Business
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Pakistan to diversify exports into engineering, pharmaceutical products: Razak Dawood
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday said that Pakistan is rapidly...
Unilever Pakistan to rebrand Fair & Lovely
KARACHI: Unilever Pakistan announced on Thursday that it will be rebranding its flagship brand Fair & Lovely. To make the...
CCP passes order regarding filing indemnity bonds with airlines by mango exporters
ISLAMABAD: The Competition Commission of Pakistan (CCP) has passed an order addressing the issue of mandatory filing of indemnity bonds...
Govt releases Rs6.2b for textile industry to resolve liquidity issues, encourage exports
LAHORE: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced the release of an...
FATF asks Pakistan to amend foreign exchange laws within 3 months
ISLAMABAD: The government of Pakistan will have to pass amendments into Anti Money Laundering (AML) and Foreign Exchange Regulation laws...
Senate recommends 40 amendments in Finance Bill 2020
ISLAMABAD: The Upper House of parliament on Wednesday unanimously adopted recommendations of the Senate Standing Committee on Finance Bill 2020, which...
Motorbike, three-wheeler sales drop 25.7pc in 11 months
ISLAMABAD: The sale of motorbikes and three-wheelers plunged by 25.72pc during the first 11 months of the financial year 2019-20,...
Fed govt warned of flour crisis ahead over new wheat policy
LAHORE: Flour Mills Association on Wednesday rejected new wheat release policy announced by the federal government and said that it...
SBP receives $1b from World Bank, ADB in fight against COVID-19
KARACHI: The State Bank of Pakistan (SBP) has received $1billion — $500 million each from World Bank (WB) and Asian...
German Deutsche Investitions shows interest to acquire 20pc stake in TPL Insurance
KARACHI: A Germany based development finance institution has shown interest to acquire 20 percent stake in TPL Insurance Limited,...
Punjab govt to ban cattle markets in major cities including Lahore
LAHORE: Punjab government has decided to set up cattle markets away from the cities due to Coronavirus. Standard Operating Procedures...
SHC refuses to hear petition filed by Pakistan Steel Mills employees
KARACHI: The Sindh High Court (SHC) on Tuesday refused to hear a petition filed by the Pakistan Steel Mills (PSM)...
LPG production: JJVL seeks immediate resumption of supplies from SSGC
ISLAMABAD: Jamshoro Joint Ventures Limited (JJVL) has asked the government to direct Sui Southern Gas Company Limited (SSGC) to immediately...
Pakistan, ADB sign $235m loan accord for Karachi’s Red Line BRT corridor
ISLAMABAD: The Asian Development Bank (ADB) and Pakistan have signed a $235 million loan agreement, initially approved by the bank...
Pakistan imports mobile phones worth Rs179b
ISLAMABAD: Pakistan has spent over Rs179 billion for import of mobile phones during July – May 2019/2020, which is 90...
Pakistan’s rice exports may surpass 4 million tonnes in FY20
LAHORE: Amid Covid-19 pandemic, food security has become the first priority across the globe, cashing on which Pakistan is likely...
ADB projects Pakistan economy to grow at 2pc in fiscal year 2020-21
ISLAMABAD: The Asian Development Bank has projected Pakistan’s economy, which is expected to contract by 0.4 percent in FY2020 (ending...
SBP suspends service charges to facilitate banks
KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced temporary suspension of 0.12 percent service charges levied on banks...
APM Hafeez Shaikh presides over meeting to review recent increase in wheat & flour prices
ISLAMABAD: A high-level meeting was held with Adviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh...
Plastic imports fall 11.6pc to $1.63b
ISLAMABAD: The import of plastic material into the country witnessed a decline of 11.64pc during the first ten months of...
