Uber seeking investment upwards of $700m for Careem
LAHORE/ISLAMABAD: Ride-hailing giant Uber is in the process of raising an investment north of $700 million for Careem, which the company intends...
Finance committee directs FBR to revoke recent property valuations
ISLAMABAD: The Senate Standing Committee on Finance, Revenue has directed the Federal Board of Revenue (FBR) to revoke the recently issued SRO...
SNGPL suspends gas supply to CNG stations in Punjab, KP
ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) on Monday cut off gas supply to Compressed Natural Gas (CNG) stations in Punjab and...
Rupee shows slight recovery on the back of $3bn Saudi fund
The Pakistani rupee recovered nearly 30 paisas on Monday as Pakistan received the much-awaited $3 billion funds from Saudi Arabia.
With an increase...
Pak-Afghan trade continues to decline
PESHAWAR: Trade between Pakistan and Afghanistan is on a constant decline because the of hurdles created by different government departments at the...
Shaukat Tarin confirms SBP’s receipt of $3bn deposit from Saudi Arabia
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin announced on Saturday that the State Bank of Pakistan (SBP)...
OCAC requests DG Oil to resolve furnace oil overload issue at refineries
ISLAMABAD: Independent Power Producers (IPPs) are allegedly under-maintaining stocks of High Sulphur Furnace Oil (HSFO) and Low Sulphur Furnace Oil (LSFO), with...
Tarin files nomination papers for vacant Senate seat
PESHAWAR: Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has filed his nomination papers for a vacant Senate seat...
FBR prepares ‘mini-budget’ to raise tax on vehicles, mobile phones
ISLAMABAD: The Federal Board of Revenue (FBR) has prepared a mini-budget based on conditions set by the International Monetary Fund (IMF) for...
Dollar soars to Rs176.65 in intraday trade, reaches new high
The Pakistani currency plunged to an all-time low of Rs176.65 against the US dollar during intraday trading on Thursday.
In the interbank market,...
Surging imports, rise in T-bill yields trigger PSX bloodbath
The Pakistan Stock Exchange (PSX) on Thursday witnessed a bloodbath with the benchmark KSE-100 index losing over 2,100 points.
The market opened on...
Govt increases levy, GST on POL products to meet IMF conditions
ISLAMABAD: The government will charge Rs41.71 per litre on the sale of high speed diesel (HSD) and Rs38.57 per litre on petrol...
Exports surge to record monthly high of $2.9bn in November
Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood on Wednesday said that Pakistan’s exports increased to a record high...
Samsung starts mobile phone production in Pakistan
Mobile phone giant Samsung has started production in Pakistan, giving hope to both the authorities and the industry that the move would...
Inflation rises to 11.5pc in November, highest in 21 months
ISLAMABAD: Inflation during November has registered the highest rise in 21 months with an 11.5 per cent jump on a year-on-year (YoY)...