Govt considering proposal to tax ‘gifts’ among non-family members
LAHORE: A tax to be levied on gifts given to non-family members by taxpayers is under the federal government's consideration, reported a...
Govt decreases borrowing from SBP
LAHORE: Government's borrowing from State Bank of Pakistan (SBP) was lower at the end of the third quarter of the current fiscal...
Pakistan delays FTA with China amid concerns raised by local industry
LAHORE: The federal government, amid demands from the local business community, has delayed the second phase of the Free Trade Agreement (FTA)...
Cement prices increase amid low period of demand ahead
LAHORE: Cement makers are taking a seventh consecutive leap of increases in prices, especially in the North, amid a period of low demand ahead,...
Telecom sector continues growth as mobile broadband users reach 51 mn
ISLAMABAD: Pakistan has seen a dramatic increase in the usage of mobile broadband as mobile broadband subscribers have reached a total of...
Tax rates for banks should be reduced in 2018-19: PBA
KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the...
Mega Conglomerate to launch Rs10 bond, expects its value to reach Rs1mn in five years
LAHORE:Â Mega Conglomerate Private Limited (MCPL) Chairman Habibullah Khan, in an interview with Profit recently, announced his plans to launch a Mega bond.
The...
FBR’s third tax slab and enforcement drive hurts illicit tobacco
PESHAWAR:Â The policy from the Federal Board of Revenue (FBR) to introduce a third tax slab for cigarettes and step up its enforcement...
Pakistan’s largest private power producer has a new chairman & he plans to bring energy prices down to one third
LAHORE: As power prices surge in the country, Hubco Board Chairman, Habibullah Khan plans to provide electricity slightly above one-third of the...
Cement industry registers highest ever dispatches in March
Karachi: Pakistan's cement exports increased by a whopping 85 per cent while recording highest ever dispatches in the month of March, All Pakistan Cement...
Power sector to get another Rs50bn to smooth supply
LAHORE: The federal government in a bid to ensure uninterrupted energy supply during the upcoming summer and the holy month of Ramazan,...
Chinese investors seek business in local ceramics sector
LAHORE: A Chinese delegation from the city of Zibo has expressed keen interest to have joint ventures in the ceramics sector of...
Gold imports up 27.81 pc in 7 months
ISLAMABAD: The import of gold during the first seven months (July-February) of the current fiscal year has increased by 27.81 per cent...
FBR urged to reactivate Alternative Dispute Resolution Committee (ADRC)
KARACHI:Â The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its pre-budget proposals, has urged the government to reactivate the Alternate...
Rupee devaluation contained, power crisis to be solved via privatisation: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance Miftah Ismail has said what we were to do about the devaluation of rupee, we...