US-China trade squabble could impact growth and hurt consumers
WASHINGTON: Higher prices. Slower growth. Farmers losing access to their biggest foreign market.
Even President Donald Trump is warning that Americans might have...
PTBA asks govt to establish data mining company
KARACHI: Pakistan Tax Bar Association (PTBA) on Friday called the government to establish a data mining company for maintenance of a centralized...
Govt faces challenges in presenting budget due to dearth of LSM data
ISLAMABAD: The government could face difficulties in presenting an authentic budget due to dearth of Large-scale Manufacturing (LSM) data for the financial...
Shanghai Electric directed to submit pledge on electricity supply
ISLAMABAD: Shanghai Electric which acquired a majority 66.4 percent stake in K-Electric has been directed by the government to provide a pledge...
Privatisation Commission to re-hire financial advisors for PIA privatization
ISLAMABAD: To go ahead with privatisation of Pakistan International Airlines, the Privatisation Commission has solicited a new expression of interest (EOI) from...
Govt urged to reduce inconsistencies between taxes on input, output in fertilizer industry
ISLAMABAD: The government has been urged to decrease taxes on utilization of gas as feedstock to end inconsistency between taxes on input...
Approval was not sought for tax amnesty scheme: FATF
ISLAMABAD: Financial Action Task Force (FATF) in a letter addressed to the government has expressed worries over the recently introduced tax amnesty...
PSO owed Rs28 billion in dues for LNG supply to SNGPL
LAHORE: Pakistan State Oil (PSO) is owed Rs28 billion in payments for LNG supply by Sui Northern Gas Pipelines (SNGPL), igniting worries...
Cryptocurrencies banned in Pakistan
KARACHI: In a new development, the State Bank of Pakistan (SBP) has banned cryptocurrencies in the country.
The booming industry that has had...
Miftah chairs monetary and fiscal policy coordination meeting
ISLAMABAD:Â The Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Miftah Ismail Chaired the meeting of Monetary and Fiscal Policies...
Pakistan extends duty free access for 67 per cent Chinese exports
ISLAMABAD: China has extended duty free access on 90 per cent Pakistani exports under Pak-China Free Trade Agreement (FTA)-2, while Pakistan has...
Punjab may introduce new mechanisms to finance local govts
LAHORE: Punjab government may introduce new mechanisms to finance city district government’s projects in its last budget by introducing performance-based financing, asking them...
Ministry of Planning proposes development projects worth Rs1.3 trillion in next budget
ISLAMABAD: While the Ministry of Finance (MoF) is unlikely to reconsider its decision to cut the development budget to Rs750 billion in...
Listed companies’ shareholders to submit bank account details in 45 days
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has given 45 days to shareholders of listed companies to provide relevant details of...
Market Daily: KSE 100 index jumped 583.30 pts, crosses 47,000 mark
Investors rushed to buy at the Pakistan Stock Exchange (PSX) on early Friday morning after the Prime Minster on Thursday announced a...