FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge

In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion

Oil prices steady as focus turns to potential supply hike

Benchmark Brent crude oil was down 20 cents at $75.74 a barrel by 0750 GMT, after falling 80 cents on Thursday

Rupee nosedives to Rs124 against greenback in kerb market

In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.

Board of PLTL rebuffs proposal to merge it with PLL

The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL

Local petroleum production up by 12.98pc in ten months

ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year as compared...

Weekly inflation goes up by 1.71pc

ISLAMABAD: The weekly inflation for the week ended on June 13, for the combined income group witnessed an increase of 1.71 per cent as...

Customs set to end cases against Digicom, release smuggled Q-Mobile phones

Digicom Trading Pvt Ltd had cleared the containers of the phones in the cover of LED lights (bulbs) via a green channel on 31 October 2017. These mobile phones were brought to Pakistan without getting an approval of Pakistan Telecommunication Authority (PTA) and also without getting their IMEI numbers registered

ZTE proposes $10.7 billion financing plan, new board

On Wednesday, ZTE shares plunged a record 41 percent in Hong Kong and 10 percent in Shenzhen, wiping out almost $3 billion off embattled ZTE’s market value, as it resumed trading after being suspended for almost two months due to the U.S. ban

Oil prices ease, as US production breaks another record

Brent crude futures, the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close

Pakistan imported 10 million tons LNG in last three years

LNG imports have resulted in savings of $3 billion to the national exchequer

Rupee depreciation, rising global oil prices justify increase in petrol prices: OICCI

FPCCI lambasted the government for increasing prices of petroleum products and taking short-term decisions on the excuse of economic stabilization

Circular debt falls to Rs499 billion

A decrease in circular debt has been attributed to the timely notification of new tariff by Nepra which allowed Discos to collect additional Rs90 billion revenue in May 2018

LSM output declined 16.08 percent in April compared to March

On a monthly basis, food beverages and tobacco posted 2.97 percent growth, auto sector 1.64 percent, non-metallic mineral products including cement 1.51 percent, coke and petroleum products 1.12 percent

Cellular providers to give 100 percent credit on credit recharge for 15 days

As per the SC directives, this relief will last for 15 days after which the FBR and cellular companies would submit a mechanism to the apex court for collecting taxes via mobile phone top-up cards

PM invites Japanese companies to invest in Pakistan

ISLAMABAD: Prime Minister Justice (r) Nasir-ul-Mulk Wednesday said Pakistan attached great importance to its relations with Japan and invited Japanese companies to avail the investment-friendly...

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Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

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China to extend support through short term loans

It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.