Business

ISLAMABAD: Pakistan and Japan have signed an agreement, through which the later would give Rs3.4 billion for improving water supply...

SBP’s reserves decrease by $29m to $12,284m

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves have declined by 0.2% on the week ended June 12....

Affected traders of Metro Bus Project will be given tax relief: Hanif Abbasi

ISLAMABAD: Rawalpindi-Islamabad Metro Bus Project Committee Chairman Hanif Abbasi has pledged that losses of the traders would be compensated as...

SNGPL barred from recovering gas cess from CNG stations, industries

PESHAWAR: The Peshawar High Court has barred the Sui Northern Gas Pipelines Limited (SNGPL) from recovering arrears on account of...

Govt to facilitate innovators in agriculture sector: Dar

ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar held meeting with the Federal Minister for National Food Security and...

Zarai Taraqiati Bank Limited gets AAA/A-1+ rating

ISLAMABAD: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Zarai Taraqiati Bank Limited as AAA/A-1+ (Triple A/A...

Cabinet body deliberates over privatizing Neelum-Jhelum project

byCT Report

ISLAMABAD: Prime Minister Nawaz Sharif decided announce to form a high level committee to deliberate over the privitisation of Neelum-Jhelum...

Pak-Saudi Chamber, Smeda sign MoU

byCT Report

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) and the Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI) inked...

ECC increases import duties on sugar, wheat from 20pc to 40pc

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, under the chairmanship of Federal Finance Minister Ishaq Dar, has increased...

PM says no power outage during Sehr, Iftar timings

ISLAMABAD: Prime Minister Nawaz Sharif, while presiding over a meeting of the Cabinet Committee on Energy, Thursday again directed the...

Current account deficit increases by $521m to $2 billion in May

KARACHI: Despite surge in foreign exchange reserves to $17.5 billon, the current account deficit further increased in May to $2...

Rs10, 50, 100 and 1,000: Old banknotes to be ceased from Dec 1, 2016

KARACHI: The old design banknotes will be cancelled from December 1, 2016, said a federal government’s Gazette Notification. The government...

Chinese company to build 1,400MW coal-based power plant

ISLAMABAD: China’s Shanghai Electric Group will build a 1,400MW coal-based electricity plant under the China Pakistan Economic Corridor (CPEC). Private...

YPA lauds govt’s step to give Rs2 million loan to skilled youth

LAHORE: The young pharmacists have lauded the government’s initiative of granting Rs2 million loan to the educated and skilful youth....

Govt urged to announce special power tariff for textile industry

LAHORE: The millers have demanded the government to announce a special tariff for the export-oriented textile industry All Pakistan Textile...

Balochistan imposes Agricultural Income Tax but without any target

QUETTA: The government has imposed Agricultural Income Tax (AIT) on income from agricultural activities, says the budget document issued here...

Arif Habib appreciates govt policies to reduce fiscal deficit

ISLAMABAD: Chairman Arif Habib Group of Companies Arif Habib Wednesday said the economic policies introduced by the federal government to...

AJK has potential to produce cheap electricity by innovating old technology

ISLAMABAD: The Azad Jammu and Kashmir mountainous region has great potential to produce inexpensive electricity by converting decades-old watermills into...

Gas fields of Balochistan depleting fast, cautions budget document