Dawood Hercules concludes divestment of 15.7 percent stake in HUBCO
LAHORE: In a notification sent to the Pakistan Stock Exchange by Dawood Hercules Corporation Limited on Friday revealed divestment of its 15.7...
Pakistan’s cotton production plummeted in last 25 years
ISLAMABAD: A report prepared by a committee setup by the incumbent government has revealed the country’s cotton production has plummeted in last...
Exxon Mobil, Energas planning to setup 3rd LNG terminal in Port Qasim
ISLAMABAD: Exxon Mobil in partnership with a consortium of Pakistan’s biggest businesses is planning to build Pakistan’s third import liquefied natural gas...
LSM posts 9.44 percent year-on-year growth
KARACHI: Data released by the Pakistan Bureau of Statistics on Friday revealed a 9.44 percent year-on-year rise during January in large-scale manufacturing...
Pakistan-China FTA on verge of finalization
ISLAMABAD: Rising disparity in bilateral trade and revenue losses will be witnessed as both Pakistan and China have reached an agreement to...
FBR initiates drive of obtaining property owners data from realty dealers to expand tax net
KARACHI: The Federal Board of Revenue (FBR) on Friday initiated the drive of obtaining financial and personal data of property owners from...
JICA delegation visits ICCI, discusses reforms in key economic sectors
ISLAMABAD: A delegation of experts from Japan International Cooperation Agency (JICA) working for various government organisations in Pakistan visited Islamabad Chamber of...
Power ministry orders inquiry against overbilling
ISLAMABAD: Ministry of Power Division has ordered an inquiry against Hyderabad Electric Supply Company (HESCO) Chief Executive on sending high electricity bills...
All set to establish Investment Board in AJK
ISLAMABAD: Prime Minister AJK Raja Farooq Haider Khan says all necessary arrangements have been finalised for the establishment of an Investment Board...
Pakistan’s foreign exchange position stable: spokesman finance division
ISLAMABAD: The Finance Division Spokesman has said that the foreign exchange position of Pakistan is stable and the news titled "Pakistan's net...
Businessmen will soon be allowed to invest in Australia: Adamson
ISLAMABAD:Â Australian High Commissioner to Pakistan in Islamabad, Margaret Adamson has said a policy will soon be announced regarding the issuance of...
PIAF rejects government’s plan to raise gas prices
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has rejected plans by the government to increase gas prices by 5 to 7 per...
FBR urged to withdraw discretionary powers of IR officials: FPCCI
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its proposals being prepared by the Budget Advisory Council under...
Energy sector debt out of control
ISLAMABAD: For the first time in the history of the country, circular debt in the power sector has crossed a staggering figure of Rs977 billion.
According...
IMF’s concerns about the economy are correct, Miftah Ismail
ISLAMABAD:Â Speaking to media at the Ministry of Finance, Advisor to the Prime Minister on Finance, Revenue and Economic Affair Division Miftah Ismail...