IDA to provide $50m loan to KP for development of tourism sites
ISLAMABAD: International Development Association (IDA) will provide a soft loan of US$50million to Khyber-Pakhtunkhwa government for development of tourist sites in Naran,...
Commercial banks foreign currency deposits rise in anticipation of rupee devaluation
KARACHI: An increase of US$1.2billion has been reported in foreign currency deposits of commercial banks in a period of last four months....
Withholding tax rate to remain unchanged till December end for non-filers
ISLAMABAD: The federal government has decided to extend the lower withholding tax regime for another three months, without taking the cabinet’s approval...
Chinese firm to provide Rs15 billion loan to Gwadar port authority
KARACHI: China Communication Construction Company (CCCC) will be providing a Rs15billion interest-free loan to the Gwadar Port Authority (GPA) for the establishment...
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Planning Commission of Pakistan to work for conserving water resources
ISLAMABAD
The Planning Commission believes that water conservation can play an important role in sustaining agricultural development. This requires substantial improvements in water...
Dar chairs meeting to review progress of revenue collection, return filing
ISLAMABAD
Minister for Finance, Revenue and Economic Affairs Senator Ishaq Dar chaired a meeting on Thursday at the Ministry of Finance to review...
NA finance body recommends export emergency
SIALKOT
A meeting of National Assembly standing committee on Finance, Revenue & Economic Affairs Thursday unanimously recommended that export emergency should be declared...
CCP serves show cause notice to 6 battery manufacturers
KARACHI
The Competition Commission of Pakistan (CCP) has issued show cause notices to six battery manufacturers for misleading consumers and engaging in deceptive...
Govt working on five-year development plan (2018-23): Planning sec
ISLAMABAD
The Ministry of Planning and Development is working on a five-year (2018-2023) which will execute the development projects under China Pakistan Economic...
Gold smuggling likely to rise in India as festive buyers try to avoid new tax
MUMBAI
Gold smuggling in India, the world’s second-biggest consumer of the metal, is likely to rise during the country’s peak holiday season as...
WB, NBP strategise boosting house financing sector in Pakistan
KARACHI
A World Bank delegation called on the National Bank of Pakistan President/CEO Saeed Ahmad. The World Bank team was led by Korotoumou Ouattara...
ADB starts preparing analytical report for country’s energy sector
LAHORE
The PML-N may have considerable room in claiming the success, especially in energy sector, at the end of its tenure, as Asian...
FPCCI seeks govt support to boost export competitiveness
KARACHI
The government and especially the Ministry of Commerce, Industries and Planning Commission should extend unwavering support to Federation of Pakistan Chambers of...
Rebate is essential on export of yarn, APTMA explains
KARACHI
All Pakistan Textile Mills Association (APTMA) Sr Vice Chairman Zahid Mazhar, has strongly rejected the suggestion of CAPTA Chairman Zubair Motiwala, made...