Roosevelt Hotel to be leased as PC initiates redevelopment
ISLAMABAD: The saga surrounding the PIA owned Roosevelt Hotel in Manhattan was discussed once again during a meeting of the Cabinet Committee...
SBP appeases the IMF by removing restrictions on imports
KARACHI: In a circular addressed to presidents and chief executives of authorised dealers in the country, the State Bank of Pakistan (SBP)...
Dar summons breakup of Rs 447bn in GIDC dues, urges swift recovery
Islamabad: Minister for Finance and Revenue Ishaq Dar on Monday directed officials to compile an updated sector-wise breakup of a massive Rs...
Russia can send natural gas to Pakistani markets: Deputy PM Novak
Russia can send its natural gas to the markets of Pakistan and Afghanistan, Russian Deputy Prime Minister Alexander Novak told state TASS news agency.
Novak...
Mobile banking doubles, internet banking grows by 51.7% in FY2021-22
KARACHI & LAHORE: The past fiscal year has seen a massive increase in the size of the digital payments ecosystem, the State...
SHC invalidates super tax
The Sindh High Court (SHC) struck down on Friday a 10% super tax imposed by the federal government earlier this year, terming...
Red Alert: Reserves at lowest since April 2014
KARACHI: The State Bank of Pakistan (SBP) reserves clocked in at $6.1 billion, the lowest they’ve been since April 2014; after plummeting...
Govt wakes up to circular debt in the gas sector. Why does it matter?Â
The government has finally jumped into action to address the spectre of growing circular debt in the gas sector.Â
The government has formed...
ECC approves transfer of 30% working interest in Margalla Block from M/s MOL to M/s MPCLÂ
The Economic Coordination Committee (ECC) of the Cabinet has approved transfer of 30% working interest of M/s MOL to Mari Petroleum Company...
Pakistan’s IT exports are down. But why?
LAHORE: Pakistan’s offical IT exports numbers are showing a trend of slowdown due to a mix of policy issues at home, the...
Imports of mandated commodities to be done through electronic verification
ISLAMABAD: Pakistan Single Window Customs (PSW) has asked Pakistan Standard and Quality Control Authority (PSQCA) to switch over to the electronic verification...
Govt increases PDL to ease IMF concerns. Will it be enough?Â
ISLAMABAD: Senior sources within the ministry of finance shared documents with Profit that state that the ministry increased the Petroleum Development Levy...
FTO slams Millat Tractors, directs FBR to take actionÂ
LAHORE: The Federal Board of Revenue (FBR) is set to take action against Millat Tractors for allegedly overcharging customers in the name...
WB approves financing worth $1.692bn in projects for flood affected areas in Sindh
ISLAMABAD: Floods wreaked havoc in Pakistan, this year as thousands died and millions got displaced. Infrastructure worth billions was destroyed by water,...
Fintech Akhtar Fuiou Technologies set to bring financial services to agriculture; gets pilot approval for EMI operations
LAHORE: Fintech company Akhtar Fuiou Technologies (AFT) has received approval from the State Bank of Pakistan (SBP) to commence pilot operations for...