PM invites South Korean companies to invest in SEZs
Islamabad: Prime Minister Shahid Khaqan Abbasi on Tuesday invited companies of South Korea to setup their units in Pakistan's Special Economic Zones...
Conversion of furnace-oil power plants to LNG be prioritized says: PM
Islamabad: As the power shortfall once again crossed over 5,000MW on Tuesday with generation recorded at 18,500MW and demand at 23,500MW, Prime...
Arif Habib Corporation to establish 330-megawatt coal power plant in Thar
Karachi: Arib Habib Corporation Chairman, Arif Habib announced on Tuesday at the Karachi Press Club that his company will be establishing a...
China offered to establish deep-country oil refinery in Lahore
Islamabad: China has been extended an offer by Pakistan for setting up a mid-country deep-conversion oil refinery in Lahore, according to officials.
This...
Pakistan’s economy suffered Rs1b loss due to IMEWE submarine cable fault
Islamabad: Pakistan’s economy had to bear an estimated loss of Rs1 billion owing to recent fault in submarine cable whereas Pakistan Telecommunication...
PTA contributed Rs1.7t in last four years to national exchequer
Islamabad: Pakistan Telecommunication Authority (PTA) had contributed Rs 1.707 trillion in national exchequer in last four years.
According to a document available with...
Inflation indices rebasing to be completed by June 2018 says: PBS
Islamabad: The rebasing of inflation indices is likely to be completed by June 2018 as the Pakistan Bureau of Statistics (PBS) has...
Govt unable to control hike in sugar prices
ISLAMABAD
Even though Finance Minister Ishaq Dar has taken notice of the sudden hike in sugar prices and has asked the provincial governments...
Economic conditions in Pakistan suitable to float bonds, banks tell govt
ISLAMABAD
The government has been informed by the multinational banks that the peaceful transition of power has allayed the apprehensions about Pakistan in...
FBR releases Rs26.43billion tax refund claims of exporters
ISLAMABAD
Finance Minister Ishaq Dar, with the push of a computer button on Tuesday, electronically transferred Rs 26.43 billion worth of tax refunds...
Gwadar and UAE – an economic paradigm shift
by: Remshay Ahmed
There has been a lot of talk of whether Gwadar will overtake Dubai in the future, given the amount of...
Increase in DC rate, new taxes perturb realtors
LAHORE
The increase in deputy commissioner (DC) rate and new taxes have perturbed the real estate agents.
Real State Association and Defence Housing Authority...
FBR devises strategy for enhancing revenue during FY2017-18
ISLAMABAD
The Federal Board of Revenue (FBR) has devised a fourteen point comprehensive withholding, monitoring, and audit strategy to achieve a billion rupees...
Market daily: PSX falls below 46,000pts after disappointing day
LAHORE
Bears dominated the Pakistan Stock Exchange (PSX) again on Tuesday. The indices laid off gains of the previous week although the earnings session...
Careem gets investment from Didi Chuxing to help expand its operations
Lahore: Careem, the leading ride-hailing and internet platform in the Middle East, North Africa, Turkey and Pakistan, today announced a strategic partnership...