Govt to pay back Rs50bln in circular debt
-- Phase-wise payment will begin from Monday after Ashura holidays
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government on Thursday decided to immediately pay back Rs50...
NAB starts graft probe against Customs DG
-- Complainant claims DG created and operated an unlawful “incentive system” at Faisalabad Dryport
ISLAMABAD: The National Accountability Bureau (NAB) has formally started its...
Asad Umar presents amendments to budget for ongoing fiscal year
Finance Minister Asad Umar on Tuesday announced a “mini-budget” in the National Assembly and said that if the government continues in the present economic trajectory, the country will be doomed.
Govt set to impose Rs100bn taxes in mini-budget
ISLAMABAD: The federal government is all set to impose over Rs100 billion in taxes by increasing 5 to 10 per cent regulatory...
Pakistan raises gas prices to trim subsidies amid budget woes
Sarwar said the move would help ease part of the 152 billion-rupee ($1.24 billion) deficit for state-owned SNGPL and SSGC
Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan
At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.
Scottish renewable energy company eyes strong foothold in Pakistan
LAHORE: There cannot be enough emphasis on the need to promote renewable energy as a sustainable solution to all the energy related problems...
Pakistan and China agree on upgrading ML-1 railway track
BEIJING: The Ministry of Railways and the National Railway Administration of China (NRAC) have undertaken initial work on Pakistan Railways’ Mainline 1...
China to create three “green economic belts” in BRI countries including Pakistan
BEIJING: China has launched cross-border partnerships with several international non-governmental and civic organizations to create three "green economic belts" in countries involved...
Food ‘giant’ Gourmet denies producing motorbikes
Gourmet, which started as a food bakery 27 years ago, has a strong retail network with more than 100 outlets in Lahore alone
In shift, Pakistani giant Engro to bet big on rising middle class
Engro has been a major beneficiary from Beijing’s Belt and Road Initiative splurge, working with Chinese firms on coal and power projects worth billions of dollars
IMF to visit Pakistan with $7.5bn package on 27 Sept
ISLAMABAD: After the ‘go ahead’ from the US Secretary of State Mike Pompeo, an International Monitory Fund (IMF) team is scheduled to...
PIA suffers to the tune of billions over ill-timed move
From Sabre to little-known Turkish Global Distribution System
MUHAMMAD FARAN BUKHARI
LAHORE: Pakistan International Airlines’ (PIA) international flight bookings have almost ceased, resulting in...
India and Pakistan have driven global sugar glut: Australia’s minister for trade
Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies
Mini-budget to be announced next week, withdraw entitlements available to govt officers
A rise in regulatory and customs duties is amongst the recommendations which will allow 20 percent increase in the revenue collection for the government in its first year of power.