Petrol price likely to be hiked by Rs5 per litre

A further hike of Rs5 in the price of petrol is expected in view of the devaluation of Pakistani Rupee and an increase in...

‘China to provide $1bn grant for Pakistan’s socio-economic development’

ISLAMABAD: Planning, Development and Reforms Minister Makhdoom Khusro Bakhtiar said on Friday that China would provide $1 billion grant for socio-economic development in Pakistan.Addressing the...

PSX ends 129 points higher amid positive sentiment

KARACHI: Bullish sentiments prevailed at the Pakistan Stock Exchange (PSX) on the last trading session of the week.Foreign investors were once again the net sellers...

Asad Umar wants concessions on sugar, ghee, explains IMF demands

The former finance minister further said that the international lender wanted the debt accumulated during the tenures of the previous governments to be recovered as well.

Pakistan thwarts India’s FATF blacklist move but danger still lurks

Pakistan has managed to garner much-needed support from three member states of the Financial Action Task Force (FATF) to avoid being placed on its...

Oil prices up by 6pc after US-Iran tensions escalate

Oil prices spiked by as much as 6% going above $57 a barrel as tensions between the United States and Iran escalated after a...

Govt to pursue corruption charges against Karkey in rental power project

LAHORE: The government of Pakistan has decided to sever all efforts to reach an out of court settlement with the Turkish company Karkey on...

Former PSX chairman Richard Morin breaks his silence

The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...

Second Pakistan energy sukuk worth Rs200bn launched to pay circular debt

Earlier, in March, the government issued the first tranche of bonds worth Rs200 billion and Meezan Bank was the largest investor in the Sukuk with the participation of Rs88 billion

Time to forget zero-rating, Imran tells textile industry

Prime Minister Imran Khan on Thursday in a meeting with the leaders of the textile industry told them that the ship on zero rating...

Gold prices rocket to Rs 77,470/tola

Domestic gold prices on Thursday hit an all time high when they reached Rs 77,470 as they rose all over the world, and especially...

FBR traces out 13,500 expensive, luxury cars in Sindh

KARACHI: The Federal Board of Revenue (FBR) has tightened the noose against tax defaulters, owning expensive cars and living a luxurious life without caring about...

Senate body reviews FED on essential items, proposes reduction in duties

ISLAMABAD: Senate's Standing Committee on Finance, Revenue and Economic Affairs on Thursday reviewed the Federal Excise Duty (FED) clauses of Finance Bill 2019 and recommended...

‘Efforts to attract petroleum investments to continue unabated’

ISLAMABAD: Petroleum Minister Omar Ayub Khan said on Thursday that the government's reform agenda and efforts to attract investment in the petroleum sector would continue...

FBR appoints national coordinator to implement Benami law

ISLAMABAD: The Federal Board of Revenue (FBR) had appointed Nosheen Amjad as National Coordinator for implementation of Benami Transactions (Prohibition) Act, 2017.The Benami law had...

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Qatar to invest $22bn in Pakistan: report

Qatari Emir Sheikh Tamim bin Hamad Al-Thani will visit Pakistan on June 23 (Sunday), a private media house reported on Monday.According to details, Qatar...

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