Bears rule stocks as KSE-100 plunges over 1,700 points

LAHORE: The Federal Board of Revenue (FBR) has failed to carry out an order issued by President Arif Alvi regarding...

FBR, Customs offices to observe extended working hours on Dec 30-31

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the Collectorate of Customs (MCCs) will remain open on December...

FBR faces challenges in meeting Track & Trace deadline

ISLAMABAD: The Federal Board of Revenue (FBR) faces a mixed bag in its efforts to implement a track-and-trace system for...

Non-filers to face discontinuation of utilities, suspension of bank accounts

ISLAMABAD: The Federal Board of Revenue (FBR) is gearing up to suspend bank accounts of individuals who have failed to...

Torkham Customs foils bid to smuggle goods from Afghanistan to Pakistan

TORKHAM: Collectorate of Customs team deputed at Import Terminal, Torkham recovered huge quantity of smuggled from a Mercedez trailer coming...

FBR releases procedure for online business licenses

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a formal procedure for vendors and integrated enterprises seeking licenses to...

Pakistan govt to outsource eight airports, Senate told

ISLAMABAD: The Pakistan government has decided to outsource eight airports phase-wise, Advisor to PM on Aviation Farhat Hussain Shah told...

DG Valuation revises customs values on import of cashew nuts from Vietnam

KARACHI: Directorate General of Customs Valuation, Karachi has revised customs values on the import of Cashew Nuts/Kaju from Vietnam. The...

Majid Al Futtaim’s investment in Pakistan reaches to Rs14b with two new Carrefour supermarkets

LAHORE: Majid Al Futtaim, which owns the exclusive rights to operate Carrefour in Pakistan, announced the inauguration of two new...

FBR asks SWAPS agents to integrate fiscal electronic devices

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the “SWAPS Agents” (withholding tax agents) to install and integrate fiscal...

SBP unveils end-of-day rates method for exchange firms

KARACHI: In a bid to ensure transparency, the State Bank of Pakistan (SBP) directed the exchange companies to adopt the...

Pakistan weekly inflation recorded over 42pc amid stagnant wages

ISLAMABAD: A combination of inflationary measures means that inflation during the past week surged by 42.60 per cent – dashing...

SBP releases video to identify counterfeit Rs5,000 note

KARACHI: The State Bank of Pakistan (SBP) has released a video to identify genuine Rs5,000 currency notes after reports that...

In this photograph taken on November 16, 2016, Pakistani workers operate a machine at a textile factory in Faisalabad.
As Pakistan slowly emerges from a long-term power crisis, its once booming textile sector is scrambling to find its feet -- but high energy costs and a decade lost to competitors mean recovery is far from assured. Energy production was severely depressed for more than 10 years due to chronic under-investment, inefficiencies in the power network and an inability to collect sufficient revenue to cover costs.
/ AFP PHOTO / KHALIL UR-REHMAN / TO GO WITH AFP STORY: Pakistan-Energy-Industry-Textiles, FOCUS by Caroline Nelly PERROT

APTMA calls for tariff rationalization to prevent economic deterioration

FAISALABAD: The All Pakistan Textile Mills Association (APTMA) has expressed deep concern over the “absolutely dismal state of the power...

FBR forms committee for launch of Single Portal for ST return of telecom sector

ISLAMABAD: The Federal Board of Revenue (FBR) has formed a single portal committee for operationalize arrangements required for the launch...

Govt jacks up LNG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday notified about the increase in the prices of liquefied natural...

World Bank approves $350m financing to strengthen fiscal management in Pakistan

ISLAMABAD: The World Bank's board of executive directors approved $350 million in financing for the Second Resilient Institutions for Sustainable...

Pakistan, ADB ink $1.20b accords for sustainable growth

ISLAMABAD: Around $1.20 billion loan agreements have been made between Pakistan and the Asian Development Bank (ADB). The ADB officials...

Quetta I&I impounds smuggled goods worth Rs67.7m