China to extend support through short term loans
It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
Ally betrays Arif Naqvi, behind lawsuit against Abraaj
The UAE-based Jafar family, which controls a Sharjah-based congolmerate, had deep ties with Naqvi and the petition points to further cracks at Abraaj
ZTE proposes $10.7 billion financing plan, new board
On Wednesday, ZTE shares plunged a record 41 percent in Hong Kong and 10 percent in Shenzhen, wiping out almost $3 billion off embattled ZTE’s market value, as it resumed trading after being suspended for almost two months due to the U.S. ban
SECP notifies regulations for non-profit associations
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified the Associations with Charitable and Not for Profit Objects Regulations, 2018.
The...
PSDP update: Rs15,520mn released for petroleum, natural resources division
ISLAMABAD:Â The government has released around Rs15,520.056 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP 2017-18)...
Five-Year Performance: Previous govt failed to fulfill promise of tax reforms
ISLAMABAD: The previous government has failed to bring its much 'promised’ reforms in the taxation system of the country during its tenure in...
ICCI demands exemption from tax inquiry of selected cases
Muhammad Naveed Malik said that in the Budget 2018-19, the outgoing government had extended the threshold for income tax up to Rs.1.2 million due to which almost 80 per cent of small taxpayers would go below the tax level in the next financial year.
PML-N led govt failed to stabilise economy, says FPCCI
Former govt borrowed $44 billion yet it had no positive impact on the economy and now the country at the brink of bankruptcyÂ
Facebook admits to sharing user data with select companies
The companies had access to the data during a stretch of time in 2015 after Facebook had locked out most developers who build apps that work on its social network.
Gilgit-Baltistan presents Rs63.856 billion budget
Opposition rejects budget, protests against GB Order 2018
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
After 46 hours Lahore still faces power outage
Some areas of Lahore have been without power for over 46 hours, meanwhile, other parts of Lahore suffer 10 to 12-hour long load-shedding
Differences between CEO, board mar NRDMF operations
The disaster management fund had been setup with a $200 million loan contracted from the Asian Development Bank (ADB)
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.
Two senior executives depart from Abraaj: Report
Previously, Bloomberg reported last week KPMG was said to be undertaking an internal review into its audits of the world’s largest emerging private equity house