Business
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$1b additional export in 10 month: Dastagir for declaring imported material as 0-rated, forming leather export council
KARACHI: The government has assured the leather industrialists that Leather Export Council is being formed to facilitate the exporters. This...
Taxing over 285 items ‘on IMF orders’: 5pc levy of regulatory duty termed ‘undue burden’ on industry
ISLAMABAD - Pakistan Steel Melters Association expressed concern over the levy of 5 percent Regulatory Duty on the import of...
MCB’s 2014 consolidated profits stand at Rs24.7b versus Rs21.8b in 2013; profits at Rs6.2b against Rs4.2b
LAHORE - MCB Bank reported consolidated profits of Rs24.7 billion (EPS Rs22.15) for 2014 versus Rs21.8 billion (EPS Rs19.6) in...
60% GST on petroleum: Govt to actually earn only Rs36b instead of Rs70b
LAHORE: The Institute for Policy Reforms has issued a fact sheet that revealed the true impact of the latest SRO...
Textile policy 2014-19: APTMA Chairman demands electricity at 8 cents/unit
LAHORE: All Pakistan Textile Mills Association chairman S M Tanveer after announcement of new textile policy 2014-19 has demanded availability...
Metallurgical Cooperation of China discovers 500mt iron ore reserves in Chiniot
ISLAMABAD: The Metallurgical Cooperation of China has discovered major reserves of iron ore of 500 million tons in Chiniot city...
60,000 SMEs, micro retailers to be benefited: Bank Alfalah, Punjab Beverages launch automated financial service
KARACHI: Bank Alfalah Limited and Punjab Beverages (PB) have signed an MoU to provide automated financial services to SME and...
Chairman Metro Bus Project directs contractors to expedite work on project
RAWALPINDI: The Chairman Metro Bus Service Project Implementation Committee has given directions to the contractors to expedite work on Metro...
1,000s in panic as Indian firing injures Sialkot villager
SIALKOT - Panic has gripped thousands of villagers as another person was hurt seriously by the mortar shells fired by...
Pakistan’s trade deficit at $13.13b, up by 17.96% from $11.13b in 7 months
Pakistan’s trade deficit has widened by 17.96 percent, as it recorded at $13.13 billion during July-January of FY2015 versus $11.13...
Nawaz for expeditious completion of TAPI gas project whose original cost of US$ 3.3b revised to $ 7.6b
ISLAMABAD - Prime Minister Muhammad Nawaz Sharif said that Pakistan wanted expeditious completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project...
Pakistan’s trade deficit at $13.13b, up by 17.96% from $11.13b in 7 months
Pakistan’s trade deficit has widened by 17.96 percent, as it recorded at $13.13 billion during July-January of FY2015 versus $11.13...
Jan 30 deadline, cost up by Rs6.17b to Rs44.21b: Contractors directed to complete metro project in time
RAWALPINDI: Commissioner Rawalpindi Zahid Saeed and Metro Bus Service Project Implementation Committee Chairman Hanif Abbasi have directed the contractors to...
10-day petrol crisis: Petroleum Ministry dissolves PSO board, sends OGRa chairman on 3-month leave
ISLAMABAD: The petroleum ministry has dissolved the PSO management board and sent OGRA Chairman Saeed Ahmed Khan on forced leave...
Cost of floods $0.5b, could reach $1.5 to $2b: SECP for devising road map to facilitate farmers
Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has embarked upon developing a roadmap for the commodity market...
Olson discusses release of two $716m CSF tranches, import of live cattle from US with Dar
ISLAMABAD: US Ambassador to Pakistan Richard Olson has called on Federal Finance Ishaq Dar and discussed recent release of two...
NAB to probe into wealth sources of ex-PPP’s minister, wife
ISLAMABAD: The National Accountability Bureau (NAB) will probe into the sources of income of PPP’s former federal minister for communication...
SRO caused Rs80b welfare loss to people, GST rate hike may recover only Rs70b loss
LAHORE - SRO, that was ranked the largest one in Pakistan’s history in terms of its revenue impact, caused total...
8500MW shortfall: China, Iran, India offer to provide 6500MW electricity to curb power crisis
ISLAMABAD: Pakistan has been offered 6,500 megawatts electricity by its three neighbours including China, India and Iran. Sauces said that...
Withholding tax collections increase by 23pc in July-Dec from 19pc
ISLAMABAD - During July-December 2014-15 period, withholding tax collections advanced by 23 percent versus 19 percent growth in the corresponding...
