‘Groundbreaking of Rashakai economic zone next month’
ISLAMABAD: The meeting of the Pak-China Joint Working Group (JWG) on Industrial Cooperation was held via video conference on Tuesday.
The meeting was...
‘Crackdown against non-filers to be launched in May’
State Minister for Revenue Hammad Azhar has said that the Pakistan Tehreek-e-Insaf (PTI) government would initiate a crackdown against non-filers in May,...
FBR asks banks to provide details of unverified accounts
ISLAMABAD:Â The Federal Board of Revenue (FBR) has instructed the banks to provide the details of unverified accounts, sources revealed on Friday.
The revenue...
Pakistan Post’s revenue surges by 110pcÂ
ISLAMABAD: Revenues for the state-owned Pakistan Post have gone by 110pc during the last year, the Minister for Communications Murad Saeed informed...
Right Bank Outfall Drain-II delays increase cost of project to Rs62b
Islamabad: The Senate Standing Committee on Planning, Development and Reform was informed on Thursday that work on the 273km Right Bank Outfall...
Chinese banks throw a curveball in $600mn loan talks with Pakistan. Are we surprised?
The new conditions set forth indicate that the Chinese might not always bail Pakistan out
Revenue collection under sales tax & FED plateaued in July-Sep FY19
During the first quarter of FY19, FED collection plunged by 30 percent to Rs2.069 billion against Rs2.94 billion in the corresponding period of FY18
Stocks rebound with 298-point rally
Recovery was led by fertiliser, oil & gas exploration and power generation & distribution sectors
Current account deficit shrinks 73pc in nine months
KARACHI: The country's current account deficit (CAD) decreased to $2.78 billion during the first nine months (three quarters) of FY20, a decline...
Market Daily: KSE-100 plunges 758 points pre-election
KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.
CPPA authorised to sign interim agreement for four IPPs on RLNG production
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday authorised the Central Power Purchasing Agency (CPPA) to sign an interim agreement on revised...
Foreign divestment in T-bills reaches $412m in April
KARACHI: The cumulative net investment in T-bills from July 2019 to date is now below $1 billion, standing at $951 million, according...
Govt to reconsider taxation on IT, telecom sectors
The government has decided to review the taxation on IT and telecom sector for the next financial year in an attempt to...
Trade deficit surged a whopping 31.24pc in July-Oct 2017-18
KARACHI: Despite all the efforts of the federal government to reduce the country’s foreign import by levying tax on 731 items, the imports...
Sugar mills make billions by selling sugar to USC at higher prices
Sugar mills have pocketed billions of rupees by selling sugar to the Utility Stores Corporation (USC)at higher-than-prevailing market prices, causing heavy losses...