Pandora’s box: First China, then Japan and now ECC approves tax cuts for German Development Agency too
ISLAMABAD
The Economic Coordination Committee (ECC) of the cabinet met on Wednesday, and took a number of decisions, which include approving tax exemptions for...
Govt lost on another opportunity to revive economy: APTMA
KARACHI
SR. Vice Chairman All Pakistan Textile Mills Association (APTMA) Zahid Mazhar, said the government has once again lost the opportunity to revive...
Punjab government to raise Rs25b through govt securities
LAHORE
Through the Fiscal Year 2017-18, the Punjab government is expected to raise Rs 25b through government securities with the aid of the...
PSX initial public offering extended to achieve selling of 120m shares
KARACHI
To complete the on-going divestment of Pakistan Stock Exchange PSX, a total of 160,295,320 ordinary shares – 20 percent of the total...
Europe’s leading HTV manufacturer SCANIA enters Pakistan
KARACHI
Renowned Swedish heavy commercial vehicle manufacturer SCANIA has awarded exclusive distribution rights to Yousuf Dewan Companies to introduce its comprehensive range of...
PSX fails to impress amid cautious investors
KARACHI
Within scale trading was seen as the day progressed, hinting at caution from the investing community. A lack of eye-openers remained true...
Kohat cement to establish grey cement production line
Karachi
In a notification sent to the Pakistan Stock Exchange (PSX) on Tuesday, Kohat Cement has decided to establish a grey production cement...
China lauds Pakistan’s efforts for smooth implementation of CPEC projects
Beijing
While appreciating Pakistan government’s efforts in building China Pakistan Economic Corridor (CPEC) projects, China Tuesday reiterated it would work with Pakistan to push...
Continuation of super tax to discourage investors: FPCCI
Karachi
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said super tax was imposed for one year but it...
Five Chinese companies to open automobile plants in Lahore and Karachi
Karachi
Under the Automobile Development Policy 2016-2021, five Chinese companies in partnership with local companies will be building plants in Pakistan, two in...
Punjab government to raise Rs25b through government securities
Lahore
Throughout the Financial Year 2017-18, the Punjab government is expected to raise Rs25b through government securities with the aid of the State...
FBR to jack up property valuation rates for real estate sector by up to 30pc
Islamabad
The FBR is planning to bring cities like Okara, Khairpur, Larkana and a few others under the jurisdiction of the new property...
OCCI sends letter to Finance Minister Ishaq Dar, opposing tax measures in budget FY 2017-18
Lahore
Overseas Investors Chamber of Commerce and Industry (OCCI) has sent a letter to the Finance Minister Ishaq Dar informing him that the...
IPPs payables reach Rs191b, may shut down their power plants
Islamabad
The IPPs Advisory Council (IPPAC) has claimed that till May 15th the figure of payables has reached Rs191b and if the payment...
Crude oil production stands at 24.2 mbl in nine months
Pakistan’s domestic crude oil production stood at 24.2 million barrels (mbl) in first three quarters of the current fiscal year as compared...