Vast potential for economic cooperation with Pakistan: Japanese ambassador
ISLAMABAD: The Japanese Ambassador to Pakistan, Takashi Kurai has said that there exists a vast potential of economic cooperation between Pakistan and Japan.
Speaking at an...
FBR for AEO programme to boost trade
In order to remove the hurdles in cross-border trade, Federal Board of Revenue (FBR) has decided to make rules regarding the Authorised Economic Operator (AEO) programme.
Circular debt touches staggering levels, crosses Rs1 trillion
Official documents disclosed during the first nine months of the financial year 2017-18, over Rs60 billion worth of electricity was stolen
Punjab misses wheat procurement target, purchases 3.62 million tons
Office bearers from several farmers’ organizations have blamed the food department for not having started procurement campaign by mid-April
Chemical industry seeks government assistance to establish petrochemical complex
Pakistan doesn’t possess a single cracker complex which made its downstream industry hugely dependent on imports, said Kidwai
Oil industry gets its wish, petrol & diesel profit margins jacked up
The Federal Board of Revenue’s (FBR) inability to formulate a mechanism for general sales tax (GST) collection under a deregulated system, allowed the oil industry to get these margins revised in line with an old Consumer Price Index (CPI) based formula
Nepra chastises NTDC for recurring power failures
NTDC was granted permission by Nepra to invest Rs96.63 billion in the last three years to enhance dependability of the transmission network
Global LNG-Asian prices continue climb towards double digits
Spot prices for July LNG-AS delivery in Asia were at $9.80 per million British thermal units (Btu) this week, up 20 cents from the previous week.
CPEC has changed the dynamics of Pakistan’s business & economic landscape
According to China Overseas Ports Holding Company (COPHC), Gwadar port's operator, some 20 companies in different businesses have already joined the Gwadar free zone with direct investment of 3 billion Chinese yuan (over 460 million U.S. dollars)
Belt & Road initiative could increase global trade by 12 percent: Report
ING’s report says countries in Central Asia and Eastern Europe would gain the most from BRI, however, benefits would be contingent upon where trade costs decrease
ZTE averts closure, agrees to pay $1 billion fine and management revamp
Under the new agreement, ZTE must also retain a compliance team selected by the Commerce Department for 10 years. The company already has a U.S. court-appointed monitor
Oil prices stable but increasing US supply looms
Brent crude futures, the international benchmark for oil prices, were at $77.24 per barrel at 0317 GMT, a notch below their last close
Caretaker PM directs petroleum ministry to develop strategy for meeting rising energy demand
As local gas production dwindles, LNG requirement which presently is recorded at 1,000 million metric cubic per day (mmcfd) is forecast to touch 3,600 mmcfd by 2030
Pakistan, Russia ink MoU to conduct feasibility study for undersea gas pipeline
The FO spokesman said both the countries had finalized several proposals in the energy sector which included laying of the North-South Gas Pipeline, LNG import from Russia, installation of air-mix plant and setting up a 600MW combined cycled power plant
Prices of petroleum products to remain unchanged
GST on petrol has been decreased to 7 percent from the previous 17 percent. The tax regular has also decreased the GST rate on kerosene from 12 percent to 7 percent