‘Fair taxation system imperative to make Pakistan an equitable society’
Shabbar Zaidi says policies of previous govts made Pakistan a trading state instead of a semi-manufacturing state
ISLAMABAD: Federal Board of Revenue...
Toyota, China’s BYD team up to develop battery EVs
TOKYO:Â Toyota Motor said it would develop battery electric vehicles (EVs) and batteries with BYD Co Ltd, in a sign it was ramping...
PIA must upgrade IFE system to survive among regional rivals
Modifications to any aircraft system, including inflight entertainment (IFE), by a person not authorised to do so by the European Union Aviation...
PepsiCo buys Pioneer Foods for $1.8bn in Africa push
JOHANNESBURG: US beverage and food giant PepsiCo has agreed to buy South Africa's Pioneer Foods for about 24.4 billion rand ($1.8 billion),...
Pakistan lost $50m from airspace restrictions: minister
KARACHI:Â The aviation minister has said that Pakistan suffered loses of over Rs8 billion ($50 million) from airspace restrictions imposed since February which...
BMW, Tencent to open computing centre in China for self-driving cars
BEIJING: German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing centre in China that...
Govt released 18pc extra funds for CPEC projects in FY19, Senate told
ISLAMABAD:Â Planning Secretary Zafar Hassan on Friday informed the Senate's Standing Committee on Planning and Development that the government had spent 18pc extra...
France provides €50.2m loan for Chitral, Dargai hydropower plants
ISLAMABAD: Economic Affairs Division Secretary Noor Ahmed, Ambassador of France to Pakistan Marc Barety and French Agency for Development (AFD) Country Director...
KSE-100 shrugs off early losses to close 149 points higher
KARACHI:Â Indices of the Pakistan Stock Exchange (PSX) which opened the session in the red on Friday managed to change its course later...
WB team visits LCCI to think up ways for agri development
LAHORE: A four-member of the World Bank's Strengthening Markets for Agriculture & Rural Transformation in Punjab (SMART) programme called on Lahore Chamber...
Italian, Chinese majors vie in Pakistan’s mega LNG tender
LONDON/SINGAPORE: Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG)...
FBR warns business community against under-invoicing, misdeclaration
The Federal Board of Revenue (FBR) has warned the business community against under-invoicing or misdeclaration of imported goods.
“Otherwise, the FBR will take...
Govt increases fertiliser prices by Rs10 per bag
Razaq Dawood says govt withstood the pressure from fertiliser industry and only made a nominal hike
Says in order to facilitate...
PM urged not to reduce FED for steel mills in KP tribal areas
ISLAMABAD: The steel manufacturers have objected to the government’s intention of reducing federal excise duty for steel mills in erstwhile FATA, as it...
SBP reserves surge 12.9pc to stand at $8bn
ISLAMABAD: The total liquid foreign reserves held by the country as on July 12 stood at $15.24 billion after an increase of...