Gwadar could likely become Pakistan’s version of Shenzhen
Chinese companies were doing much infrastructure construction work in Pakistan, and they had invested about $19 billion and participated in more than 20 major projects
Pakistan’s direct investment dips by 42pc in Q1
KARACHI:Â The direct investment in the country has declined by 42 per cent in the first quarter (Q1) (July-September) of the fiscal year...
WSJ accuses Abraaj founder Arif Naqvi of ‘heavy embezzlement’
Naqvi denies reports, says it’s based on isolated extracts from illegally obtained documents
Indus Motors jacks up prices of Corolla for fourth time this year
Indus Motor has hiked the prices by Rs50,000 for Toyota Corolla XLI to Rs1.944 million till December and it will see a further rise of Rs50,000 in January to Rs2.044 million
FBR increases regulatory duty on 570 imported items by 5 to 10pc
ISLAMABAD:Â The Federal Board of Revenue (FBR) has increased the regulatory duty (RD) by 5 to 10 per cent on the import of...
ECC defers power tariff hike, approves subsidised gas supply for export industries
RLNG supply to five export-oriented sectors to cost taxpayers Rs63.5bn despite having no budgetary allocations
Info minister says power sector subsidies...
GNL working with Nissan Motor Japan for localization of parts
Ghandhara Nissan said NML teams had paid a visit to domestic suppliers for determining their quality and capacity, however, the majority of them didn’t qualify as per the global standards set by NMI
IMF bailout package to be tabled before parliament for approval: Asad Umar
Umar said $12 billion were required to fill the current account deficit, which was essential for the country's economic stability
Rs182 billion additional tax set to be levied
Additional customs duty on approximately 6,000 items is expected to be raised from 2% to 3% via the tax regulators recommended SRO, which will raise an additional revenue of over Rs50 billion for the FBR, sources said
FBR sends notices to 340 potential tax evaders
A big percentage of the identified high net worth individuals belong to areas that don’t fall under the purview of the federal government’s tax jurisdictions
Govt prepares summary for hike in electricity tariff
Price per unit is expected to rise to Rs3.75
ISLAMABAD: The federal government has prepared a summary regarding a hike in power...
Rupee plunges by Rs1.31 against dollar in inter-bank market
On Friday, the rupee had regained a further Rs1.87 or 1.4% against the dollar in inter-bank trading to close at Rs131.9318
Govt seeking amalgamation of two oil and gas regulators
The petroleum division has told Ogra to prepare a summary for the Council of Common Interests (CCI) requesting transfer of upstream oil and gas regulation to Ogra as a centralized regulator to take care of the whole oil and gas sector from exploration and production to its sale to consumers
FBR unearths 16,000 tax evaders with investments in realty sector
In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure
Pakistan to share Chinese debt details with IMF, says Asad Umar
Decision to approach IMF was made after consultation with KSA, China
ISLAMABAD:Â Pakistan will be sharing the details of debt it received from...