Profit repatriations increase to reach $2.1b during FY 2016-17
Karachi: An increase in profit repatriations have been reported again, as foreign entities have sent $2.1b in dividends and profits abroad during...
Readymade garments exports increased by 5.55pc during FY 2016-17
Islamabad: Readymade garments exports from the country during previous financial year (2016-17) increased by 5.55 percent as compared to corresponding period of...
OGRA unable to reach agreement with Oil Tankers Association
Karachi: Negotiation between oil tanker owners and the government has failed as both parties failed to reach an agreement. Earlier on Tuesday, queues...
Escort Investment Bank acquired by Bahria Town for Rs1
Karachi: Escort Investment Bank Limited and its brokerage house has been acquired for a paltry sum of Rs1 by real estate lynchpin...
Nepra approves reduction in power tariff of Rs 2.23 per unit
Islamabad: National Electric Power and Regulatory Authority (NEPRA) today approved a power tariff reduction of Rs2.23 per unit for June on account...
Mobile phone imports fell 5.78pc during FY 2016-17
Islamabad: The import of mobile phones during fiscal year 2016-17 fell by 5.78 per cent as compared to same period the previous...
PSO makes payment for its short-term borrowings
Karachi: State owned oil giant, Pakistan State Oil (PSO) on Monday said it had disbursed payments for its short-term borrowings on account...
Pharmaceutical industry asks govt to extend serialization deadline
Karachi: In a press release issued on Monday, the Pakistan Pharmaceutical Manufacturers Association (PPMA) has requested the Drug Regulatory Authority of Pakistan...
Ministry of Industries sends summary to PM opposing EDB closure
Islamabad: Prime Minister Nawaz Sharif has been sent a summary by the Ministry of Industries via the Ministry of Finance to annul...
USAID distributes mango graders worth $750,000 to farmers
Islamabad: USAID under its US Pakistan Partnership for Agricultural Development Programme has distributed 13 mango graders worth $750,000 among the mango farmers...
Urea manufacturers urge government to issue subsidy notification
Karachi: Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) on Monday threatened the government that they will stop production of the commodity until...
Domestic oil production rises by 3pc
Karachi: A research study from Topline Securities on Monday revealed that Pakistan’s oil production had recorded a 3pc increase during 2016-17 rising...
Farmers affected as fertilizer subsidy yet to be notified
ISLAMABAD
The federal budget was passed on June 13 and was supposed to be followed up by issue of various SROs by FBR...
Resolution seeking Tariq Bajwa’s removal as SBP governor submitted in Senate
ISLAMABAD: A resolution seeking removal of  State Bank of Pakistan (SBP) Governor Tariq Bajwa was submitted in the Senate on Monday.
The resolution...
RCCI, Chinese association sign MoU
RAWALPINDI: Overseas Chinese Association of Pakistan (OCAP) has signed a memorandum of understanding (MoU) with Rawalpindi Chamber of Commerce and Industry (RCCI).
OCAP...