National exchequer bears the brunt of flawed tobacco taxation policies

ISLAMABAD: The national exchequer has incurred a loss of approximately Rs153 billion in terms of revenue collection during 2016-2019, owing to the introduction of wrong...

China to invest $1.3tr in BRI states by 2027

'China has entered into an era of geo-economic relationship with Pakistan and it plans to boost two-way trade from $12bn to $20bn'ISLAMABAD: Chinese scholar...

Market reacts positively as Hafeez Sheikh takes charge of finance ministry

'IMF will be more comfortable in discussing the next loan programme with Hafeez Sheikh' 'The new advisor has made it clear to the...

SECP expunges AML/CFT reporting requirements

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said on Friday that it has rescinded the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT)...

BOI chief terms CPEC as harbinger of shared prosperity, growth

'Govt is striving to enhance the efficiency of its institutions in order to facilitate the investors and turn their commitments into actual transactions'ISLAMABAD:...

Syed Talib Rizvi to head Bank of Punjab

LAHORE: The Punjab cabinet has approved the appointment of Syed Mohammad Talib Rizvi as president/chief executive officer (CEO) of the Bank of Punjab.“Punjab Chief Minister...

Business community urged to invest in aviation industry

'Close liaison between private sector and aviation industry will go a long way in strengthening the defence of Pakistan'ISLAMABAD: Former chief of the air...

PSX witnesses bullish trend, gains 480 points

KARACHI: After a slow start, the Pakistan Stock Exchange staged a massive rally to end the last trading session of the week in the green...

Food exports dip 2.4pc in nine months FY19

ISLAMABAD: The food exports from the country witnessed a negative growth of 2.4 per cent, as it went down to $3.34 billion during the first...

‘Completion of ML-I project will revolutionise Pakistan Railways’

ISLAMABAD: Pakistan and China will sign the preliminary design of ML-1 project during the upcoming visit of Prime Minister Imran Khan to Beijing.This was stated...

China invites North Korea to Belt and Road summit

BEIJING: China said Friday leaders from 37 nations and North Korean representatives will attend a summit for its Belt and Road Initiative next week as...

More oil reserves discovered near Gujar Khan

Mari Petroleum Company Limited (MPCL) has made an oil discovery near Gujar Khan in Rawalpindi District, Radio Pakistan reported.According to the spokesperson of the...

‘Promotion of women entrepreneurship imperative for Pakistan’s prosperity’

ISLAMABAD: Former State Bank of Pakistan governor and Karandaaz Board Chairperson Dr Shamshad Akhtar said on Thursday that promotion of women entrepreneurship is the only...

PIA owes Rs96bn to Civil Aviation Authority, PAC body told

ISLAMABAD: The Civil Aviation Authority (CAA) on Thursday informed a sub-committee of Public Accounts Committee (PAC) that the Pakistan International Airlines (PIA) owed Rs96 billion...

WTO sides with US in dispute over China grain import tariffs

GENEVA: The World Trade Organisation on Thursday largely sided with the United States in its Obama-era case against Beijing over Chinese restrictions on imports of...

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