FBR establishes sales tax monitoring cell in Karachi

ISLAMABAD: Keeping in view the declining trend in sales tax payments during the first quarter of the Financial Year 2019-20, the Federal Board of Revenue...

Shanghai Electric to invest $4bn in Thar power plants

Shanghai Electric, a Chinese company, will invest $4 billion for the establishment of two more 1,320MW power plants at Thar Coal Block-I, Radio Pakistan...

Govt fails to devise revival strategies for PSM, USC

ISLAMABAD: Although the Pakistan Tehreek-e-Insaf (PTI) leaders have been criticising the previous governments for "failing to devise a strategy to revive the loss-making entities", the...

Imran invites joint investments under CPEC

KARACHI: Prime Minister Imran Khan on Monday expressed support for joint investments in various sectors under the China-Pakistan Economic Corridor (CPEC), as he inaugurated the 1,320-megawatt...

BOP’s pre-tax profit surges 18pc to Rs10.5bn

The Bank of Punjab (BOP) Board of Directors recently approved the unaudited financial statements for the nine months ended September 30, 2019. The Net Interest...

‘Dutch companies keen to invest in Pakistan’s maritime, agri sectors’

ISLAMABAD: Dutch Human Rights Ambassador Dr Bahia Tahzib-Lie, along with Ambassador of the Netherlands to Pakistan Wouter Plomp, called on Advisor to Prime Minister Abdul...

Steel manufacturers demand ban on import via land routes

ISLAMABAD: As the smuggling of steel items continues at Iran and Afghan borders under the garb of some "certain rules", the steel industry has...

India to build solar, wind farms along Pakistan border

MUMBAI: India plans to build a string of renewable energy projects along its sun-baked, wind-whipped western border, officials said on Monday, as New Delhi continues...

Textile exports up 3pc to $3.37bn in Q1 FY20

ISLAMABAD: Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period...

China seeks $2.4bn in sanctions against US in Obama-era case: WTO

GENEVA: China is seeking $2.4 billion (£1.9 billion) in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case...

NAB forms six-member committee to address businessmen’s ‘valid complaints’

ISLAMABAD: The National Accountability Bureau (NAB) on Monday formed a six-member committee for the improvement of the economy and to address the reservations of the...

Stocks bleed as KSE-100 plummets 785 points

KARACHI: Bears kept a tight grip on the Pakistan Stock Exchanged (PSX) on Monday, as the indices, which opened on a positive note, soon their...

IMF, World Bank assure Pakistan of continued support

The International Monetary Fund (IMF) and the World Bank provided assurances of their continued support to Pakistan in meetings with Adviser to Prime Minister...

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...

Provinces want representation in FBR’s Board-In-Council and PRAL

ISLAMABAD: The provinces have sought representation in the Federal Board of Revenue’s (FBR) Board-In-Council as well as its Pakistan Revenue Automation Limited (PRAL), reported...

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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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