Murree Brewery negotiating worldwide distribution deal with Czech brewery
LAHORE:Â Faced with strict regulations regarding consumption of alcohol in the country, Murree Brewery is looking to venture into freer liquor markets abroad...
FBR to review tax structure for soybean seed, oil
LAHORE:Â The taxation structure for soybean seed and soybean oil import is being reviewed by the Federal Board of Revenue (FBR), as reduced...
PPIB gives extension for financial close of Matiari-Lahore transmission line
ISLAMABAD: An extension has been given in timelines for achieving financial close of various power projects including the high-voltage direct current (HVDC)...
Pakistan needs to tap potential of off-grid solar industry
ISLAMABAD:  An energy conference organized by the International Finance Corporation (IFC) on Wednesday saw participants emphasizing on taking advantage of Pakistan’s off-grid...
NTDC on verge of default, as it battles severe financial crunch
LAHORE: The National Transmission and Despatch Company (NTDC) is on the verge of default as it halted all payments to its contractors,...
US dollar plunges to one-month low below Rs112 in kerb market
KARACHI: The US dollar plunged to a one-month low below Rs112 in the kerb market on Wednesday, as it kept on losing...
Govt to unveil growth-oriented budget, says: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance and Economic Affairs, Dr. Miftah Ismail on Wednesday said the government would prepare a growth-oriented...
CJP questions if SC could enforce ban on opening of foreign currency accounts
ISLAMABAD: A hearing held in the apex court on Wednesday saw Chief Justice Pakistan Saqib Nisar asking if it was possible for...
Govt opposes abolishment of secrecy for foreign currency account holders
ISLAMABAD: The suggestions put forth by the apex courting limiting movement of foreign currency within the country and abolishment of secrecy for...
Switzerland failed to honor its pledge of ratifying double taxation treaty
ISLAMABAD: Switzerland has failed to honour its pledge of ratifying a revised Agreement on Avoidance of Double Taxation with Pakistan since July...
National Assembly repeals two bills for HBFC and FBC
ISLAMABAD: The National Assembly on Wednesday passed two bills including the Establishment of Federal Bank for Cooperatives and Regulation of Cooperative Banking...
PBS facing daunting task of preparing economic data for FY 2017-18
ISLAMABAD: With the budget set to be presented at end of April, the Pakistan Bureau of Statistics is in a conundrum as...
Bank deposits rose 11.63 percent by end-February: SBP
KARACHI: Figures outed by State Bank of Pakistan (SBP) on Wednesday revealed bank deposits rose 11.63 percent to Rs11.880 trillion by end...
Pakistan’s wheat output could touch record 26 million tons: Survey
LAHORE: Pakistan's wheat output is expected to touch a record of around 26 million tons in the present season, which could be...
Vitol partnering with Total on setting up LNG import facility in Karachi
LONDON/ISLAMABAD/DHAKA: Vitol is targeting Southeast Asia’s booming liquefied natural gas (LNG) markets to boost sales and catch up with rival commodity traders...