PIBTL working on setting up LPG import facility at Port Qasim

Port Qasim Authority (PQA) Chairman Asad Rafi Chandna said it was working to develop another natural ship navigation channel

Chinese entity e-Hualu clinches $83.6 million deal to build rapid bus transit system in Pakistan

Previously, e-Hualu was involved in building a project in 2016, which included an electronic policing system, access control and a vehicle monitoring platform for the capital Islamabad

Landlords found evading taxes, sent notices by FBR

It has come to the fore, that three out of four people who were declaring agriculture as the source of income aren’t paying tax on agriculture income in provinces

Pakistan likely to receive financial assistance from China after JCC meeting

Pakistan may get short-term lending of $2 billion from Industrial and Commercial Bank of China  ISLAMABAD: As Pakistan still awaits financial assistance from...

Auto sales nosedive 17% YoY to 17,442 units in November

On a month-on-month basis (MoM), auto sales declined 30% to 17,442 units in November against 24,850 units in October

Trade deficit declines 0.3% YoY to $2.78 billion in November

On a month-on-month (MoM) basis, trade deficit recorded a decline of 5.3% to $2.78 billion from $2.94 billion in October 2018

No duty payable on phones being used on roaming for less than thirty days: Azhar

For these phones to be registered, Mr Azhar said it can be done at either the airports or in any of the Customs houses across the country and phones aren’t detained during the process of registration/duty payments

Hubco completes acquisition of 37% stake in ThalNova

In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh

Overseas Pakistanis liable to pay tax on bringing more than one mobile phone : Chaudhary

Chaudhary said a 38% duty will be levied on costlier mobile phones

Over $15 billion remittances being sent via Hundi

Bukhari said they had introduced biometric verification system to ensure better communication between the ministry and the Pakistani diaspora working abroad

Pakistan diaspora bond likely to be launched within a month

Due to delays in securing a bailout package from the International Monetary Fund (IMF), the issuance of Eurobonds has been put on hold

Pakistan, China agree to explore new avenues under CPEC

ISLAMABAD: Pakistan and China on Monday agreed to expand China Pakistan Economic Corridor (CPEC) to new areas of cooperation in line with the...

Govt to take $490m loan from ADB for Karachi BRT project

ISLAMABAD: The government has decided to take a loan of $490 million from the Asian Development Bank (ADB) in order to fund the...

Pakistan remittances growth to remain flat at 6.2% in 2018: World Bank

Pakistan’s remittances as a percentage of GDP was 6.9% in 2018, ranked at 3rd behind Nepal at 30.1% and two positions above India at 2.8%

With PM taking personal interest will the K-Electric deal finally materialize?

On news of SEP’s delegation meeting with the PM, led to a surge in selling and buying of K-Electric shares and it ended Friday as the market volume leader with 13.90 million shares traded