Power supply to reach 26,000MW by next year, PM told
ISLAMABAD: Prime Minister Imran Khan was informed on Wednesday that for the first time in the country’s history, the target of 23,000 megawatts...
Govt to surpass 2.4pc growth target, says finance adviser
Hafeez Shaikh says govt expects to generate Rs800bn in non-tax revenues
Says overall CAD reduced by 73pc due to considerable increase...
‘Govt to formulate comprehensive e-vehicle policy’
Adviser to Prime Minister on Commerce, Industries & Production Abdul Razzaq Dawood has said that the Ministry of Industries & Production will...
Asia’s growing coal use could negate global climate change progress: UN
BANGKOK: Asia's heavy and expanding reliance on coal power risks cancelling out global progress towards preventing catastrophic climate change, a top United Nations...
August inflation accelerates to 10.49pc
ISLAMABAD: The Consumer Price Index (CPI)-based monthly inflation grew by 10.49pc in August 2019, as compared to the same month of last...
ECC approves simplification of tax regime for non-resident companies
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved separate proposals for the simplification of tax regime for non-resident companies investing...
Stocks stage comeback as KSE-100 ends 435 points higher
KARACHI: After a rough start to the trading session on Wednesday, the Pakistan Stock Exchange (PSX) managed to stand its ground and closed...
Govt raises cost limit for gasification schemes from Rs50m to Rs300m
ISLAMABAD: The government has increased the cost limit for undertaking gas schemes from Rs50 million to Rs300 million and has also changed guidelines...
FBR releases sales, income tax refunds worth Rs23.7bn
The government has released sales tax refund of Rs22 billion and income tax refund of Rs1.7 billion, Federal Board of Revenue (FBR)...
Symposium highlights need to promote behavioural economics in Pakistan
LAHORE: Punjab Finance Minister Makhdum Hashim Jawan Bakht said on Tuesday that the government has developed a new organogram for Punjab province to...
Steel producers voice against higher import tariff on unserviceable auto parts
ISLAMABAD: Representatives of the steel-producing companies, which are facing multiple issues regarding import of raw materials, have voiced against the imposition of...
Govt receives licence renewal fee from two telecos
The government has received a payment of $224.6 million from Telenor and Rs35.262 billion from Jazz as partial settlement of the licence...
Only borrowed Rs3.44tr to finance budget deficit, MoF clarifies
ISLAMABAD: The government only borrowed Rs3.44 trillion to finance its budget deficit during the financial year 2018-19 (FY19) while the figure of Rs11...
Urea offtake likely to surge 43pc in Aug
ISLAMABAD: Urea sales in Pakistan during the month of August 2019 are expected to jump by 43pc to 616,000 tonnes on a yearly...
Pound strikes near three-year dollar low on Brexit turmoil
The British pound tumbled Tuesday to the lowest level against the dollar in almost three years, as the UK faces a possible...