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...
Pakistan soon to export seafood to Xinjiang
Pakistan will soon be exporting seafood to the Xinjiang Uygur, an autonomous region in the north-west of China. The transport will use the...
Pakistan, Hong Kong sign pact to avoid double taxation
Pakistan and Hong Kong on Friday signed a pact on avoidance of double taxation and prevention of fiscal evasion with respect to taxes...
UBL declares profit of over Rs 27m
UBL announced its results for the Financial Year ended December 31, 2016, at its 207th meeting held on Friday, February 17, 2017....
Rs480b paid to IPPs unjustified, panel recommends recovering Rs 35b from IPPs
As the investigation into the Rs480-billion circular debt payments continues, the special panel backed federal auditors’ recommendations to recover Rs35 billion from...
Govt releases second tranche of subsidy on fertilizers
The government has released the second tranche of the long-awaited subsidy amount promised on fertilizers in the National Budget 2016-2017.
It has been...
Minister announces ‘export led growth package’ to uplift economy
Federal Minister for Commerce Khurram Dastgir Khan said on Thursday that Rs 180 billion package of "Export-led growth" has been announced by...
Pakistan’s fiscal deficit at 2.4% compared to 1.7% last year
Pakistan’s fiscal deficit clocked in at 2.4 per cent in the first half of year 2017 as against 1.7pc in the same...
Pakistan-Hong Kong Trade and Investment Forum held in Hong Kong
CPEC has created abundant trade and Investment opportunities, says Ambassador Khalid
by SALMAN ASHRAF
The first Pakistan-Hong Kong Trade and Investment Forum (PHKTIF)...
Govt takes strict action against illegal chamber of commerce policies
Pakistan Economy Watch (PEW)  has appreciated the government’s step for taking action against illegal chambers of commerce practices calling it a great...
Govt releases over RS.427b under PSDP 2016-17
The federal government has released over four hundred and twenty seven billion rupees for various social sector developmental projects under the Public...
Cost of the census escalates to a striking Rs 30.24b
The Finance Ministry is reported to have said that the cost of the census can escalate to as high as  Rs 30.24...
PSX standardises brokerage commission rates under the Securities Act 2015
Pakistan Stock Exchange (PSX) has finalised the standardisation of its brokerage commission rates - (5 paisas or 0.25% : whichever is higher...
SECP and PSX ignore issues and violations in audits of MR Securities of 2015
KARACHI: Despite certain issues and violations during the audit of MR Securities conducted in 2015, Securities and Exchange Commission of Pakistan (SECP)...
Over 100 Russian companies keen to invest in Pakistan: SBI
Over 100 Russian companies are interested in investing in the pharmaceutical, machines manufacturing, construction and other sectors in Pakistan; and the Sindh...