Furniture manufacturers demand tax exemptions until 2025
ISLAMABAD: The Pakistan Furniture Council (PFC) Sunday urged the federal government to declare the furniture industry, a tax free sector till 2025...
Power Cement completes financing for new plant
One of Pakistan’s leading cement producers, Power Cement Ltd has completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta...
At-Tahur’s road to IPO begins, book-building set to close on 26th June
At-Tahur is issuing 36.7 million shares with 75 percent for book building and remaining 25 percent for retail investors at a floor price of Rs20 per share
Coal imports to be discharged at Port Qasim
Following Supreme Court’s ban on unloading of thermal coal at Karachi port, Pakistan's thermal coal importers will now have to discharge all of their cargoes at Port Qasim from August.
China’s ZTE expected to take last step to lift ban: U.S. official
ZTE, which makes smartphones and networking gear, agreed to pay a $1 billion penalty and put $400 million in escrow as part of a settlement it reached on June 7 with the Commerce Department to regain access to the U.S. market, which it needs for components.
OPEC agrees modest hike in oil supply after Saudi and Iran compromise
The United States, China and India had urged oil producers to release more supply to prevent an oil deficit that could undermine global economic growth
SC asks govt to reevaluate process of levying taxes on POL products
The Chairmen of Oil and Gas Regulatory Authority (Ogra), Federal Board of Revenue (FBR) and MD Pakistani State Oil (PSO) were instructed to provide reports about a fresh formula for the correct fixing of prices for POL products in a span of ten days
SBP notifies revisions in manual for kerb market foreign exchange dealers
The central bank last month introduced identification requirements for all foreign currency buy and sell transactions equivalent to $500 or above on currency exchange companies and directed them to retain the copies of identification documents to comply with anti-money laundering rules
Pakistani’s sent an astounding $15.253 billion overseas in FY17: SC
The committee observed during FY17, a major amount of transfers were carried out from Pakistan via the illegal Hawala and Hundi mechanisms
Govt notifies revised oil licensing and fee structuring rules
The dispute had raged on since an out-of-court settlement was reached in June last year between Ogra and Oil Companies Advisory Council (OCAC) over the licensing and fee structure conditions
Private sector credit posts 4.25pc growth during July-Jun FY18: SBP
Islamic Bank lending growth plunged 45 percent, touching Rs72.650 billion during the period under review compared to Rs132.07 billion in the corresponding period of last year
Pakistan to start receiving information on offshore accounts in SeptemberÂ
ISLAMABAD:Â Pakistan is poised to receive information about offshore financial accounts in September 2018. This was stated by the spokesperson and member policy...
Turkish Shylock twists Pak’s arm for $846m pound of flesh
Turkish Karkey demands immediate payment of $846 million arbitration award handed down by the ICSID in August 2017 to Pakistan.
PSX arranges briefing on tax amnesty
KARACHI: The Pakistan Stock Exchange (PSX) Limited Friday arranged a briefing on tax amnesty for its TRE certificate holders and market participants.
The panellists on...
Chinese electric car manufacturers eye Pakistani market
KARACHI: The auto industry is transforming at unparalleled speeds and is converting technology from fossil-fuel based vehicles to electric motor engines to...