Late night dining out: Punjab minister suggests 25pc “luxury tax” on luxury hotels/restaurants
LAHORE: A 25pc luxury tax has been proposed to be enforced on high-class restaurants and hotels catering food to the elites after...
Post-penalty HBL reports hefty loss of Rs14.122 billion for July-September quarter 2017
KARACHI: In a notification sent to the bourse on Friday, Habib Bank Limited announced its quarterly earnings for July-September of financial year...
Oil prices inch upwards due to signs of tightening supplies
SINGAPORE: Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China...
Islamic Development Bank to use blockchain for development of Sharia-compliant products
RIYADH: The research arm of the Islamic Development Bank plans to use blockchain technology to develop sharia-compliant products, aiming to support...
Fee payment row impedes start of operations at second LNG terminal
ISLAMABAD: As fee payment row rages on between Fatima Fertilizer and Sui Southern Gas Company (SSGC), Pakistan LNG Terminal Limited is mulling...
Sliding forex reserves: Pakistan obtains $450m loan from Credit Suisse
ISLAMABAD: To support dwindling foreign exchange reserves, Pakistan has borrowed $450m on a short-term facility from a Credit Suisse led consortium of...
With an eye on elections, govt speeds up heavy spending on development projects
-- CDWP sanctions 31 projects worth Rs 360 billion
-- 12 mega projects valuing Rs 342 billion referred to ECNEC
-- Govt holds second...
Over-billing, wrong meter reading not tolerable, strict action required: Leghari
ISLAMABAD: Power Division Federal Minister Sardar Awais Ahmed Khan Laghari has said that over-billing, fake billing and wrong meter reading are not...
DRA napping as spurious drug sales continue unabated
Islamabad: Drug Regulatory Authority (DRA) has asked the provincial authorities to furnish an investigation report to take legal action against M/s Everest...
Oil prices steady as tensions in Middle East continue
Singapore: Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production...
ICAP accords PSO number 1 rank in its list of top 100 companies
Karachi: Institute of Chartered Accounts of Pakistan (ICAP) has selected Pakistan State Oil (PSO) as the number one company in its top...
PSM agrees to exchange 5,774 acres land for settling its debts
Islamabad: Pakistan Steel Mills woes worsened further as it was reported that its two largest creditors, National Bank of Pakistan and Sui...
Senate body criticises FBR for not being able to audit telecom sector
ISLAMABAD: Members of Senate Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control strongly criticised the Federal Board of Revenue (FBR)...
CCP issues show cause notices to fabric companies for deceptive marketing practices
ISLAMABAD: The Competition Commission of Pakistan (CCP) Tuesday issued show cause notices to eight fabric and packaging companies for deceptively using the registered trademark...
Water filling in Neelum-Jhelum hydropower project’s reservoir commences
Islamabad: The strategically important 969 MW-Neelum Jhelum Hydropower Project (NJHP) achieved a major milestone on Tuesday as water filling has been started in the...