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...

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...

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

‘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...

NEPRA denies NAB access to tariff consultant

'NAB had sought tariff consultant's assistance for investigation against those IPPs that earn abnormal profits'ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has refused...

Apple explores moving 15-30pc of production capacity from China: report

Apple Inc has asked its major suppliers to assess the cost implications of moving 15 per cent to 30pc of their production capacity from...

Tobacco growers stand divided on implementation of advance tax

'Farmers that are influenced by illegal manufacturers are only making the advance tax issue a political game'ISLAMABAD: While a group of tobacco growers from...

Senate body recommends continuation of zero-rating regime for export sectors

ISLAMABAD: Senate's Standing Committee on Finance has recommended the National Assembly to continue with the zero-rating regime for five export-oriented sectors in the Finance Bill...

OPEC to meet July 1 and 2 after several postponements

OPEC holds meetings twice a year in Vienna to decide on production levels, which influence world oil pricesVIENNA: Major oil-producing countries will meet in...

71 out of 84 sugar mills declared losses in FY19: FBR chief

'FBR has agreed to reduce withholding tax for registered sugar dealers'ISLAMABAD: In a briefing to the Senate's Standing Committee on Finance on Tuesday, Federal...

Nothing has been decided yet, ADB announces

The Asian Development Bank (ADB) has distanced itself from the recent announcement of the government that it was furnishing budgetary support in the amount...

FBR receives data of withholding taxes from banks

People asked to disclose undeclared bank accounts under amnesty scheme by June 30ISLAMABAD: The Federal Board of Revenue (FBR) has received details of all...

Pakistani products take centre stage at China’s commodity expo

Pakistani products have attracted a large number of local and international entrepreneurs at the ongoing South and Southeast Asia Commodity Expo and Investment Fair...

Tobacco growers condemn imposition of Rs300 tax on farmers

Govt urged to reverse the decision, as it will bring economic death to the working classISLAMABAD: Tobacco growers and industrial workers on Monday condemned...

CCoP seeks privatisation proposals for Pakistan Steel Mills

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Monday discussed Pakistan Steel Mills' (PSM) privatisation and directed the Ministry of Industries and Production and Privatisation...

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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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