CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules
ISLAMABAD:Â In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which...
TIP receives a complaint against CAA regarding deposits in JS Bank
KARACHI: Transparency International Pakistan (TIP) has received a complaint against the Civil Aviation Authority (CAA) who has deposited a huge amount of...
SBP denies rumours about Rs10,000 banknotes
KARACHI: The State Bank of Pakistan (SBP) denied on Friday the news reports about the issuance of Rs10,000 banknote.
“The existing banknote denominations...
Pakistan has high production costs due to expensive energy: Ishrat Hussain
ISLAMABAD: Former Governor State Bank of Pakistan (SBP) Dr Ishrat Hussain said on Thursday that Pakistan has a very high cost of production particularly due...
High-level Chinese delegation visits defence production ministry
ISLAMABAD: A high-level Chinese delegation visited the Ministry of Defence Production and held a bilateral meeting, co-chaired by Ministry of Defence Production...
MoC proposes rationalisation on 515 tariff lines
ISLAMABAD: Commerce Division, which is currently working on the formulation of Strategic Trade Policy Framework 2018-23 in consultation with the stakeholders, has...
Transport corridor projects to create economic surplus: WB report
ISLAMABAD: A report launched by the World Bank Group (WB) here on Thursday revealed that investment in transport corridors is expected to...
Revenue share of tobacco industry decreases to 83.69bn in 2016-17
KARACHI: The revenue collection of Federal Board of Revenue (FBR) on documented cigarettes further declined to Rs83.69 billion in the year 2016-17...
Revisions in aid to Pakistan unlikely to shake its finances: Moody’s
LAHORE: International rating agency Moody’s Investors Service (Moody’s) has maintained that Trump administration’s revision of US military aid is highly unlikely to...
Ministers exchange heated words as PIA/PSM privatisation unfolds
ISLAMABAD: Chairman of NA Standing Committee on Privatisation Syed Imran Ahmed Shah took his own government with iron hands over the proposed...
21.74pc growth of food group exports in eight months
ISLAMABAD: Food group exports from the country during the first eight months of the current financial year grew by 21.74 per cent as...
China provided Rs121 bn debt to Pakistan in first eight months
ISLAMABAD:Â China has given Rs121 billion debt to Pakistan in the first eight months of the current fiscal year 2017-18, it has been...
PIA privatisation reaches Phase-II
ISLAMABAD: Massive liabilities worth Rs324 billion has become a major headache for stakeholders inolved in the privatisation of Pakistan International Airlines (PIA). In...
FBR, NTC sign MoU for electronic exchange of information
ISLAMABAD: Federal Board of Revenue (FBR) and National Tariff Commission (NTC) have signed a Memorandum of Understanding (MoU) for the exchange of...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...