Imports reduced by $3.5bn in FY19, PM’s aide tells NA

'Prudent steps like imposition of regulatory duties and control of low-quality products will further reduce the volume of imports in the coming months'ISLAMABAD: Adviser...

Pakistan, South Korea sign framework arrangement worth $500m

Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in PakistanISLAMABAD: Adviser to Prime Minister on...

LHC sets aside FBR’s suo motu powers to collect sales tax

'FBR cannot collect sales tax from any businessperson without registering him/her'LAHORE: The Lahore High Court (LHC) has set aside the suo moto powers of...

Enhanced Indian duties hampering Pakistani exports, NA told

ISLAMABAD: Parliamentary Secretary for Commerce Shandana Gulzar Khan on Wednesday informed the National Assembly that Pakistan's exports to India had shrunk significantly following the imposition...

Govt urged to facilitate gemstone sector

Owing to the non-availability of a safe and guaranteed space, investors hesitate to invest in this sectorISLAMABAD: All Pakistan Commercial Exporters Association (APCEA), in...

Current account deficit may shrink to $7bn in FY19: APTMA

The All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has expressed hope that the current account deficit would be down to zero within...

Economic revival, trade facilitation among govt’s top priorities: president

KARACHI: President Dr Arif Alvi said on Tuesday that revival of the country’s economy was the topmost priority of the present government.Talking to a business...

‘Rs51bn recovered from power sector in four months’

ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...

CDWP clears two projects worth Rs17.2bn

ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday accorded approval to a project worth Rs202.412 million and recommended a project worth Rs17 billion to...

Amnesty scheme delayed for more deliberations

Finance adviser asks FBR to revisit the plan and make it more transparent for the publicISLAMABAD: Adviser to Prime Minister on Finance, Revenue and...

Cement exports rise 33pc in nine months

The country's merchandise trade deficit plunged by 13.02pc during July-March 2018-19ISLAMABAD: The exports of cement from the country witnessed an increase of 32.81pc during...

FTA with China to help boost Pakistan’s textile exports: Dawood

'Pakistan will avail duty-free market share from China, equivalent to the share enjoyed by the Association of East Asian Nations'ISLAMABAD: Adviser to Prime Minister...

Proposed amnesty scheme to allow liquidation of foreign assets

ISLAMABAD: Foreign assets can be liquidated and repatriated to Pakistan if they are deposited into a bank account or invested in Pakistan Banao Certificate or...

PM Imran seeks stronger trade ties with Iran

TEHRAN: Prime Minister Imran Khan said on Monday that it was time for both Pakistan and Iran to chalk out ways to enhance their bilateral...

Dr Hafeez Shaikh ‘ineligible’ to chair NFC meeting, present next budget

Under the constitution, only a minister can head a constitutional body or present the fiscal budget in the assemblyISLAMABAD: Since the government has replaced...

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SC restores taxes on cellular top-up

CJP says apex court will not intervene in public revenue and tax collection propositionsISLAMABAD: The Supreme Court (SC) on Wednesday ordered the restoration of all...