Alvi advises Dar to take parliament into confidence on issuance of tax ordinance
ISLAMABAD: President Dr Arif Alvi on Tuesday advised Finance Minister Ishaq Dar to take the parliament into confidence and call immediate session...
Virgin Atlantic decides to end operations in Pakistan. But why?Â
LAHORE: Less than two years after launching operations in Pakistan, British airline Virgin Atlantic has decided to call it quits. According to...
Remittances fall lower than during peak COVID
ISLAMABAD: According to the latest data by the State Bank of Pakistan, workers’ remittance for the month of January has dropped by...
FTO accuses Millat of fraud during tax period 2017 to 2022
ISLAMABAD: The Federal Tax Ombudsman (FTO), per their latest ruling in their investigation against Millat Tractors, has directed the Federal Board of...
Import restrictions create shortage of steel bars
ISLAMABAD: Following the restriction on imports for non-availability dollars, the country has now started facing a severe shortage of steel rebars as...
OMAP announces helpline for smooth supply of POL products
LAHORE: The Oil Marketing Association of Pakistan (OMAP) has announced plans to establish a helpline for the smooth supply of petroleum products...
Pakistan to get only nonstop flight route to African continent
LAHORE: Ethiopian Airlines’ decision to initiate flights between Karachi and Addis Ababa on March 26 is set to be historic. Ethiopia’s flag...
K-Electric files generation tariff petition for its power plants
K-Electric (KE) has filed a tariff petition for its power generation plants with the National Electric Power Regulatory Authority (NEPRA) from July...
GPCCI asks Governor SBP for help against propaganda about access to letters of credit
LAHORE: The German Pakistan Chamber of Commerce and Industry (GPCCI) has penned a letter to Jameel Ahmad, Governor State Bank of Pakistan,...
ECC approves discontinuation of Kissan, Zero Rated Industrial packages
ISLAMABAD: The Economic Coordination Committee (ECC) has approved the discontinuation of the Kisan Package as well as Zero Rated Industrial package from...
Pharmaceutical industry fears shortage of medicines if govt does not intervene
ISLAMABAD: Several multinational firms for example, fear being forced to suspend manufacturing. Non-availability of raw materials and a huge jump in the...
Ghandhara Tyre announces plant shut down for FebruaryÂ
LAHORE: Ghandhara Tyre & Rubber Company Limited has notified the Pakistan Stock Exchange that it will observe non-production days from February 13...
Dar claims all good with IMF as meltdown nears
ISLAMABAD: As talks between the federal government and the International Monetary Fund (IMF) entered final and decisive stages in the late hours...
Report shows a decline in tax-to-GDP ratio by 0.4pc
ISLAMABAD: The country’s tax-to-GDP ratio fell to 4.4% in the first half of FY 2022-23 from 4.8% during the same period last...
No plan to avoid oil shortage as petroleum minister shifts attention to hoarders Â
ISLAMABAD: Instead of announcing a quick and effective strategy to deal with the ongoing shortage of petroleum products in various parts of...