FBR mulls action as smuggling of petroleum products touches Rs396b mark

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch a crackdown against smuggling of petroleum products which is now worth nearly...

Three tons of Pakistani pine nuts arrive in Ezhou, China

BEIJING: A fully-loaded SF Airlines freighter carrying 3 tons of "Pakistani gems" pine nuts imported from western Pakistan arrived at Ezhou Huahu...

SMEs sector holds $40-$60 billion export potential: Ahsan Iqbal

ISLAMABAD: Minister for Planning Development and Special Initiatives Ahsan Iqbal on Tuesday said that the Small Medium Enterprises (SMEs) had the potential...

Single-day strike may cause Rs190 bln loss to national economy : Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said on Tuesday that a single-day strike might cause cumulative losses of...

‘R&D essential for cotton’s climate fight’

MULTAN: Dr Muhammad Naveed Afzal, Secretary of the Pakistan Central Cotton Committee and Director of the Central Cotton Research Institute (CCRI), Multan,...

Gold prices drop by Rs1,000 in Pakistan

Local rates reflect international decline as gold per tola falls to Rs274,700

Gang exploits FBR vulnerability, defrauds Rs 81 billion

Substantial losses to the public exchequer highlight the urgent need for targeted measures against tax fraud in dormant accounts.

Delay in Pakistan’s debt restructuring plan creates $1 billion fiscal gap

This delay and gap can be attributed to the lack of readiness to issue Pakistani Sovereign bonds competitively on international markets.

Pakistan to sign deals worth $2 billion with Saudi Arabia, says PM Shehbaz

A high-level Saudi delegation is expected to visit Pakistan before SCO summit, PM tells cabinet 

Pakistan, China to restructure $16bn in CPEC power debt during PM Li Qiang’s visit

Agreements to include a five-year repayment extension and three-year payment moratorium, aiming to stabilize electricity tariffs

Big Bird Foods unveils new seafood line to meet growing demand

Company launches raw fish fillets and finger fish, targets expanding market in Pakistan

Hyundai Motor to sell 142mn shares it holds in India subsidiary for IPO

South Korean automaker said it will still hold 670 million shares in Hyundai Motor India
IPPs

Four IPPs initiate termination of power deals 

Consumers can see up to Rs7/unit reduction in tariffs after successful renegotiations of deals, says Power Minister 

China hits out at EU brandy in tit-for-tat after EV tariff vote

China imposes security deposits on brandy imports from EU; move follows EU vote for tariffs on Chinese-made EVs

Crescent Steel secures Rs 2.74 billion contract from SNGPL

Deal to supply steel pipes set to enhance infrastructure, completion expected by Q3 FY 2024-25