Matco to setup joint venture company with Barentz International

The JV is being set up for the import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector

SBP issues ‘Guidelines for Clearing Operations’ to facilitate general public

KARACHI To facilitate the general public for the timely realisation of funds in their bank accounts and ensure consumer protection, the State Bank has issued...

FPCCI felicitates new FBR chief, urges for tax reforms

KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Zubair Tufail has expressed his heart-felt felicitation to Tariq Mahmood Pasha on his...

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...

Only 256 MW added to national grid against allotment of over 41,000 acres land in Sindh

By Aftab Channa KARACHI: In what seems a lethargic attitude of the provincial, as well as the private authorities towards the development of the Sindh province,...

Rs180bn loan adjusted through consumer tariff

PML-N govt decided to finance commercial bank loans through a surcharge, Senate body told

Market Daily: Bears out in force as PSX loses 82 points

LAHORE: The Pakistan Stock Exchange (PSX) had another crazy session on Friday where the indices swung violently. Bulls tried to make a strong comeback but...

Tobacco industry fails to deliver revenue target set by FBR

ISLAMABAD: Despite the introduction of a third slab on cigarette prices, the Federal Board of Revenue (FBR) has been losing revenue and is most...

Nepra penalizes Lesco and Hesco for prolonged power outages

Islamabad: Lahore Electric Supply Company (LESCO) and Hyderabad Electric Supply Company (HESCO) on Thursday were fined Rs9m by the National Electric Power Regulatory Authority. This...

PIA, PSM privatisation guaranteed if present govt remains in power

ISLAMABAD: Advisor to Prime Minister on Finance, Revenue and Economic Affairs Division Miftah Ismail hinted that if the Pakistan Muslim League (PMLN) was to in...

Three new sugarcane varieties introduced

These varieties will give 40pc more yield and require 30pc less water to complete the growth cycle FAISALABAD: Ayub Agricultural Research Institute (AARI) has introduced...

Record-tampering case surfaces in SECP

ISLAMABAD: A record-tampering case has surfaced in the Securities of Exchange Commission of Pakistan (SECP), where two Pakistani directors of a registered...

MoC to formulate STPF 2018-23 without projection of export figure

ISLAMABAD: As the Strategic Trade Policy Framework (STPF) 2015-2018 badly failed to meet the target of exports growth, Ministry of Commerce (MoC) is all...

China considers more avenues to invest in Pakistan under BRI

BEIJING: China is considering more avenues to invest in Pakistan and other regional countries under the Belt and Road Initiative (BRI), officials said here...

PSX gains 334 points to close at 37,130

ISLAMABAD: The Pakistan Stock Exchange (PSX) Friday witnessed bullish trend as KSE-100 index bounced by 334.60 points (0.91 per cent) to close at 37,130.63...

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Pakistan to export cigarettes worth $50m for the first time

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export...

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