PAC urges apex court to take action against KASB merger
PAC is the fourth institution following NAB, AGP, SHC to call the BankIslami-KASB bank merger into question
Provinces seek ten year tax break for oil and gas companies
ISLAMABAD: A ten-year tax break has been solicited by all provinces on their Provincial Holding Oil and Gas companies (PHCs) in the...
FBR contemplates abolishing incentive on overseas loans
KARACHI: The tax regulator is contemplating to abolish an incentive given to banks on advances through their foreign branches.
According to sources in...
Barclays, PayPal announce partnership, as big banks mull big tech threat
LONDON: British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their...
Following ZTE, Huawei faces investigation for violation of U.S sanctions
NEW YORK/LONDON: U.S. prosecutors in New York have been investigating whether Chinese tech company Huawei violated U.S. sanctions in relation to Iran,...
Standard Chartered Bank to play key role in second phase of CPEC
ISLAMABAD: Standard Charter Bank (SCB) on Wednesday announced to play a key role in the second phase of the China-Pakistan Economic Corridor...
ZTE stops rendering services to Pakistani telecom companies: Report
ZTE's future projects in Pakistan remain mired in uncertainty, its shares trading remains suspended on Hong Kong Stock Exchange and it delayed the announcement of its Q1 2018 earnings to a later date
USAID-supported expo showcases cutting-edge energy research by Pakistani scholars
ISLAMABAD: The United States Agency for International Development (USAID) Director of the Office of Education in Pakistan Dr Christopher Steel, joined senior...
Textile value-chain on priority in federal budget 2018-19: Pervaiz Malik
LAHORE: Federal Commerce Minister Pervaiz Malik on Wednesday assured that textile value chain was topmost priority in federal budget 2018-19.
Addressing an International...
NPPMC penalises two firms over production delays in Punjab’s power plants
ISLAMABAD:Â The National Power Park Management Company (NPPMC) has imposed a Rs12 billion penalty on two Chinese firms owing to five months delay...
NTC to build Pakistan’s first ‘G-Cloud’
ISLAMABAD: VMware Inc, a leading innovator in enterprise software, signed an agreement with the National Telecommunications Corporation (NTC). The agreement will enable...
CCP imposes Rs5m penalty on Reliance Paints for price-fixing, downstream cartelisation
KARACHI: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs5 million on Reliance Paints Pakistan for fixing a minimum...
Finance ministry all set to put an end to three-tier pricing structure on cigarettes
Press release by a large tobacco company claims that FBR will retain the current three-tier pricing structure
Market Daily: Investors in dire need of positive triggers, KSE100 sheds 158.36pts
LAHORE: The Pakistan Stock Exchange (PSX) saw a weal session of trading before Economic Survey 2017-18 is unveiled on Thursday. It was...
ADB, partners review financial preparedness for disaster response in Pakistan
ISLAMABAD: The Asian Development Bank (ADB), the Department for International Development (DFID) of the United Kingdom, and German development cooperation through KfW...