US to withhold $50m of coalition support fund to Pakistan

Washington: The United States will withhold $50 million remaining in military reimbursements to Pakistan for fiscal year 2016 because Defense Secretary Jim Mattis believes...

Exports remained flat during FY 2016-17: SBP report

Islamabad: The State Bank of Pakistan on Friday outed data relating to export destination wise receipts for financial year 2016-17, which gave a detailed...

Sea food exports rise 21.35pc during FY 2016-17

Islamabad: Sea food exports from Pakistan during 12 months of previous financial year (2016-17) increased by 21.35 percent as compared to exports in the...

Business community expresses concerns over record borrowing

ISLAMABAD Pakistan Businessmen and Intellectuals Forum (PBIF) president, All Karachi Industrial Alliance (AKIA) president, the businessmen panel of FPCCI and Former Provincial Minister Mian Zahid...

Tahir Mahmood likely to be appointed as acting chairman SECP

ISLAMABAD Following the arrest of Securities and Exchange Commission of Pakistan (SECP) Chairman, Zaffar Hijazi on Friday, SECP Commissioner Tahir Mahmood is expected to be...

Iqbal asks FBR officials to facilitate Chinese investments

ISLAMABAD Minister for Planning Ahsan Iqbal has asked the Federal Board of Revenue (FBR) to urgently finalise its plans for modernising documentation systems, improving monitoring...

EU provides €60mn for reducing stunting, malnutrition in Sindh

ISLAMABAD Pakistan and the European Union on Friday signed the financing agreement on improved nutrition in Sindh worth €60 million, which will help align and...

Government may take interim measures to meet ambitious tax target

LAHORE The government may take interim tax measures to meet the ambitious tax collection target of 4.1 per cent of GDP as the risk of...

Oil tanker accident: OGRA urges Shell to pay compensation

ISLAMABAD Oil & Gas Regulatory Authority (OGRA) has fixed responsibility of the tragic oil tanker accident at Ahmedpur East, Bahawlapur, which claimed more than 200...

Daily market report: KSE-100 ends week positive

LAHORE The index, after a weak first session where it dropped 511.57 points, bounced back in the second. It jumped 322.29 points to 45,382.22 before...

Shaheen Air all set to commence its largest Hajj operations this year

Lahore: Shaheen Air International is geared to fly the highest number of pilgrims this year for the annual pilgrimage of Hajj. The Hajj operations...

Petroleum ministry to undertake Rs190m coal exploration projects in Balochistan

Islamabad:  Ministry of Petroleum and Natural Resources would execute two new projects worth Rs 190 million for coal exploration and evaluation in different localities of...

Why was the darknet website Alphabay taken down?

New York: AlphaBay, the now-shuttered online marketplace that authorities say traded in illegal drugs, firearms and counterfeit goods, wasn't all that different from any other e-commerce...

SECP Chairman Zafar Hijazi arrested by FIA

Islamabad: SECP Chairman Zafar Hijazi has been taken into custody by FIA following rejection of his bail plea in record tampering case. He was arrested...

Facebook considering introducing news paywall

New York: Facebook is working on a way for news organizations to charge readers for articles they share and read on the social network. Facebook’s...

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ADB approves $235m loan for Karachi’s BRT

The Asian Development Bank (ADB) has approved a $235 million loan to help develop Karachi’s Bus Rapid Transit project. According...

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