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...

OGDCL injects 17 new oil, gas wells in production gathering system

ISLAMABAD: The Oil and Gas Development Company (OGDCL) has injected 17 new oil and gas wells, producing 359,267 barrels of crude oil and...

Pakistan suggests ADB strengthen its resident mission

“The ADB may also further strengthen its capacity to support social sector, help expand private sector, operations including Public-Private-Partnerships (PPPs), enabling development member countries to address these challenges,” Economic Affairs Division Secretary Syed Ghazanfar Abbas Jilani said

SBP injects Rs1,070 billion into money market

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,070 billion into money market for seven days as reverse repo purchase through its...

Govt allocates Rs100bn for Diamer-Basha, Dasu dams

ISLAMABAD: State Minister for Finance Rana Muhammad Afzal Khan on Friday informed the Senate that an amount of Rs100 billion has been...

CCP fines five battery manufacturers Rs1m each

ISLAMABAD: The Compet­ition Commission of Pakistan (CCP) has imposed a penalty of Rs1 million each on five battery manufacturers for violating section...

Pakistan moves to tax US advertising space on digital giants Google, Facebook

ISLAMABAD: Pakistan has proposed 5% tax on digital revenues, hitting US tech giants like Google, Amazon and Facebook, while also moving to bring...