Pakistan receives final instalment of $1 billion from Saudi Arabia
A statement from the Prime Minister’s Office in October last year said Saudi Arabia had agreed to deposit $3 billion for a period of one year as a balance of payment support
Finance minister sees financial assistance from China within next few days
Rejecting the impression of imposing new taxes worth Rs12 billion, given by a media outlet, Asad Umar categorically denied that any new tax was introduced in the supplementary budget
Oil prices climb as U.S. threatens sanctions against Venezuela
International Brent crude oil futures were at $61.89 a barrel at 0246 GMT, 80 cents, or 1.3 percent, above their last close
Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
SBP introduces framework to counter trade-based money laundering and terrorist financing
The central bank also told banks to enhance the oversight role of the board of directors and senior management in the areas of ML/TF/PF risks associated with trade transactions
Govt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector
Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each
Danish entities to bid for renewable energy projects in Pakistan
The Danish Ambassador expressed his satisfaction over the government plans and said that Danish Investors were closely and keenly following the growing power sector of Pakistan
‘Under siege’, oil industry mulls raising returns and PR game
The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world’s biggest evils
Qatar lifts ban on import of Pakistani rice
Lifting of ban is expected to provide additional $40-50 million to Pakistan if quality is maintained
ISLAMABAD:Â Advisor to Prime Minister on Commerce...
Textile workers get fired for demanding their rights
Pakistan’s government is failing to enforce laws that could protect millions of garment workers from serious labor rights abuses, Human Rights Watch...
News regarding PIA’s offshore losses rebuffed
Pakistan International Airline Investment Company Limited (PIACL) Managing Director Najib Samie has clarified the news item, which reported that the Auditor General...
Senate body expresses concern over shrinking of land under cotton cultivation
Cotton commissioner says scarcity of certified seed, decreased profitability, and issues of plant population were among the reasons behind low production
ISLAMABAD:...
British Airways team to assess security measures in Islamabad next week
British high commissioner says the return of BA reflects great improvements in the security situation of Pakistan in recent years
A British Airways team,...
NEPRA approves 57 paisa per unit hike in power tariff
‘Electricity price has increased because power plants were not supplied LNG from 6th to 30th Dec 2018’
ISLAMABAD:Â The National Electric Power Regulatory...
Pakistan becomes third largest importer of tea in world
The country spends almost Rs54bn per annum on the commodity
MULTAN:Â Pakistan is the third largest importer of tea in the world, spending...