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...
Commerce minister, governor discuss promotion of textile industry
KARACHI: Federal Minister for Commerce and Textile Pervez Malik met Sindh Governor Muhammad Zubair at the Governor House here.
The two leaders discussed...
Three provinces reject to provide subsidies for prioritized SEZs
Provinces originally gave consent to provide a subsidy for the special incentive package but some now had refused to provide it.
Tarbela set to hit dead level in two days, as water woes continue
Indus River System Authority (IRSA) projected water shortage at 40 percent for the early-Kharif period which was now estimated to cross 44 percent in case river flows don’t improve
K-Electric applies for changes in generation licence, seeks addition of RLNG as alternative fuel
K-Electric’s available generation capacity stands at 1,902 megawatts out of which 913-megawatt gas dependent and needs 180 mmcfd of gas
Govt jacks up rate of returns for national saving schemes
Interest rates for Behbood savings certificates and pensioner benefit accounts had been increased by 0.72 percent to 10.08 percent, defence savings certificates by 0.56 percent to 8.10 percent, special savings certificates by 0.77 percent to 6.80 percent.
Haroon asks opposition not to politicise budget
ISLAMABAD: Brushing aside the opposition's demand for clamping economic emergency, Special Assistant to the Prime Minister on Revenue Haroon Akhtar Monday called...