Petroleum Division devises three-pronged strategy to curb gas sector losses
ISLAMABAD: The Petroleum Division has submitted with the Federal Cabinet a three-pronged strategy to address the issue of approximately Rs50 billion worth annual...
Saudi Arabia reduces visit visa fees for Pakistanis
ISLAMABAD: The Embassy of Saudi Arabia on Saturday announced that the Kingdom has approved a significant reduction in visa fees for Pakistanis.
According to...
Interloop gears up for March IPO, roadshows to commence in Lahore, Karachi next week
Interloop’s IPO could become the country’s largest private sector listing on the Pakistan Stock Exchange, eclipsing that of the bourse which raised Rs4.5 billion in 2016
Building and construction material exhibition fails to attract interest
LAHORE: The first two days of a three-day exhibition of building and construction materials held by The Institute of Architects of Pakistan (IAP)...
Mobile phone imports increase by 13.1pc in seven months
Pakistan imported cell phones worth Rs55 billion in the first seven months of the ongoing financial year (FY19), Pakistan Bureau of Statistics...
India’s newly launched fast train breaks down
Collision with a cow disrupted electricity supply to four carriages and damaged the brake system
NEW DELHI: India's first semi high-speed train...
Bank lending for ‘real economy’ key to boost China growth: central bank official
China’s banks made the most new loans on record in January following a series of moves to boost lending as authorities try to prevent a sharp slowdown in the world’s second-largest economy
Global e-commerce sales will skyrocket to $3 trillion by 2022: Fitch Solutions
China is the largest e-commerce market globally with total e-commerce sales forecast at $834 billion in 2019 and projected to further rise to $1.24 trillion by 2022
Withholding tax collection on profit from government securities nosedives 25%
During July-January of current FY19, the collection of withholding tax from banking deposits soared 221% and counterbalanced the fall in tax collection from profit on government securities
Pakistan gets ready to woo Saudi crown prince
Saudi Arabia is reportedly preparing to sign a record investment package with Pakistan, including a $10 billion refinery and oil complex for the strategic Gwadar Port on the Arabian Sea
Sindh, Balochistan face gas shortage, as LNG terminal goes offline for maintenance
To mitigate the fall out from the shortage of gas, SSGC announced an additional 12-hour gas holiday for compressed natural gas (CNG) fuel stations across Sindh on Saturday in order to provide supply gas to domestic and commercial consumers
Total external debt & liabilities soar to $99.1 billion by end of December 2018
During the first half (July-December) of FY19, the government procured $11.3 billion loans from several countries compared to $8.6 billion till the end of June last year
Pakistan to take another $1.4 billion loan to curb power sector arrears
Electricity shortages have eased in the last 12 months but years of mismanagement and funding shortfalls for subsidies have led to accumulated power sector payment arrears, or “circular debt”, soaring to 1.4 trillion rupees ($10.1 billion)
Air France mulls returning to Pakistan after 11 years: minister
Petroleum Minister Ghulam Sarwar Khan revealed on Friday that after witnessing a conducive business environment, Air France was planning to resume its...
BankIslami pioneers Pakistan’s first ‘OneTouch Banking’ solution
With the growing prevalence of technologically advanced solutions within the Pakistani banking industry, BankIslami has set the benchmark for the industry with...