Production of light commercial vehicles drops 16.19pc

ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19, as against...

Pharmaceuticals may turn to Chinese raw material as tensions with India soar

Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied by India...

Cabinet approves Aamir Khan’s appointment as SECP chairman

The government has appointed Aamir Khan as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect, according to...

SBP reserves jump $535m to $8.26bn

ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million as on...

ADB approves $25m loan to expand women’s access to credit in Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of Pakistan's leading...

Trade deficit shrinks 29pc in July

The trade deficit has contracted by 29pc in the first month of this fiscal year, with the government claiming this fall represents their move...

Deadline for filing sales tax, FED extended till 23rd

ISLAMABAD: The Federal Board of Revenue on Friday extended the date for submission of sales tax and federal excise duty (FED) returns for the month of July...

FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

30pc vehicles to go electric in 10 years, says PM’s aide

Pakistan has formulated a new transport policy under which at least 30 per cent of vehicles will go electric by 2030, said PM’s Adviser...

Power sector witnesses Rs121bn increase in revenues

'Govt envisions increasing the share of renewable energy to 20pc by 2025' ISLAMABAD: The power sector revenues have witnessed a significant increase of Rs121 billion...

Weekly SPI inflation increases 1.23pc

ISLAMABAD: The weekly inflation for the week ended on August 8 witnessed an increase of 1.23pc for the combined income group, as compared to the...

Govt to finally table Geographical Indication Bill in NA

The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced in the...

Pakistan’s economic situation is changing: Reza Baqir

KARACHI: Pakistan's economy is facing with a number of problems and uncertainty but the situation is changing, said State Bank of Pakistan (SBP) Governor...

Govt initiates probe into power projects

ISLAMABAD: The government's Inquiry Commission on Loans has initiated inquiries against the power projects and has sought a detailed response from the National Electric Power...

Pakistani businessmen invited to invest in Afghanistan

Commercial Attaché says by investing in Afghanistan, Pakistani investors can get easy access to the Central Asian markets ISLAMABAD: Commercial Attaché of Afghanistan in Pakistan...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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