Business
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10% GST on POL products challenged in SC
ISLAMABAD: The Supreme Court moved against increase in the General Sales Tax (GST) on products of petroleum until the ruling...
Dar sets 5.1% growth target for current fiscal year
DUBAI: Finance Minister Ishaq Dar held a meeting with the International Monetary Fund (IMF). The mission was led by Mr....
Cotton bales supply to 267 ginneries increases to 14m by 10.19pc from 2014, 14.34m in ginning process
MULTAN: As of Feb 1 over 14 million seed cotton (phutti) bales reached ginneries across the country, posting a 10.19...
10% increase in GST on petroleum products flayed: Opp calls for probe into oil shortage
ISLAMABAD: Opposition Leader in National Assembly, Syed Khursheed Shah, has reiterated that the benefit of reduction in prices of petroleum...
Luggage from PK-368 offloaded as 100s of PIA employees go on strike
RAWALPINDI - The PIA employees observed a strike to put pressure on the government to take back a decision to...
4 surveys since 2009: Emission level of radio waves from mobile towers not dangerous, claims PTA
KARACHI: The Pakistan Telecommunication Authority (PTA) and Frequency Allocation Board (FAB), in a statement, have claimed that the emission level...
CDA retrieves 300 kanals in Sector E-12, takes possession of 1,200 others
Islamabad - The Capital Development Authority (CDA) has retrieved 300 kanals of land and got possession of 1,200 kanals in...
Govt’s Rs18.5b bailout package helps increase PSM production from 1.4% in April to 30% of 1.1 million tons in Dec-2014
KARACHI: Due to the federal government’s Rs18.5 billion bailout package (Financial Restructuring Package), the Pakistan Steel Mills production has been...
Right fertiliser at right rate at right time in right place: UN’s FAO for appropriate use of fertilisers
ISLAMABAD: United Nation Food and Agriculture Organisation’s (FAO) representative in Pakistan, Patrick Evans, while addressing a symposium on ‘Public-Private Partnership...
KCCI asks FBR to bring 240,000 noticed tax evaders to book: 700,000 still unpunished in five years
KARACHI – Commenting on notices issued by the Federal Board of Revenue (FBR) to 240,000 tax evaders, Karachi Chamber of...
Rs18.5b NBP Bangladesh fraud: NA body suggests NAB to probe against 4 ex-chairmen, others
ISLAMABAD - The National Assembly’s Standing Committee on Finance and Revenue asked the Finance Ministry to refer to National Accountability...
Out of 50 SMEs, 10 to be made model factories: JICA, SMEDA for boosting auto parts manufacturing industry
LAHORE: Japan International Co-operation Agency (JICA) and the Small and Medium Enterprises Development Authority (SMEDA) are starting a four year...
425MW Nandipur project to be functional: $6-8b worth 6,600MW Gadani power project no more a govt priority
ISLAMABAD: The federal government is delaying $6-8 billion worth 6,600MW coal-based Gadani Power Park Project, revealed Power Ministry and Pakistan...
SA resolution: 650MW supply to K-Electric to be ensured as Karachi gives country 70pc revenue
KARACHI - The House adopted a resolution to ensure uninterrupted supply of 650MW from National Grid to K-Electric regardless of...
GGP scheme: Japan grants $102,008, Indus Motors Rs1.4m to JSO to buy ambulances
KARACHI - Under its Grant Assistance for Grassroots Human Security Projects (GGP) scheme, the Japanese government has extended a grant...
2009-2014 saw rise in currency from Rs1,224b to Rs2,500b: Automation of cash-processing businesses in 5 years: SBP
LAHORE –The State Bank of Pakistan sees total transformation of cash processing business from manual to automation in next five...
Rs136b to be raised by selling HBL shares: Govt will not privatise OGDCL, retreats Abbasi
ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has retreated that the government will not privatise Oil...
LTC declares 9.24% fare cut on petrol-run and 6.68% on diesel-run vehicles
LAHORE: Lahore Transport Company (LTC) has announced 9.24 per cent fare cut on petrol-run vehicles and 6.68 per cent has...
Another cut in fuel prices, govt to earn Rs 12b revenue by imposing 5% GST
ISLAMABAD: The government has declared another reduction in fuel prices and imposed a further five percent general sales tax. The...
Gwadar free trade zone: Govt to hand over 2,281 acres land to China on lease for 40 years
ISLAMABAD: A lease agreement is under process to hand over 2,281 acres of land to the China Overseas Port Holding...
