Waiving taxes, duties on cotton imports to cost Rs29 billion to national exchequer: Report

This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries

Finance ministry reviews matters related to FATF meetings

ISLAMABAD: The Finance Minister, Dr Shamshad Akhtar, in the wake of Financial Action Task Force (FATF) Plenary meeting in Paris, here on Friday chaired a meeting...

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...

A strong comeback: KIA launches Frontier K2700 pickup truck in Pakistan

In a short time, more KIA dealerships will be opening up across Pakistan, says KIA CEO

Petrol prices up by Rs4.26, Diesel by Rs6.55

Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.

Foreign reserves plunge to four-year low after 4.4 per cent drop

Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million

Local software company prefers hiring ‘non-hijabi’ employees

The company had listed a vacancy for an IT Intern on jobs portal Rozee.pk, wherein the "requirements" section, it stated that "an ideal candidate must be willing to wear business attire without an abaya, veil or scarf"

Amazon eyes expansion in Pakistan, eager to capture e-commerce market

Amazon officials have also ensured that every effort would be made to make the process of selling on Amazon easy for Pakistani nationals.

Kia Lucky Motors targeting commercial production by 1st quarter FY19-20

KLM has opened company owned /third-party operated dealerships in some of the metro cities of Pakistan

PepsiCo mulls investing $1bn in Pakistan

PepsiCo plans to invest in a potato unit in Multan and the company wants Prime Minister Imran Khan to inaugurate it ISLAMABAD: PepsiCo...

Is the mini-budget a ruse?

Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy

Rice exports record $1,889b, up by 29.15pc from last year

ISLAMABAD: An increase of 29.15 per cent in rice exports was registered during 11 months of the current fiscal year as about...

Pakistan inflation soars to 7.19% in January year-on-year

Rising liquefied natural gas and electricity prices, as well as a spike in tomatoes, garlic and medicine, were the main reason behind the January month-on-month inflation rise

How a 30 year old became a media tycoon

Deep into the winding, messy streets of a Lahore township, on one end of a broken road stands a building five stories...

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.