Iran approves anti-money laundering bill to ease foreign trade
Foreign businesses say Iran’s compliance with FATF standards and its removal from the organisation’s blacklist are essential if they are to increase investment, especially after reimposition of the U.S. sanctions on Tehran
US employers went on a surprising hiring spree in December
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week
Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers
Washington seeks to bring Iranian oil exports to zero in order to curb Tehran’s missile and nuclear programs and counter its growing military and political influence in the Middle East
Twelve-member delegation leaves for Sydney to attend 3-day FATF moot
According to the report, a total of 4,643 dubious transactions linked to money laundering and terror financing were unearthed and blocked since 2015
Gas shortage and power plants tripping cripples’ national grid
Pakistan Electric Power Company (PEPCO) on Friday disclosed total power generation stood at 9,800 megawatts, whilst demand was 12,500 megawatts, resulting in a shortfall of 2,700 megawatts
RLNG supply not feasible to fertilizer plants, facing liquidity crunch says, SNGPL
To avoid a liquidity crisis, SNGPL has requested the Ministry of Finance to release subsidy amount worth Rs1,332,184,376 against gas provided to both fertilizer plants from December 8th to December 31st, 2018 on an immediate basis
Report puts entire blame of gas crisis on MD’s of SNGPL & SSGC
According to officials, the major beneficiaries of the recent gas crisis was the oil mafia which was successful in promoting the utilization of imported furnace oil in power plants in contravention of the merit order
NTDC to depute anti-fog insulators for controlling tripping in foggy weather
To rein in these incidents, the NTDC has floated tenders and it is anticipated the anti-fog insulators will be installed at Port Qasim by March 2019
Government borrowing from SBP shoots up to Rs1.43 trillion in first half of FY18-19
Government borrowing from the central bank surged up five times to Rs1.43 trillion during the 1st half of FY18-19 compared to Rs288.09 billion in the same period of last year (SPLY)
Chinese entity expresses interest in reviving PSM
CFMCC in its letter of intent (LoI) has said it is a big state-owned enterprise and China Metallurgical Group Corporation holds shares in the company, which is amongst the top 500 companies globally
KP planning to line 20,000 watercourses in next five years
Approximately Rs15 billion would be required for pavement and repair of these watercourses
Turkey can help Pakistan tap EU’s furniture market: PFC
LAHORE:Â Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq, while lauding the statement of Prime Minister Imran Khan with regard to taking...
Finance ministry ‘discreetly’ imposes up to Rs20.93 per litre levy on POL products
Masses to pay approximately Rs25bn in January on account of hike in petroleum levy on POL prices
ISLAMABAD:Â The Finance Ministry, in an...
Atlas Honda launches CB125F
Pakistan’s two-wheeler market has surpassed the threshold of 2.5m units, making the country 5th largest motorcycle producing country
KARACHI:Â Atlas Honda Limited has...
Domestic cement despatches decline by 1.41pc in six months
KARACHI: Domestic cement dispatches have declined by 1.41 per cent in the first six months of the financial year 2018-19 as compared to the same...