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SBP sets mandatory targets for banks to extend loans for housing sector
KARACHI: Amidst federal government’s special incentive for the construction sector, the State Bank of Pakistan (SBP) on Wednesday decided to...
ECC directs food ministry to accelerate efforts for wheat import
ISLAMABAD: In order to ensure the availability of wheat and flour in the country throughout the year at affordable prices,...
FBR to prescribe valuation method for used vehicles
ISLAMABAD: Federal Board of Revenue (FBR) will prescribe method for valuation of used vehicles for the purpose of sales tax....
Five new oil, gas deposits discovered in Pakistan: OGDCL
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) claimed that it has discovered five new oil and gas reserves...
NAB gets EMB approval to begin fresh probe against Nawaz, Shahbaz Sharif
ISLAMABAD: The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was held on Tuesday under the chairmanship of Justice...
PSX maintains rally as index gains 126.65 points
ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday witnessed bullish trend as KSE 100 index closed at 36,745.22 points as...
Punjab govt likely to reopen restaurants, wedding halls in Sept
LAHORE: The Punjab government has hinted at reopening restaurants and marriage halls across the province within the next two months....
Multan Customs directs employees to submit ACRs
MULTAN: Collectorate of Customs Enforcement & Compliance has directed grade 1 to 16 employees to submit their annual confidential report...
Govt asked to reduce RD, taxes on impor
LAHORE: Pakistan FMCG Importers Association (PFIA) has urged the government to remove the condition of CNIC, reduce sales tax rates...
SBP allows banks to verify customers through NADRA Verisys for record keeping
KARACHI: State Bank of Pakistan (SBP) has allowed banks to retain digital record of identity i.e. NADRA Verisys of customers...
KPT shipping intelligence report July 14
KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours...
FBR issues procedure for alternate dispute resolution
ISLAMABAD: Federal Board of Revenue (FBR) has laid down procedure for alternate dispute resolution (ADR) in order to provide a...
Pak Rupee eases by five paisas against USD on import demand
KARACHI: The Pak Rupee eased by five paisas against dollar on Tuesday owing to demand for import and corporate payments....
3800 passenger cars sold in May despite lockdown
LAHORE: The sale of passenger cars during the month of May, 2020 stood at 3,800 units which is significantly lower...
COVID-19: IMF lowers Pakistan’s growth projection for FY2021
ISLAMABAD: The International Monetary Fund (IMF) has lowered Pakistan’s growth projection by about one percentage point for the current fiscal...
Customs Preventive submits FIR against suspect in betel nuts smuggling case
KARACHI: The Customs Court directed investigation officer to arrest absconding suspect namely Rehman Ghouri son of Hafiz-ur-Rehman Ghouri and others,...
Supreme Court allows govt to take action against sugar mill owners
ISLAMABAD: The Supreme Court of Pakistan on Tuesday gave the government the go-ahead to take action against sugar mill owners...
Customs Port Qasim redistributes work among deputy, assistant collectors
KARACHI: Collectorate of Customs Port Mohammad bin Qasim has notified transfers and postings of deputy/assistant collectors within the Collectorate with...
M/s Nadeem Agencies moves SHC seeking release of its Sunflower cooking oil consignment
KARACHI: M/s Nadeem Agencies has moved the Sindh High Court (SHC) seeking release order for its imported perishable goods (Sunflower...
Motorbike, three wheeler sales fall by 23.11pc during FY2019-20
ISLAMABAD: The sale of motorbikes and three wheelers witnessed decrease of 23.11 percent during the fiscal year 2019-20 as compared...
