97.5 percent work concluded on Neelum-Jhelum Hydropower project
ISLAMABAD: Over 97.5 per cent work has already been completed on the strategically important 969 MW Neelum Jhelum Hydropower Project and its wet...
Brent crude touches 2018 low, as oil prices ease
SINGAPORE: Oil prices eased on Thursday, taking Brent crude to a 2018 low, as soaring U.S. output undermined OPEC’s effort to tighten...
WAPDA’s debt surged 331pc by end of December 2016: SBP
KARACHI: A recently released report by State Bank of Pakistan revealed Water and Power Development Authority (WAPDA), debt surged by 331 percent,...
Fatima Energy to be investigated for receiving “special favours”
Islamabad: A four-member committee has been established by cabinet division to investigate misconduct in inter-changeability of Fatima Energy Limited from co-generation policy...
FBR squashes telecom company proposal to resolve tax dispute
ISLAMABAD: Telecom companies scheme to resolve tax disputes via Alternative Dispute Resolution Committees (ADRCs) has been outright rejected by Federal Board of...
Oil hits one-month low after US inventory build
NEW YORK: Oil prices fell to a one-month low on Wednesday, after United States (US) data showed an unexpected build in refined products,...
Finance adviser chairs meeting to review progress of development projects
ISLAMABAD: Adviser to Prime Minister on Finance Dr Miftah Ismail, here on Wednesday chaired a meeting to review the progress of various projects...
Sindh in dire need of consumer courts: Hamid Maker
KARACHI: Despite Sindh Assembly approving the Sindh Consumer Protection Act 2014 which was later signed by the governor and gazetted in 2015,...
PSMA rejects controversial tax concessions to CSCECL
KARACHI: The SRO issued to benefit the import material of China State Construction Engineering Corporation Limited (CSCECL) has been criticised by a number...
FBR to submit reply today in PHC over tax reduction on cigarettes
ISLAMABAD: Federal Board of Revenue (FBR) is set to submit its reply today in Peshawar High Court (PHC) over an amendment in the...
Pakistan to suffer severe LPG crisis if advance tax, regulatory duty not resolved
ISLAMABAD: All Pakistan LPG Distributors Association (LPGDA) Chairman Irfan Khokhar Tuesday underlined the need for withdrawal of 5.5 per cent advance tax...
EU ban on Indian basmati rice provides opportunity for Pakistan
KARACHI: After a ban imposed by the European Union (EU) on the import of Indian basmati rice, there is a great opportunity for...
Pak pharma industry suffers from government’s shackles
A thriving sector in Pakistan’s economy, pharmaceuticals is a $3.2 billion industry, growing at 15% annually, while its exports now at $US200...
Byco successfully begins operations at reformer of oil refining complex
LAHORE: A bourse notification filed Tuesday by Byco Petroleum disclosed operations at its reformer of oil refining complex Il (ORC Il) have...
Oil prices tumble 1 percent, as global financial markets turbulent after rout
SINGAPORE: Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled...