Petroleum sales continue to plummet
ISLAMABAD: The oil industry has witnessed a cumulative decline of 19% in the first half of financial year 2023 compared to the...
Here’s why Pakistani bank account holders cannot donate to the Palestine embassy’s accounts
Bank Alfalah finds itself at the centre of a boycott campaign, that too for doing the right thing.
Saudi Arabia confirms $1 billion investment into Reko Diq, diluting Pakistan’s ownership to less than 50%. What about the logistical challenges?
The Saudi investment is part of the promised $5 billion investment package for Pakistan. It will not solve any of the countless logistical problems that exist in Reko Diq, including transportation and power.
ECC directs Petroleum Division to supply indigenous gas to urea fertiliser
Shortfall between demand, supply of fertiliser estimated to be 0.3MMT
Why is a Pakistani chemical dyeing company acquiring the subsidiary of a US based textile house?
Acquisition of Huntsman by Archroma Pakistan comes more than a year after parent companies of both entered into what they called a ‘merger of equals’
New govt will face historic food crisis
The results for the General Election 2024 are continuing to filter in. The weeks to come will see independents swear their loyalties...
DISCOs seek Rs1.80 per unit hike in power tariff
Power distributing companies have accumulated a loss of Rs201bn in the first two quarters of FY19
ISLAMABAD:Â The Task Force on Energy Reforms...
Cabinet grants exemption to SSGC-LPG for spot cargo imports to address gas shortages
Govt approves exemption for SSGC-LPG to import LPG spot cargoes, ensuring stable pricing
Good news: Bond market is signalling an economic recovery. But here’s why that just might be bad news
Ladies and gentlemen, if we can get your attention for a moment, the bond market of Pakistan would like to make an...
KSE 100 recovers with tea maker buy-back, UBL financials
On February 23, the three indices used to reflect the Pakistani stock market and its performance, exhibited sharp decline for the first...
EU to support Pakistan’s anti-corona fight with 153m euros
ISLAMABAD: Ambassador of the European Union Delegation to Pakistan Androulla Kaminara called on Prime Minister Imran Khan on Thursday and said the...
FBR to brief PM on upcoming mini budget today
ISLAMABAD: The Federal Board of Revenue (FBR) will brief Prime Minister Shehbaz Sharif on the upcoming mini budget on Tuesday.
In this regard,...
Govt tells IMF it may levy federal excise duty on domestic and imported cars
With a blend of new taxes and rupee devaluation, the tax collection could increase to Rs4.5 trillion during the current financial year, Rs5.8 trillion by June 2020 and Rs7 trillion by June 2020, respectively
Cabinet okays withdrawal of Rs140bn tax exemptions via ordinance to pave way for IMF tranche
ISLAMABAD: The federal cabinet has given a go-ahead to withdrawal of various income tax exemptions through a presidential ordinance instead of bringing...
Only borrowed Rs3.44tr to finance budget deficit, MoF clarifies
ISLAMABAD:Â The government only borrowed Rs3.44 trillion to finance its budget deficit during the financial year 2018-19 (FY19) while the figure of Rs11...