Super-tax may erode 7 percent of bank earnings in 2018: Report
HBL and UBL could be severely impacted due to the recent upsurge in loan losses on their foreign books and lower coverage, said Taurus Securities
Haroon disregards calls for ‘economic urgency’ amid post-budget backlash
ISLAMABAD:Â Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar Khan has hit out at the opposition for glossing over the...
50-Megawatt Jhimpir Power starts commercial operations
Jhimpir Power, Burj Capital’s first project, in its 500MW renewable asset platform in Pakistan achieved commercial operations with plant inauguration held by Burj Capital officials on Wednesday.
Govt to provide billions in tax exemption to Chinese companies
ISLAMABAD: While rejecting the Senate Standing Committee on Finance's recommendation to withdraw the tax exemptions given to Chinese companies, the tax department...
CDWP approves 31 projects worth Rs713 billion
Central Development Working Party (CDWP) under the chairmanship of Planning Commission Deputy Chairman Sartaj Aziz on Wednesday approved 31 projects worth Rs713 billion and referred 8 projects worth Rs694.88 billion were referred to ECNEC for further action.
PAC summons FBR chairman over reduction in tax collection from tobacco sector
ISLAMABAD:Â The Federal Board of Revenue (FBR) has retained the third slab of federal excise duty (FED) on cigarette prices and sat aside...
PIAF rejects hike in oil prices
LAHORE:Â The Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has condemned the government for increasing prices of petroleum products...
World Bank recommends 7pc growth rate, govt targets 6.2pc for FY19
LAHORE: In the Global Economic Prospects published in January 2018, World Bank recommended that Pakistan should aim for a 7 per cent...
Pakistan’s macroeconomic outlook, weak balance of trade, and current account deficit
LAHORE: As a country divided over its economic policies, embroiled in political infighting and flaky governance along with a longstanding trend of...
Auto sector concerned, as government dissolves EDB
As the government has finally decided to dissolve the Engineering Development Board (EDB), not only the existing assemblers but also the new entrants in the auto sector have voiced their concerns regarding the decision without prior arrangements of a substitute.
Shadow banking grows in Abid market, as conventional banks fail
Numerous shops in Abid Market that provide electronic products on instalments to interested consumers, charge markup rates as high as 30 to 40 per cent in some cases. However, despite such high markup rates, a large number of consumers daily flock to the market to buy electronics on instalments.
US postpones imposition of metal tariffs on EU, Canada & Mexico
US has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday.
Oil prices rise, buoyed by Iran sanction worries
London Brent crude for new July delivery was up 21 cents at $74.90.
Three provinces reject to provide subsidies for prioritized SEZs
Provinces originally gave consent to provide a subsidy for the special incentive package but some now had refused to provide it.
TAPI pipeline to be laid by 2019, as accelerated plan gets go-ahead
Gas will be supplied into the pipeline by Turkmenistan in absence of compressors and its diameter is set to be 56 inches, hence 1/3rd of gas flow will be available in the first phase