Rs 20-25 cut in petrol price expected 

LAHORE: Rs 20-25 cut in petrol price is expected in the country following one-day rout in nearly 30 years in global oil...

PM’s economic team lauded for chalking out Pak-China FTA-II

KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Engr Daroo Khan Achakzai on Saturday appreciated the strenuous efforts made by...

BRI moot lauds CPEC, seeks greater regional connectivity

ISLAMABAD: The Pakistan-China Institute (PCI) convened the first ever Non-Governmental Online Conference on Belt and Road Initiative (BRI), of which CPEC is...

KP govt prepares Rs68bn plan for economic uplift of tribal districts

Provincial govt to spend Rs28.4bn on technical education, Rs14.5bn on agriculture and Rs8bn on tourism
Oil producers

US cuts royalties for hard-hit oil, gas drillers

The Trump administration has lowered royalties for several drilling companies producing oil and gas on federal lands, according to a government database,...

Govt remains indecisive over sin tax as FBR ‘intervenes’

ISLAMABAD: The decision to impose 'sin tax' on cigarette packets still hangs in the balance as the federal cabinet is yet to approve...

LPG price increases amid gas shortage in Sindh

KARACHI: The price of liquefied petroleum gas (LPG) went up on Saturday as most of Sindh continued to experience the shortage of natural gas. As...

FBR criticised for ‘only targeting Karachi businesses’

KARACHI: The government's decision to increase the tax rate is not the right solution for revenue enhancement, as it would only discourage the...

Punjab tightens noose around travel agencies

A day after promulgating two ordinances related to food security in the province, Punjab Governor Chaudhry Muhammad Sarwar has promulgated two more...

Govt likely to lay off more than 30,000 employees before June 2020

ISLAMABAD: The government has been mulling to lay off more than 30,000 employees of some 20 state institutions before June 2020, apparently...

Economy out of the woods, PM’s aide tells foreign investors

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that the government has overcome the immediate challenges...

SBP sells Rs109.6bn worth of PIBs

KARACHI: The State Bank of Pakistan (SBP) has raised Rs109.6 billion through the sale of Pakistan Investment Bonds (PIBs), according to a statement...

‘Cement industry to operate at only 78pc capacity’

Dec 2019 sees cement despatches grow by more than 10pc 

‘Financial literacy to become part of new curriculum’

ISLAMABAD: Education Minister Shafqat Mahmood has shed light on the importance to inculcate financial discipline, savings culture and investment benefits among the youth...

Dar reassures IMF of commitment to programme

Pakistan's Finance Minister, Senator Ishaq Dar, has reiterated the federal government's commitment to the International Monetary Fund (IMF) programme during a meeting...