Remittances increase 24pc to $16.4bn in seven months
KARACHI: The inflow of workers' remittances into the country witnessed 19pc increase in January 2021, as compared to the same month of...
Govt imposes advance tax on vehicles to discourage profiteering
ISLAMABAD: The federal government has imposed advance tax ranging from Rs50,000 to Rs200,000 on vehicles to discourage 'on money' culture in Pakistan.
In...
Large-scale manufacturing expands 11.4pc in December
ISLAMABAD: Large-scale manufacturing (LSM) in Pakistan grew 11.4 per cent in December 2020 as compared to December 2019, data released by Pakistan...
Govt to allow private firms to import Covid shots with no price caps
ISLAMABAD: Pakistan is to allow private companies to import coronavirus vaccines and has agreed to exempt such imports from price caps, according...
SBP modernises foreign exchange regulations to facilitate startups, fintechs and exports
The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate startups, fintechs and...
Shares volume breaks 16-year record at volatile PSX
KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the benchmark index failing to sustain gains despite a...
ECC approves payment mechanism for IPPs
Govt to immediately release Rs161bn as first installment to help ease pressure on IPPs and reduce circular debt
NEPRA reserves decision over Rs1.95 per unit power tariff hike
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has reserved its judgment over the tariff hike of Rs1.95 per unit and will...
Pakistan’s cotton output falls to two-decade low
The arrival of seed-cotton into ginneries plunged 35pc to 5.57 million bales as of January 31, 2021, the lowest level witnessed in...
Six more IPPs agree to renegotiate terms for cheap electricity
ISLAMABAD: The government has reached another milestone, as talks with six more independent power producers (IPPs) for cheaper electricity in the country...
January sees 23.6pc jump in domestic cement sales
Overall, domestic despatches rise 15.7pc YoY in July-Jan FY21; exports up 10.2pc
Exports jump 8pc to $2.14bn in January
ISLAMABAD: Pakistan's exports grew 8pc to $2.14 billion in January 2021, as compared to $1.98 billion in the corresponding month of 2020,...
KSE-30 Index recomposed with six modifications
KARACHI: The Pakistan Stock Exchange (PSX) has replaced six companies in the Karachi Stock-30 Index (KSE-30) with an equal number of constituents...
FBR surpasses January tax target by Rs24bn
Overall, the revenue board has collected Rs2.57tr in July-Jan FY21, as against the target of Rs2.55tr
Implementation on EV Policy delayed as govt yet to finalise draft ordinance
'In order to avoid demurrage charges at ports, importers have now started releasing their EV vehicles after paying all duties'