Standing Committee passes import, export bill to place power of approval with minister
ISLAMABAD: The Standing Committee on Tuesday unanimously passed the Import and Exports (Control) (Amendment) Bill 2022 that replaces the cabinet with the...
Pakistan’s textile industry lays off 7 million workers, threatens to shut down
About seven million people in the textile industry have been laid off due to low exports and the economic crisis. In a...
‘Kaam Kaam Kaam’ on hold after Diamond Supreme Foam suspends production
Troubling economic conditions have forced Diamond Industries Limited (DIIL), maker of the famous Diamond supreme foams, to temporarily suspend its production. The...
Dark cloud of implementation looms over more than $9bn pledged at Geneva
More than $8 billion have been pledged to Pakistan by the international community at the International Conference on Climate Resilient Pakistan in...
Open trucks of cotton being fumigated with dangerous substance in violation of rules
ISLAMABAD: The Ministry of Food Security and Research (MoFS&R) is fumigating imported cotton and other goods with toxic Methyl Bromide in open...
Novatex withdraws offer to acquire 75% holding in Lotte Chemical
Novatex Limited has withdrawn its public announcement of intention (PAI) to acquire 75.01% shares of Lotte Chemical Pakistan Limited (LOTCHEM). The announcement...
IMF team set to travel to Pakistan to decide fate of ninth review
ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday that a delegation from the International Monetary Fund (IMF) would travel to Pakistan in...
CCLC approves proposed safety standards of vehicles
ISLAMABAD: For the first time in Pakistan’s history, major stakeholders of the automotive sector have agreed to develop a consensus over the...
SBP’s liquid forex reserves fall by another $245m, to $5.576bn
In the most recent update by the State Bank of Pakistan (SBP), Pakistan is yet again at its lowest level of Foreign...
Sui companies face gas depletion as govt raises alarm
ISLAMABAD: With the country’s gas production falling drastically, the energy ministry has lit the warning becons and submitted a report to Prime...
Edible oil shortage looms as opening of LCs resisted
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) on Thursday expressed concern over the reports that the commercial banks are resisting...
“Stop eating ‘poisonous’ chicken until GMO issue solved,” warns food minister
ISLAMABAD: After the government announced that the food ministry would facilitate the import of soybean based poultry feed, Federal Minister for National...
IT Ministry lays blame for poor internet service on SBP
ISLAMABAD: The country’s Ministry of Information Technology and Telecommunication has laid the blame for poor internet service in the country squarely at...
Online tax-filing startup Befiler announces $1.5m seed raise
LAHORE: Online tax filing portal Befiler has announced a $1.5 million seed raise from international and local investors, the company announced in...
Would shutting down the lights early really save Rs62 billion?
ISLAMABAD: To help stabilise the economy, the federal cabinet resolved on Tuesday to take drastic steps, such as closing markets at 8:30...