Thousands of auto workers shown the door, says PAAPAM chairman

KARACHI: Pakistan Association of Automobile Parts and Accessories Manufacturer (PAAPAM) Chairman Mohammad Akram has said that car vendors have shown the door to thousands...

PIA to operate 13 flights on new int’l routes

ISLAMABAD: Pakistan International Airlines (PIA) will operate 13 flights on its new international routes, an official of the national flag carrier said on Friday. He said...

Pakistan one of 20 countries to dominate global growth in 2024

Pakistan has been projected as one of 20 countries that will dominate global growth in five years time in 2024, an assessment made by...

CNIC condition costing Rs1.04 bn monthly on cigarette sales tax

ISLAMABAD: Pakistan’s formal sector of cigarettes industry have estimated a significant decline in their sale to the tune of 470 million sticks alone in...

Food imports down 24pc, exports up 14pc in Q1 FY20

Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased...

MCB Bank Limited to sell off its financial services arm

KARACHI: MCB Bank Limited has decided to ‘dispose’ off its wholly owned subsidiary MCB Financial Services Limited (MCBFSL) to ISE Towers REIT Management Company...

PIA to expand fleet with five new aircraft

Pakistan International Airlines (PIA) has decided to acquire five new aircraft in a bid to expand its fleet, a private media outlet reported on...

‘SECP recognised as 7th most effective regulator in world’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the "7th most effective regulator" by the World Economic Forum in its...

Reza Baqir signals an extended pause in the interest rate-hike

WASHINGTON: Pakistan must balance the risk of a slowing economy with its desire to lower the inflation rate, its central bank governor Reza Baqir...

Govt mulls reducing sales tax from 17pc to 12pc, Senate body told

ISLAMABAD: A Federal Board of Revenue (FBR) official on Tuesday informed the Senate's Standing Committee on Commerce and Industry that the government is mulling...

FBR seeks dollar procurement data from forex companies

KARACHI: The Federal Board of Revenue (FBR) has issued notices to at least 24 foreign exchange companies, seeking details of people who procured US...

Current account deficit contracts by massive 64pc

Pakistan's current account deficit (CAD) in the first quarter of the current fiscal year (FY20) declined by a huge 64pc mainly due to a...

‘Cement sales decline 50pc to 70,000 tonnes per day’

LAHORE: The sale of cement in the country has declined by more than 50 per cent to almost 70,000 tonnes per day mainly due...

Pakistan LNG cancels huge 10-year LNG tender

SINGAPORE: State-owned Pakistan LNG Limited has cancelled a tender to buy liquefied natural gas over a 10-year period and may turn to the spot...

UBL profit jumps 46 percent to Rs14.22 billion

KARACHI: United Bank Limited’s (UBL) profit increased 46 percent to Rs14.220 billion for the nine months period ended September 30, 2019, translating into earnings...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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