Exporters not following packaging standards for mango exports
ISLAMABAD: With the commencement of mango exports from May 12, registered exporters have complained that mangoes are largely being exported without following the...
FBR raises RD to promote import substitution
KARACHI: The Federal Board of Revenue (FBR) has issued a new SRO named as “S.R.O. 640 (I)/2018”, where the Regulatory Duty (RD) on...
Samsung to pay $539 million to Apple in patent retrial
Apple this year told jurors it was entitled to $1 billion in profits Samsung made from selling infringing phones, saying the iPhone’s design was crucial to their success.
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
IMF to incorporate Islamic finance to market surveillance in 2019
Islamic finance, which bans interest payments and pure monetary speculation, is estimated to have over $2 trillion of assets globally and is offered in over 60 countries, according to the IMF
Oil prices dip, as Russia hints it may gradually raise output
U.S. crude oil production has risen by more than a quarter in the last two years, to 10.73 million barrels per day (bpd)
Noor Financial sells 2.49 percent stake in Meezan Bank to foreign investors
Earlier this month Noor Financial Investment Company (Noor) had sought State Bank of Pakistan’s (SBP) approval for divestment of 9.59 percent of its 49.1 percent stake in Meezan Bank Limited
Turkmenistan set to secure funding for TAPI gas pipeline
The Central Asian nation is building the Tapi pipeline to diversify its gas exports, which have mostly gone to China
Imported RLNG share in power production rises to 27 percent for April
Power generation from natural gas exhibited a fall in April, touching 16 percent in April against 21 percent in March and 24 percent in February
Nepra approves Rs6.5 billion refund for April to power consumers
Nepra disagreed to the computations of the power companies and rejected some adjustment claims and determined the decrease at 62-paisa per unit
Fatima Energy seeks PM nod for interim tariff approval
In February, it was reported a four-member committee had been established by cabinet division to investigate misconduct in inter-changeability of Fatima Energy Limited from co-generation policy to an IPP
ECC permits Rs50 billion loan for decreasing circular debt
ECC agreed to approve a levy of a debt imposition surcharge on power consumers amounting in the range between Rs1.15 to Rs1.75 per unit to recover the cost of loans procured parked in PHPL
Dollar spikes to Rs118.7 in kerb market amid supply constraints
KARACHI: The State Bank of Pakistan’s stipulation for submission of identification proof before buying and selling of foreign currency more than $500...
Government considering new framework for bilateral trading of electricity
CTBCM envisages enabling an environment to draw investments based on credit cover given by market participants and with no government need of giving sovereign guarantees.
Work on CPEC to continue at same pace with next govt: Miftah
ISLAMABAD: Finance Minister Miftah Ismail has said that there is a national consensus on the China Pakistan Economic Corridor (CPEC) project and...