Pakistan’s first beachfront housing project launched in Gwadar
KARACHI: With a surging demand for real estate in Gwadar because of the China-Pakistan Economic Corridor (CPEC), a local company, Eiwan, on Thursday launched...
NEPRA increases electricity prices by Rs2.04
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has made three electricity surcharges permanent, increasing the power prices by Rs2.04 per unit.
Earlier, the per...
Foreign reserves decline by $174mn
Karachi: Foreign reserves held by the State Bank of Pakistan (SBP) decreased by $174 million to $11,602 million during the week ended March 30,...
TDAP to take part in home textile fair in Shanghai
KARACHI: Trade Development Authority of Pakistan (TDAP) will participate in a home textile fair to be held in Shanghai from August 30.
Intertextile Shanghai...
Philip Morris shifts entire capacity of its cigarette factory to smoke-free products
KARACHI: Philip Morris International (PMI) announced that the factory of its Greek affiliate Papastratos in Aspropyrgos, has ceased cigarette production and is...
Swiss bank whistleblower arrested in Spain
MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...
DGTO to hold consultative session on capacity building
ISLAMABAD:Â The Directorate General of Trade Organisations (DGTO) of Ministry of Commerce and Textile in collaboration with Licensed Trade Organisations of Pakistan will...
Bahrain discovers an estimated 80 billion barrels of tight oil
MANAMA: A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the...
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...