‘USC incurred Rs14m loss per day before procurement was stopped’

ISLAMABAD: National Assembly was informed on Tuesday that the Utility Store Corporation (USC) was facing a loss of Rs14 million per day before...

Petrol, diesel prices likely to increase from Nov 1

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum recommending an increase of Rs9...

SECP approves new tech-based life insurance product  

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved a new life insurance product, which is equipped with insurance technology features...

Dr Sania Nishtar appointed as BISP chairperson

Finance minister expresses complete confidence in Dr Sania Nishtar’s credentials to transform BISP into a modern, dynamic and impartial social protection...

‘Govt committed to enhancing trade volume with China’

PM's advisor says Chinese market is world's biggest destination for agricultural products, while Pakistan produces them in abundance ISLAMABAD: Adviser to Prime...

Customs intensifies probe into illegal import of vehicles

ISLAMABAD: The Customs Intelligence has intensified its investigation in a case pertaining to illegal import of luxury vehicles from Qatar, sources said on...

Govt to promote formal banking channels for remittances  

ISLAMABAD: Finance Minister Asad Umar chaired a high-level meeting on Monday to discuss possible measures to promote remittances through formal channels. The meeting deliberated...

FBR urged to restore previous tax filing form

KCCI president says new form is cumbersome, wastes a lot of time and contains IT-related glitches KARACHI: Karachi Chamber of Commerce and...

Meeting reviews progress on FATF action plan, APG assessment  

Finance minister calls for an effective monitoring mechanism to ensure that all stakeholders complete the assigned tasks within delegated timelines ISLAMABAD: Finance Minister...

PSX asked to vacate Pakistan Railways land

Sheikh Rasheed claims PR earned Rs1.1bn more revenue in freight sector in last two months, as compared to the same period...

Loss-making PIA increases salaries by Rs915mn

‘With the same amount, PIA could have changed a large proportion of the obsolete and non-operational IFES’ LAHORE: The Pakistan International Airlines (PIA) will...

Qatar indicates it will not object renegotiation on LNG deal

ISLAMABAD: As Pakistan intends to renegotiate the Liquefied Natural Gas (LNG) contract with Qatar, the foreign country has reportedly indicated that it will...

Skill development of underprivileged children stressed

ICCI president says it is collective responsibility of public and private sectors to provide technical education and vocational training to orphans ISLAMABAD: Islamabad...

Govt to support research initiatives for robust economic policymaking

ISLAMABAD: Planning, Development and Reform Minister Makhdum Khusro Bakhtiar on Friday underscored the need for carrying out quality and policy-focused research for effective...

‘Govt introducing advance tech to curb line losses’

ISLAMABAD: Power Minister Omar Ayub Khan has said that Pakistan Tehreek-e-Insaf (PTI) government, under the dynamic and visionary leadership of Imran Khan,...