Hubco completes acquisition of 37% stake in ThalNova
In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh
Oil prices rise on Libyan export interruption, but markets remain weak
International Brent crude oil futures were at $60.19 per barrel at 0336 GMT, up 19 cents, or 0.3 percent, from their last close
EDB asks FBR to take back regulatory duty on locally manufactured auto parts
The EDB letter states while finishing the meeting, Secretary Industries and Production suggested the FBR exclude SRO 655 (I)/2006 from the purview of regulatory duty
Govt dismisses demand to provide Rs6.6 billion subsidy on local sugar sale
Another request of the sugar industry to permit state-owned Trading Corporation of Pakistan (TCP) to procure 20,000 tons of sugar from the millers was also rejected by the government
MNCs continue to flourish amid flawed taxation system
Profits of Philip Morris have doubled since the introduction of highly controversial third-tier tax slab by the former govtISLAMABAD: Multinational companies (MNCs) in the...
Sin tax on tobacco industry to adversely impact multinational companies
'Besides encouraging illicit trade, taxation on 'sin products' will eventually reduce production volume, govt's revenue'KARACHI: The federal government is planning to impose a 'sin...
Pakistan remittances growth to remain flat at 6.2% in 2018: World Bank
Pakistan’s remittances as a percentage of GDP was 6.9% in 2018, ranked at 3rd behind Nepal at 30.1% and two positions above India at 2.8%
With PM taking personal interest will the K-Electric deal finally materialize?
On news of SEP’s delegation meeting with the PM, led to a surge in selling and buying of K-Electric shares and it ended Friday as the market volume leader with 13.90 million shares traded
Turkmenistan requests Pakistan to initiate work on TAPI pipeline from 2019
Turkmengaz was nominated as consortium leader in August 2015 with 85% shareholding and Pakistan, India and Afghanistan having 5% shares each
China’s November export, import growth shrinks; surplus with U.S. record high
China’s trade surplus with the United States was $35.55 billion in November, a record high and compared with $31.78 billion in the preceding month
Karkey’s efforts to get court verdict enforced may cause financial doom for Pakistan
After the court ruling, Karkey visited Germany, US and UK to get the verdict enforced against Pakistan and this puts the country's foreign assets at risk of being taken over as security to enforce the court's verdict and pay the damages to the Turkish company
PLL convinces Gunvor to supply rescheduled LNG cargo in December
PLL has also called tenders for supply of additional LNG cargo's to the country during January and February 2019, said sources
SECP registered 1,060 new companies in November
Around 72 percent of companies were registered as private limited companies, while around 26 percent were registered as single member companies
German companies keen to invest in Pakistan’s IT, auto sectors: Envoy
German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan
Asia oil and LNG markets are both swamped, so why are prices poles apart?
Oil markets moved from backwardation in October into contango from November due to an emerging glut & LNG markets are also clotted, with several tankers storing the fuel sitting off the region’s energy trading hub of Singapore
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PM likely to sack entire economic squad
Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing
Energy minister Omar Ayyub likely to head finance ministry
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No duty payable on phones being used on roaming for less...
For these phones to be registered, Mr Azhar said it can be done at either the airports or in any of the Customs houses across the country and phones aren’t detained during the process of registration/duty payments
