Govt waives off 15% income tax on loans acquired to support forex reserves
The federal cabinet has waived off 15% income tax on profit that foreign banks are earning on lending about $2.5 billion to...
BoI launches ‘Doing Business Plan’ to improve country’s global ranking
ISLAMABAD: Board of Investment Secretary Samaira Nazir Siddiqui on Wednesday said that Board of Investment (BOI) in consultation with all stakeholders has launched...
5,407 MW additional electricity being added in system: Abid
ISLAMABAD: Minister of State for Power Chaudhry Abid Sher Ali Wednesday said that around 5,407 megawatts (MW) additional electricity would be added...
‘Privatisation Commission’s dismal capacity, lack of experience derailed privatisation agenda’
LAHORE
Dismal capacity and lack of experience with Privatisation Commission, besides overambitious agenda of privatisation for opening up fiscal space to expand social...
Japan provides $ 24 million for Islamabad-Burhan Transmission Line
Japan and Pakistan on Thursday signed a loan agreement worth $24 million for the first phase of implementation of Islamabad-Burhan Transmission Line...
NEPRA reserves decision on Rs 1.83 per unit hike in electricity tariff under FCA of August
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has reserved its decision on Rs 1.83 per unit increase in the power tariff on...
New SME policy to provide Rs6 billion for solar, hydro, wind energy projects
KARACHI: The government has made Rs6 billion available at a subsidized rate of 6 percent for renewable energy projects for hydro, solar,...
Finance ministry to consider tax proposals related to IT and Telecom sector
ISLAMABAD: Advisor to the Prime Minister on Finance, Dr Miftah Ismail has said that the annual budget related proposals for IT and telecommunications...
Rs659.5 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs659.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
FPCCI urges FBR to reduce tax rates to utilise competitive edge of indigenous products
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed to the Federal Board of Revenue (FBR) to reduce...
Punjab govt spent hefty amount for increasing yields: DC
SIALKOT: Sialkot Deputy Commissioner Dr Farrukh Naveed said on Wednesday the Punjab government had spent billions of rupees under various schemes to...
NEPRA makes power tariff more expansive by Rs 1.15/unit for all power consumers
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has jacked up the power tariff by Rs 1.15 per unit for all the power...
PPIB pondering slapping fines on delayed execution of Thar coal power projects
ISLAMABAD: A board meeting of Private Power and Infrastructure Board (PPIB) held on Wednesday is pondering to slap liquidated damages on delayed...
Oil prices climb over escalating worries of supply shortages
Brent crude had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday
Textile exports expected to grow with rupee devaluation
KARACHI: Following the rupee depreciation, textile sector, having around 60 per cent share in total exports, is expected to be its key...