Swiss bank whistleblower arrested in Spain
MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...
DGTO to hold consultative session on capacity building
ISLAMABAD:Â The Directorate General of Trade Organisations (DGTO) of Ministry of Commerce and Textile in collaboration with Licensed Trade Organisations of Pakistan will...
Bahrain discovers an estimated 80 billion barrels of tight oil
MANAMA: A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the...
Govt considering proposal to tax ‘gifts’ among non-family members
LAHORE: A tax to be levied on gifts given to non-family members by taxpayers is under the federal government's consideration, reported a...
Govt decreases borrowing from SBP
LAHORE: Government's borrowing from State Bank of Pakistan (SBP) was lower at the end of the third quarter of the current fiscal...
Pakistan delays FTA with China amid concerns raised by local industry
LAHORE: The federal government, amid demands from the local business community, has delayed the second phase of the Free Trade Agreement (FTA)...
Separate economy from politics for sustainable development: Rana Afzal
ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal Khan Wednesday stressed the need for separating politics from the economy, and continuity...
Top customs officials at loggerheads over issue of transfers, postings
ISLAMABAD:Â The top customs officials are at loggerheads with each other over the issue of transfers and postings of about fifteen executive staff...
Cement prices increase amid low period of demand ahead
LAHORE: Cement makers are taking a seventh consecutive leap of increases in prices, especially in the North, amid a period of low demand ahead,...
Govt doubled GDP and revenue growth, halved inflation, says Haroon
ISLAMABAD:Â Special Assistant to the Prime Minister on Revenue Senator Haroon Akhtar Khan has said the government has doubled the country's GDP growth...
Market Daily: KSE 100 Index gains 90.27 points
LAHORE: As looming trade war fears continue to plague the sentiment in regional markets, we remain immune and indifferent to global woes...
Telecom sector continues growth as mobile broadband users reach 51 mn
ISLAMABAD: Pakistan has seen a dramatic increase in the usage of mobile broadband as mobile broadband subscribers have reached a total of...
Tax rates for banks should be reduced in 2018-19: PBA
KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the...
Mega Conglomerate to launch Rs10 bond, expects its value to reach Rs1mn in five years
LAHORE:Â Mega Conglomerate Private Limited (MCPL) Chairman Habibullah Khan, in an interview with Profit recently, announced his plans to launch a Mega bond.
The...
FBR’s third tax slab and enforcement drive hurts illicit tobacco
PESHAWAR:Â The policy from the Federal Board of Revenue (FBR) to introduce a third tax slab for cigarettes and step up its enforcement...