FPCCI asks government to reduce minimum tax rate

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in their budgetary proposals has urged the Federal Board of Revenue (FBR)...

Cabinet approves tripartite MoU between Pakistan, China in transport sector

ISLAMABAD: The federal cabinet on Thursday approved signing of tripartite memorandum of understanding (MoU) between National Transport Research Center, Pakistan and China...

Rana Afzal seeks opposition support for evolving charter of economy

ISLAMABAD: Minister of State for Finance, Revenue and Economic Affairs Rana Muhammad Afzal Khan on Thursday sought support from the opposition for...

IMF director discusses CPEC’s impact on Pakistan’s economy

BEIJING: The International Monetary Fund's (IMF) Director, Jihad Azour called on the Minister for Interior and Planning, Development and Reform, Ahsan Iqbal, on Thursday...

Deals worth $75m finalised at agri expo to bolster Pakistan’s economy

KARACHI: Balochistan Economic Forum's President, Sardar Shaukat Popalzai has hoped that foreign investment would reach Pakistan during the next seven years and...

USAID launches ‘Challenge Fund’ to support local SMEs, entrepreneurs

ISLAMABAD: The United States Agency for International Development (USAID) has launched the Challenge Fund in order to support the growth of small...

Pak, UK have strong potential to boost trade

LAHORE: Further strengthening of trade and economic relations with United Kingdom should be the corner stone of Pakistan’s foreign policy as this...

Country’s largest fuel farm inaugurated at new Islamabad airport

ISLAMABAD: Adviser to Prime Minister on Aviation Division Sardar Mehtab Ahmed Khan on Thursday inaugurated Pakistan’s largest and most advanced Fuel Farm Facility at the...

FBR selected 44,868 tax cases through parametric computer ballot

ISLAMABAD: The Federal Board of Revenue (FBR) has selected 44,868 tax cases through parametric computer ballot on Thursday. Parametric computer ballot as per Audit Policy...

Growers of tobacco threaten to stage sit-in in Islamabad on April 24

ISLAMABAD: The Anjuman-e-Tahfuzi Hoqiqi Kashtkaran and the Dealer Association Khyber-Pakhtunkhwa (KP) have threatened to stage a sit-in in the federal capital on April 24 if...

Car assemblers come under fire for price increases, low standards, and cartelisation

ISLAMABAD: As the Competition Commission of Pakistan (CCP) organised a public hearing on complaints against car assemblers in the country here on Thursday,...

Better connectivity leads to stronger markets, increased demand: Ahsan Iqbal

ISLAMABAD: While speaking about the global economy, Federal Minister for Planning, Development and Reform, Ahsan Iqbal said that undermined economies in the world...

OPEC sees oil markets tighten further even as US shale booms

LONDON: The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply...

Auto sales increase by 22pc for 9MFY18

KARACHI: Auto sales increased by 22 per cent despite a surge in car prices due to rupee devaluation for the first nine...

Assets of Islamic banks up 9.1pc

KARACHI: During the last quarter of 2017, Islamic banking industry’s assets grew 9.1 per cent (Rs189 billion) to Rs2.272 trillion, compared to Rs2.083...