Cement exports decline 5.2pc in five months
ISLAMABAD: The export of cement witnessed a decrease of 5.27pc during the first five months of the current financial year (FY20) as...
Revised revenue target to be reviewed in upcoming quarters: IMF
--Official stresses implementation of Public Finance Management Law to ensure fiscal discipline in Pakistan
--Says a joint working group will be constituted by...
Cabinet decides to reduce prices of 89 medicines
With an aim to provide relief to people, the federal cabinet has decided to reduce the prices of 89 medicines, including life-saving...
IMF cuts Pakistan’s revenue target by Rs265bn
--'Tax collection target has been revised to Rs5.238tr keeping in view slippages in fiscal discipline, expenditures and revenue targets'
--'A potential blacklisting by...
Bulls return to bourse, lift KSE-100 by 320 points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday as the bulls who were nowhere to be seen by...
Former finance minister Miftah Ismail gets bail in LNG case
ISLAMABAD:Â The Islamabad High Court (IHC) on Monday granted bail to former finance minister Miftah Ismail in the liquefied natural gas (LNG) case.
A...
Crackdown on income tax defaulters from March 2020, NA body told
ISLAMABAD: The Federal Board of Revenue (FBR) has issued notices to over 200,000 income tax defaulters and that the board would initiate...
ECC approves Rs6bn subsidy for Utility Stores Corporation
ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved a grant of Rs6 billion as subsidy for the Utility Stores Corporation.
The approval...
Govt, stakeholders fail to reach consensus on urea price
--Fertiliser sector says OGRA-proposed gas price increase will have a direct impact on the cost of urea production
--Govt reaffirms that 'gas price...
‘World Bank willing to invest in PIA’
ISLAMABAD:Â Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik said on Monday that the World Bank was willing to...
FBR directed to take action against officials issuing ‘bogus refunds’
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate disciplinary action against tax officials involved...
CPPA proposes Rs1.73 per unit hike in power tariff
ISLAMABAD:Â The Central Power Purchasing Authority (CPPA) has asked the National Electric Power Regulatory Authority (NEPRA) to increase power price by Rs1.73 per...
PPL discovers oil & gas deposits in Sindh, Balochistan
The state-owned Pakistan Petroleum Limited (PPL) has announced two oil and gas discoveries in Sindh and Balochistan.
In a letter to the Pakistan...
Japan agrees to employ trained Pakistani labourers
Islamabad and Tokyo have signed a memorandum of cooperation, under which trained Pakistani labourers would be provided with employment opportunities in Japan.
The...
CCI to discuss proposed amendments in Petroleum Policy
ISLAMABAD:Â The Petroleum Division has proposed six amendments in the Petroleum (Exploration and Production) Policy 2012, and the Council of Common Interests (CCI)...