OGRA recommends giving 33 licences for LPG sector
OGRA’s annual report for the year 2016-17 said it had issued around 21 licences to different companies pertaining to the regulated gas sector since 2002
Super-tax may erode 7 percent of bank earnings in 2018: Report
HBL and UBL could be severely impacted due to the recent upsurge in loan losses on their foreign books and lower coverage, said Taurus Securities
Senate committee annoyed over bureaucracy ignoring its budget proposals
ISLAMABAD: Showing its serious concerns over the attitude of bureaucracy in various ministries especially in finance and planning, the Senate Standing Committee...
Haroon disregards calls for ‘economic urgency’ amid post-budget backlash
ISLAMABAD:Â Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar Khan has hit out at the opposition for glossing over the...
Govt to provide billions in tax exemption to Chinese companies
ISLAMABAD: While rejecting the Senate Standing Committee on Finance's recommendation to withdraw the tax exemptions given to Chinese companies, the tax department...
CDWP approves 31 projects worth Rs713 billion
Central Development Working Party (CDWP) under the chairmanship of Planning Commission Deputy Chairman Sartaj Aziz on Wednesday approved 31 projects worth Rs713 billion and referred 8 projects worth Rs694.88 billion were referred to ECNEC for further action.
PAC summons FBR chairman over reduction in tax collection from tobacco sector
ISLAMABAD:Â The Federal Board of Revenue (FBR) has retained the third slab of federal excise duty (FED) on cigarette prices and sat aside...
IMF commends Pakistan for efforts to bolster its bankruptcy framework
IMF says an increase in Pakistan's macroeconomic vulnerabilities and domestic policy slippages have weakened the outlook, with growth now projected to moderate to 4.7 percent in FY2019
Escorts Bank approves increase in authorized share capital to Rs 3 billion for business expansion
Malik Riaz owned Bahria Town completed its acquisition of Escorts Investment Bank in January this year
Finance minster rejects criticism on petrol price hike
ISLAMABAD:Â Â Federal Minister for Finance, Revenue and Economic Affairs, Dr Miftah Ismail has said that the criticism by Peoples Party leadership on the...
PIAF rejects hike in oil prices
LAHORE:Â The Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has condemned the government for increasing prices of petroleum products...
World Bank recommends 7pc growth rate, govt targets 6.2pc for FY19
LAHORE: In the Global Economic Prospects published in January 2018, World Bank recommended that Pakistan should aim for a 7 per cent...
Pakistan’s macroeconomic outlook, weak balance of trade, and current account deficit
LAHORE: As a country divided over its economic policies, embroiled in political infighting and flaky governance along with a longstanding trend of...
Govt validates decisions of I&I (IR) FBR by amending the sales tax Act
ISLAMABAD:Â Federal government has validated the decisions of the Directorate General (DG) of Intelligence and Investigation (I&I), Inland Revenue (IR), Federal Board of...
Funds of GHPL being used by PLL, PLTL, sources
ISLAMABAD: Billion rupees worth of funds of the Government Holding Private Limited (GHPL) are allegedly being used by Pakistan LNG Ltd (PLL) and...