‘Expert’ group expected to lead state-owned PSM’s revival
ISLAMABAD: Although Pakistan Steel Mills' (PSM) Board has yet to give the approval for the formation of an expert group of private...
Foreign investment takes a dip, down 26.2 per cent
According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.
Vintage cars exempt from import tax, to be taxed at $5,000 flat
Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.
MoC finalises Trade Dispute Resolution Act 2018 draft
TDRC aims at swift and effective resolution of domestic and international trade disputes
Chairman Bank Alfalah commits investment in digital, stays ambiguous over reports of potential sale
Bank Alfalah Limited Chairman Sheikh Nahayan Mabarak Al Nahayan neither confirmed reports regarding the sale of Bank Alfalah nor denied them while committing further investments in the IT and digital arm of the bank.
Court appoints PwC, Deloitte as joint liquidators for Abraaj
Dubai-based Abraaj Holdings said on Tuesday a court in the Cayman Islands has ordered to appoint PwC as provisional liquidators of Abraaj Holdings and Deloitte as provisional liquidators of Abraaj Investment Management Ltd.
Pakistan Banao Certificate targeting overseas Pakistani’s to be launched on 31st January
According to details shared by the Finance Minister Asad Umar, the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return
OGRA revokes Rs566 mn penalty on Pakistan LNG Limited
Following reports of alleged pressure by former prime minister Shahid Khaqan Abbasi to revoke OGRA’s decision, OGRA has finally decided to cancel the RS560 million penalty placed on PLL for cancelling the import of four LNG cargoes to the country, and pass it on to consumer.
New aviation policy to be forwarded for approval to federal cabinet next month
The aviation secretary said the new policy would provide more facilities and procedures would be eased to attract more airlines to Pakistan
PIA incurs losses as half a dozen aircraft grounded: Report
Moreover, the state-owned airline is already losing millions every month under the ambit of rent of two grounded ATR aeroplanes which have been procured on dry lease
Why your LUMS and IBA degrees will not land you a job
Consider the following thought experiment: what would it take for a company to replace Google as the default search engine to the...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0...
Market Daily: Indices make a comeback, gain 484 points
Foreign investors were net buyers, at last, and the market posted return of 1.15 per cent or 484 points in a single day, closing at 42,623 index level.
Is Ernst & Young about to exit Pakistan?
Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with...
Zameen.com’s parent company now has $100 million more to invest
DUBAI: Emerging Markets Property Group (EMPG) has raised $100 million in a Series D funding led by KCK Group and eight other...