Govt issued 133 SROs in violation of Constitution, IMF commitment
--At least 43 SROs issued over the last year
--Senator says issuance of SROs was favourite part of Dar's job
ISLAMABAD: Taking a U-turn...
Intense competition forcing local automakers to rethink strategies
KARACHI: The competition in Pakistan’s automobile sector is heating up as reputed companies like Renault and Volkswagen enter the fray.
The emerging threat...
IMF mission holds discussions with senior officials
ISLAMABAD: The visiting IMF Post Programme Monitoring Mission has held various rounds of technical discussions with the Pakistan side at the Ministry...
FBR levies regulatory duty of Rs4,669 per ton on imported LPG
KARACHI: To fill its coffers, Federal Board of Revenue levied a regulatory duty of Rs4,669 per ton on liquefied petroleum gas (LPG)...
Global economy growth is spurring US job market
WASHINGTON: The U.S. job market is benefiting from an unlikely source: Other countries.
The global economy is showing renewed strength, with Europe, Japan...
Jet fuel shortage looms, as PSO faces supply crunch
ISLAMABAD: Jet fuel shortage is now on the horizon as poor planning and mismanagement has disrupted refineries and jeopardized their operations.
This follows...
SBP obtained $5.8 billion short-term loans from commercial banks
ISLAMABAD: State Bank of Pakistan (SBP) is said to have procured $5.8 billion of short-term loans to paint a picture of stability...
IMF, Pakistan conclude first round of talks
ISLAMABAD: International Monetary Fund’s (IMF) delegation visiting the country has finished its first round of discussions regarding the country’s economy with their...
PTA actively pursuing broader targets for telecom services development
ISLAMABAD: Pakistan Telecommunication Authority (PTA) – dynamically engaged in changing telecom landscape of Pakistan – has tackled every new challenge with determination,...
Pakistani’s app development contributing $15 million monthly to national kitty
ISLAMABAD: Pakistanis – unique in their innovative way of designing apps with creative and user-friendly interface – are contributing around US $...
Market Daily: KSE 100 hits another 52-week intraday low
LAHORE: After Thursday’s bloodbath with KSE 100 shedding well over 1,100 points, the Pakistan Stock Exchange (PSX) ended last trading session of the...
Dollar normalizes, after increasing to Rs108.50 in inter-bank market
KARACHI:Â The US dollar attained a sense of normalcy after rising more than three rupees in the inter-bank market earlier on Friday.
The US...
Govt sanctions Rs3.2 billion funding for five SME projects
LAHORE: Projects suggested by Small and Medium Enterprises Development Authority (SMEDA) of Rs3.2 billion have been given go-ahead by the government under...
FBR sanctions release of Rs6 billion sales-tax refunds in five-year cases
KARACHI: A decision to refund stuck sales tax refunds of Rs6 billion in five-year cases has been given go-ahead by Federal Board...
Pakistan third largest investment beneficiary from OBOR initiative: EIU
LAHORE: China’s One Belt, One Road (OBOR) initiative seems to be benefiting Pakistan, as it has been ranked amongst the top three...