PAC directs investigation into appointment of ex-MD Nandipur power project

Islamabad: Public Accounts Committee (PAC) on Thursday decided to investigate a Punjab government officer responsible for managing the operations of the cash-bleeding Nandipur power...

Next stage of CPEC begins, as priorities shift towards industrial parks

Islamabad: After completing work on early harvest energy projects, China-Pakistan Economic Corridor is taking the next step towards finalizing recommendations coming Tuesday regarding which...

SBP directs money changers to ensure 1pc reduction in open-market rate of dollar

Karachi: State Bank of Pakistan on Thursday held a meeting at its headquarters with money changers and directed them bring to reduce the dollar...

Higher taxes for rich will not harm economic growth, says IMF

WASHINGTON: IMF, the influential organisation, which is based in Washington DC, has published its biannual fiscal monitor to voice its support for the policies of...

CCE approves purchase of additional 100 MW electricity from Iran

ISLAMABAD: The Cabinet Committee on Energy (CCE) on Thursday approved purchase of additional 100 MW electricity from Iran and directed the Ministry of Power...

ECC grants approval to export 0.5 million tonnes of the sugar

ISLAMABAD: Federal cabinet’s economic coordination committee (ECC) has allowed export of 0.5 million ton (MT) of sugar (Crop-Year 2016-17) under certain conditions, it was learnt...

Traders laud economic vision of COAS General Bajwa

ISLAMABAD: Islamabad Chamber of Small Traders on Thursday lauded the economic vision of the Chief of Army Staff (COAS) Qamar Javed Bajwa and lauded...

MOL Group & Mari Petroleum sign MoU on strategic cooperation

KARACHI: MOL Group and Mari Petroleum Company Ltd (MPCL) Thursday announced a strategic cooperation initiative for evaluating future potential business opportunities in the local,...

Pakistan Railway plans to upgrade tracks on BoT basis

ISLAMABAD: Pakistan Railways has finalised arrangements for upgradation and construction of more than 50,000km long tracks across the country on the basis of Build...

PM urges Japanese firms to invest in Pakistan to uplift local industry

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Thursday said that Pakistan would welcome the Japanese companies to invest in Pakistan as it would enhance the...

FBR team meets banks, gas company executives in Karachi to boost filing of returns

ISLAMABAD: As part of FBR's outreach and awareness programme for filing of Income Tax returns before the due date of October 31, 2017, a...

Services exports up by 5% in two months

ISLAMABAD: The services exports from the country increased by 4.94 per cent during the first two months of the current fiscal year compared to...

Total exports increase by 10.84% in July-Sept 2017-18, down by 10.24% YoY

--Trade deficit surged by 29.75% in July-Sept this year KARACHI: The country’s exports surged by 10.84 per cent to $ 5.172 billion during first quarter...

Too many regulators spoil FDI: OICCI

--Overhaul in tax policy, implementation of IP rights law, change in perception necessary for investment growth LAHORE: Overseas Investors Chamber of Commerce and Industry (OICCI)...

Punjab still faces unresolved critical revenue mobilisation challenges

LAHORE: Punjab is still facing critical challenges in revenue mobilisation despite announcing ambitious medium to long-term holistic approach, highly placed revenue department sources reveal. Realising...

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Large retailers asked to link invoicing systems with FBR by Dec...

KARACHI: The Federal Board of Revenue (FBR) on Thursday asked the big retailers to ensure installation of its point-of-sale invoicing app into their systems...

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Govt to announce fish policy soon: Minister

ISLAMABAD: Federal Minister for National Food Security and Research, Sahibzada Muhammad Mehmood Sultan on Wednesday said the government would soon announce a fish policy...