Business
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Textile millers laud govt for imposing duty on yarn imports
KARACHI: Textile millers have lauded the government’s decision of imposing regulatory duty on cotton yarn imports to protect the local...
Current account deficit narrows to $2.525 billion in 2015-16
KARACHI: The country’s current account deficit slightly narrowed 6.79 percent to $2.525 billion in the last fiscal year of 2015-16,...
Balochistan to give 3,000 acre land for expansion of Gwadar Industrial Zone
QUETTA: The Balochistan government would provide 3,000 acre of land for expansion of Gwadar Industrial Zone in order to make...
Banking deposits of retailers, wholesalers fall by 7% to Rs 99.15b in 2015-16
KARACHI: Bank deposits by retailers and wholesalers decreased by seven percent in the last fiscal year as the withholding tax...
FY 2015-16: Import of used cars increases by 67% to 53,600 units
KARACHI: The import of used cars into the country increased by 67 per cent to 53,600 units worth around Rs75...
E-commerce to be expended to $1b by 2020: Dastgir
ISLAMABAD: Federal Commerce Minister Khurram Dastgir Khan has said that the size of e-commerce in Pakistan would be expanded to...
Ahsan refutes rumours about China’s concerns on CPEC
ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal has refuted the rumours about any concerns of the Chinese...
Bosan inaugurates mango festival
MULTAN: A mango festival, organised by Muhammad Nawaz Sharif University of Agriculture Multan in collaboration with the Mango Research Institute...
First Asia-Pacific regulators’ conference kicks off in Islamabad
ISLAMABAD: A large number of representatives from more than 20 countries from Asia-Pacific region are participating in the ITU-PTA Asia-Pacific...
Dar directs ministry officials to make PDF, PMIC operational
ISLAMABAD: Federal Finance Minister Ishaq Dar has directed the officials of his ministry to expedite the process of making Pakistan...
Import duty: Yarn prices increase by 16% to Rs11,500 per bag
LAHORE: Yarn prices have increased by around 16 per cent to Rs11,500 per bag of 100 pounds from Rs9,950 during...
Uzma Adil assumes charge as Ogra chairperson
KARACHI: Uzma Adil Khan has taken charge as Chairperson of the Oil and Gas Regulatory Authority (Ogra). Uzma, the first...
All old design banknotes to be demonetised from Dec 31
ISLAMABAD: As per federal government’s Gazette Notification dated June 04, 2015, the old design banknotes will cease to be legal...
World Bank to support Karachi’s infrastructure development’
KARACHI: Karachi Metropolitan Corporation (KMC) Administrator Laeeq Ahmed has said the World Bank has assured support and cooperation in long-term...
PIA to start Hajj flights from August 4
ISLAMABAD: Pakistan International Airlines (PIA) will start flying pilgrims to Saudi Arabia from August 4 for this year’s Hajj. The...
LDA’s Rs93.48 billion budget approved
LAHORE: The Lahore Development Authority’s (LDA) governing body has approved Rs93.48 billion annual budget of the Authority and its subordinate...
SBP’s reserves decrease by 0.13% to $18.104b
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.13% on a weekly basis on July...
Govt to resume privatisation process of PSM, power companies
ISLAMABAD: The Cabinet Committee on Privatization (CCoP), which met under the chairmanship of Finance Minister Ishaq Dar, has decided to...
Govt earmarks Rs315m for skill development programmes
ISLAMABAD: The federal government will spend Rs 315 million on different skill development projects and programmes during financial year 2016-17....
Govt allocates Rs42b for Dasu hydropower project
ISLAMABAD: The federal government has allocated Rs 42 billion under Public Sector Development Programme (PSDP) for the year 2016-17 for...
