Senate panel expresses annoyance over exorbitant rise in demurrage cost
The committee chairman pinpointed the demurrage costs paid by PSO had increased 10 times and had risen to $20.4 million in FY18 from $2.5 million in FY14, which needs to be reined in, he said
Petroleum Policy 2012 to be revised, new zone-1 (f) to be created for tapping hydrocarbon reserves
Under the Petroleum Policy 2012, an incentive package is available for onshore areas taking risk and investment requirements into consideration
In shift, Pakistani giant Engro to bet big on rising middle class
Engro has been a major beneficiary from Beijing’s Belt and Road Initiative splurge, working with Chinese firms on coal and power projects worth billions of dollars
Pakistan’s foreign reserves decline by $300mn
The liquid foreign exchange reserves of the country declined by $300 million to $16.069 billion by the week ended September 7, 2018,...
Senate body demands report from FBR over tobacco revenue shortfall
ISLAMABAD: A special committee of the Senate on the decline in tax collection from the tobacco industry has sought a report in...
Rs25.7bn allocated to textile sector under PM’s trade package
ISLAMABAD: The government has paid Rs25.7 billion to the textile sector under the first phase of Prime Minister’s Trade Enhancement Package which...
Chinese company calls on Sheikh Rasheed, discusses railways projects
ISLAMABAD: China Harbour Engineering Company’s (CHEC’s) General Manager, Wang XiaoFeng Thursday called on the Minister for Railways Sheikh Rasheed Ahmad at the...
SECP, NACTA guide non-profits on AML/CFT pitfalls
STAFF REPORTÂ
ISLAMABAD:Â In collaboration with the National Counter Terrorism Authority (NACTA), the SECP organised an awareness session to sensitize the not-for-profit organizations (NPOs)...
PIA suffers to the tune of billions over ill-timed move
From Sabre to little-known Turkish Global Distribution System
MUHAMMAD FARAN BUKHARI
LAHORE: Pakistan International Airlines’ (PIA) international flight bookings have almost ceased, resulting in...
Lakki Block concession to KP Oil PTI’s first exploration licence
36 concessions lying unexplored, pending security clearance
ISLAMABAD: The federal government on Wednesday awarded the licence to Khyber Pakhtunkhwa Oil & Gas Company...
India and Pakistan have driven global sugar glut: Australia’s minister for trade
Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies
PTC cautions its sales will be impacted, if govt restores two-tier tax system
According to the formal sector, the creation of the third-tier helped to dent illicit cigarette trade from 41.2 percent to 33.3 percent in a span of one year
Govt recommendations for tax exemptions, reductions on LPG rebuffed by retailers & wholesalers
This would result in the government suffering revenue losses to the tune of Rs6.7 billion if all the stakeholders reach a consensus over the recommendations put forth by SSGC
Company fined Rs2 million for smuggling cell phones
ISLAMABAD: The Collector, Customs Intelligence has imposed a penalty of Rs2 million to the foreign cellular phone company in the case smuggling...
Govt may review CPEC, FTAs if needed, says OICCI president
Pakistan currently attracts low FDI, which is less than one percent of its GDP against the norm of three percent in the regional countries