Draft of Benami Transaction (Prohibition) Rules 2018 forwarded to cabinet for ratification
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Friday approved the forwarding of draft of Benami Transaction (Prohibition) Rules, 2018 to the cabinet for...
Disparity in open market, inter-bank exchange rates could encourage remittances to go via undocumented channels
KARACHI: The increasing gap in exchange rates between interbank and kerb markets stirred fears that remittances may go through undocumented channels.
Difference between...
FBR decries criticism, says tax collection on track
ISLAMABAD: The performance of Federal Board of Revenue, during the first quarter of the current Fiscal Year, has been positive and satisfactory,...
Bitcoin tumbles as cryptocurrency sell-off intensifies
LONDON/NEW YORK: Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $ 8,000 and headed for its biggest weekly loss...
Agreements worth $305mn signed with World Bank
ISLAMABAD: Agreements worth $ 305 million were signed with the World Bank (WB) here on Friday to support projects in the agriculture...
Subsidy issue on sugar exports unresolved in Sindh, Punjab
KARACHI:Â Despite increasing export target from 500,000 tonnes to two million tonnes, the sugar exporters in the country are still reluctant to export...
Cement industry capacity utilisation touches 99pc in January
ISLAMABAD:Â Domestic consumption of cement increased by a whopping 37.3 per cent in January 2018 on a year-on-year basis as the construction activities...
Govt may withdraw power subsidy to industries
ISLAMABAD: The Rs3 per unit (KWh) subsidy extended to the industrial sector granted by the former Prime Minister Nawaz Sharif in 2015...
Govt considering raising another $500 million to $1 billion via Eurobond
LAHORE: Merely months after raising $2.5 billion in end-November via Eurobond and Sukuk issue in international markets, the government is considering floating...
Country’s CPI surges by 4.4pc in January 2018
KARACHI: Pakistan’s Consumer Price Index (CPI) surged by 4.4 per cent on year-on-year basis in January 2018 as compared to an increase...
PM inaugurates Digi Skills programme to train one million youth through online modules
ISLAMABAD:Â Prime Minister Shahid Khaqan Abbassi inaugurated Digi Skills programme aimed at training one million youth through online modules in Islamabad on Thursday.
Addressing...
PIA ends discounts for senior citizens, disabled travellers
KARACHI:Â Pakistan International Airline (PIA), on Thursday, announced to withdraw discounted rates for senior citizens and handicapped individuals.
The incumbent government plans to privatise...
Heads of electric supply companies removed over skyrocketing losses
ISLAMABAD:Â The Power Division has removed from position heads of four electric supply companies of the country for not containing losses in their...
Market Daily: KSE 100 up after 5 days
LAHORE: After a rough five sessions, Pakistan Stock Exchange (PSX) managed to post a positive close. The index moved facing the north...
No objection regarding merger of Sindh Bank, Summit Bank: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) on Thursday during a meeting of Senate Standing Committee on Finance and Revenue, informed that it does...