAMABAD: Oil and Gas Exploration and Production (E&P) companies have planned to drill 90 wells in different areas of the country in...
RCCI to hold conference in Belgium to boost trade, improve country’s image
RAWALPINDI: Rawalpindi Chamber of Commerce and Industry (RCCI) will hold a business opportunity conference in Belgium on May 8.
The RCCI President Zahid...
Economic affairs secretary leads delegation at ADB board’s annual meeting
MANILA: The governors of the Asian Development Bank (ADB) have supported the idea of applying differentiated pricing in the bank’s regular OCR...