Senate Committee gives FBR a fortnight to report on tax collection decline from tobacco
Present on the occasion, the FBR officials said, decline in tax collection was because of fake and illegal (smuggled and non-custom paid) cigarettes
NEPRA recommends Rs4/unit increase in power tariff
The National Power Regulatory Authority (NEPRA) has suggested an increase of Rs4 per unit in the power tariff in a summary forwarded...
8 breakthrough energy projects approved for funding at Ignite Â
LAHORE:Â Ignite is a non-profit entity that has been rebooted from what was previously known as the National ICT R&D Fund. Owned by...
Discos making do in the absence of 50,000-plus critical staff
ISLAMABAD: With the power sector’s circular debt standing at an astronomical Rs1.18 trillion and a whopping 20 percent in reported technical losses...
Senate panel to take up declining tobacco revenues in meeting today
ISLAMABAD: The Senate Special Committee on the causes of declining tax revenues from the tobacco sector is scheduled to be held today...
WorldCall customers isolated as service halts after MM Alam road building fire
LAHORE: WorldCall Telecom Limited, which provides internet and digital/cable television services, has reportedly been inactive ever since a fire broke out in...
‘World less equipped to manage major financial crisis’, former IMF chief’s dire warning
Populism everywhere is the direct outcome of the 2008 financial crisis
The world is less well equipped to manage a major financial crisis...
Oil prices climb as Iran sanctions loom; US looks to prevent supply shortfall
Washington is putting pressure on other countries to also cut Iran imports, with close allies like South Korea and Japan, but also India, showing signs of falling in line
Unilever simplification to be through UK scheme of arrangement, Dutch merger
The group said in March a new holding company, New Unilever NV, incorporated in the Netherlands, would be listed in London, Amsterdam and, in the form of American depositary shares, in New York
NAB initiates inquiry against BoP on defaulter’s complaint
ISLAMABAD:Â The National Accountability Bureau (NAB) has started an inquiry against Bank of Punjab (BoP) on the issuance of 70 per cent rights...
Decision to increase gas prices by 46pc put on hold
ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has decided not to immediately increase gas prices by 46 per cent,...
IESCO allegedly appoints 168 workers without formal advertisement, interviews
ISLAMABAD: The Islamabad Electric Supply Company (IESCO), while adopting a pick-and-choose method, has allegedly appointed 168 persons on grade 1 to 15...
SBP denies rumours about discontinuation of Rs5000 banknotes
The central bank said in case of demonetization of any bank note, it announces it in advance and gives ample time to the public to change the currency under demonetization process
Overseas Pakistani’s remit $3.9 billion in July-August of FY19
During August 2018, the inflow of worker’s remittances amounted to US$ 2037.33 million, which is 5.60 percent higher than July 2018 and 4.24 percent higher than August 2017
United Brands subsidiary IBL Logistics gets contract from major beverage company
According to United Brands, this contract will allow its subsidiary IBL Logistics Private Limited to earn a revenue of Rs25 million per month