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
Water scarcity fuels crisis for sowing of Kharif crops
Punjab like Sindh is facing a dire shortage of irrigation water as the stake of all Kharif crops is under threat in both provinces.
K-Electric applies for changes in generation licence, seeks addition of RLNG as alternative fuel
K-Electric’s available generation capacity stands at 1,902 megawatts out of which 913-megawatt gas dependent and needs 180 mmcfd of gas
Haroon asks opposition not to politicise budget
ISLAMABAD: Brushing aside the opposition's demand for clamping economic emergency, Special Assistant to the Prime Minister on Revenue Haroon Akhtar Monday called...
FBR turned down health ministry’s proposal to increase cigarettes prices
ISLAMABAD: The Federal Board of Revenue (FBR) straightaway rejected the Ministry of National Health Regulation Authority’s proposal’ to soar the cigarettes price...
HBL appoints new President and CEO
KARACHI: Habib Bank Limited (HBL), the largest bank in Pakistan has announced that Muhammad Aurangzeb has joined the bank as the President and...