ICST appreciates government decision to slap duties on inessential imports

ISLAMABAD -  Islamabad Chamber of Small Traders (ICST) on Wednesday lauded the government for discouraging unnecessary imports. The decision to slap additional duties on...

Govt is uninterested in economic revival: PEW

ISLAMABAD: The Pakistan Economy Watch (PEW) on Wednesday said that government seems uninterested in the economic revival as it has focused all its attention...

Gwadar airport construction likely to commence in September

ISLAMABAD:  Gwadar International Airport’s construction work is likely to be started by the end of September this year, after an approval of the grant by...

FPCCI asks government to pay heed towards textile sector

KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Wednesday said that the ailing textile sector needs immediate attention from the...

New reforms will broaden tax base: FBR

PESHAWAR: Federal Board of Revenue (FBR) Chairman Dr Mohammad Irshad on Wednesday said that the new tax laws will have no effects on the...

Dar directs extreme measure to attain tax target

ISLAMABAD: Finance Minister Ishaq Dar on Wednesday directed the Federal Board of Revenue (FBR) to take all the measures to meet the tax target....

Pakistan’s oil import bill up by 32.61pc in 11 months

Pakistan is an energy-hungry country, whose imports bill is consistently on the rise with every year and now its oil imports’ bill stands at...

Toshiba delays sale of its memory chip business

Tokyo: Japanese electronics and energy giant Toshiba has delayed its deadline for reaching an agreement on selling its lucrative computer memory chip business. The company...

EU slaps Google with record fine of $2.72b

Brussels: European regulators fined Google a record 2.42 billion euros ($2.72 billion) for abusing its dominance of the online search market in a case...

Phillips to acquire Spectranetics for $2.2b

The Hague: Dutch electronics and health care technology company Philips says it has an agreement to buy The Spectranetics Corporation in a deal worth...

Rs18b loans given out under PMYBL scheme

Islamabad: The State Bank of Pakistan released a quarterly report (Jan-March 2017) for the Prime Ministers Youth Business Loan (PMYBL) scheme last week. The...

Pakistan facing challenges to build economic corridor with China says: Ahsan Iqbal

Dalian: Pakistan faces some challenges in steering an ambitious plan to build an economic corridor with China despite the economic benefits for the country,...

Asian stocks slump while Euro rallies

Tokyo: Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote,...

KSE-100 index fell 15% from its peak level

Karachi: Pakistan equity market, KSE-100 Index, has fallen 12.37 per cent from its peak level of 52,876 points on May 24 till now wiping...

World Bank approves mid-term review to support social sector development in Pakistan

Islamabad: The World Bank has approved a mid- term review to support social sector development for Pakistan in partnership with International Finance Corporation (IFC)....

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Rs100 billion worth of tax fraud discovered by FBR

KARACHI: The country's corporate sector has been found involved in at least Rs100 billion of tax evasion and avoidance during the last four months,...

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FESCO to spend Rs1.3bn on maintenance of transmission, distribution lines

FAISALABAD: Faisalabad Electric Supply Company (Fesco) is spending Rs 1.3 billion on the repair and maintenance of transmission and distribution lines in Fesco region...