‘Govt will try its best to keep GSP-Plus facility intact’

--Dawood terms human and labour rights' issues as hurdles in way of GSP+ status --EU envoy says over 3m people are still living under 'modern...

Cabinet approves first-ever National Tariff Policy

--PM says economic policy paradigm is now being realigned to leverage tariffs for industrial development --NTP will be implemented through a Tariff Policy Board headed...

IMF rejects downward revision in FBR’s revenue target

ISLAMABAD: The International Monetary Fund (IMF) has rejected the government's request for a downward revision in the revenue target for the ongoing fiscal year (FY20),...

Asad Umar returns to federal cabinet as planning minister

ISLAMABAD: Former finance minister Asad Umar will make a return to the federal cabinet as the minister for planning and special initiatives, PM’s Special Assistant...

No circular debt after Dec 2020, vows finance adviser

ISLAMABAD: Adviser to Prime Minister on Finance & Revenue Dr Hafeez Shaikh on Monday reiterated the government's resolve to eliminate circular debt by December 2020. Briefing...

Could electric vehicles break the dominance of the Big Three car companies in Pakistan?

The infamous cartel of Japanese auto manufacturers has been ruling the roost in Pakistan’s car market for a lifetime. The big three – Suzuki,...

PIA on SECP’s radar over ‘market manipulation’

ISLAMABAD: Taking serious notice of a recent statement issued by the Pakistan International Airlines Corporation chief executive officer (CEO), the Securities and Exchange Policy Board...

CCoP approves sale of SME Bank, PIA properties

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday approved the sale of SME Bank as well as the properties of different state institutions,...

Govt on course for timely completion of industrial zones, NA told

ISLAMABAD: Parliamentary Secretary for Textile Aliya Hamza Malik told the National Assembly on Thursday that the government has expedited its work on industrial zones in...

PM wants FBR to restore people’s confidence in taxation system

ISLAMABAD: Prime Minister Imran Khan has termed tax collection as a key driver for economic stability, saying that the Federal Board of Revenue (FBR) must...

ECC approves increase in wheat support price by Rs50 per 40kg

--Committee approves comprehensive four-year Circular Debt Capping Plan --ECC constitutes committee to ensure provision of facilities in special economic zones ISLAMABAD: The Economic Coordination Committee (ECC)...

PM vows to economically uplift country by bolstering exports

ISLAMABAD: Prime Minister Imran Khan has vowed to economically uplift the country by bolstering exports and attracting foreign investment. He was addressing a tripartite signing...

Traders demand immediate import of tomatoes from Iran

ISLAMABAD: As the shortage of tomatoes in the country has a caused sharp rise in their prices, traders are of the view that the...

Govt announces Rs200bn package for exporters

ISLAMABAD: The government has decided to announce a support package of Rs200 billion for exporters in order to enhance the country's exports, encourage local production...

Gas companies seek up to 31pc tariff hike

ISLAMABAD: Two state-owned gas utilities – Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited – have asked the Oil and Gas...

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Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the...

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OECD sees global growth at decade low, blames govts’ indecision

PARIS: The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the...