Business
Stay updated with Business News, Pakistan Taxation news, Current world customs news and latest FBR news with Customs Today
Agri credit soars 40% to Rs299.4b in July-Oct, ZTBL disburses Rs10.7b
KARACHI: Banks disbursed Rs128.1 billion during July-October, which is 25.6 per cent of the annual target of Rs500 billion. The...
PM Nawaz rejects 30% hike in gas tariff to recover Rs69b: 2,500MW to be added by 2015
ISLAMABAD: Prime Minister Nawaz Sharif deferred implementation on a decision regarding 30 percent proposed increase in tariff of gas for...
24, 921, 101 worth Rs1b securities transferred: CDC committed to facilitating KASB accountholders
KARACHI: Central Depository Company of Pakistan handled 126 Transfer of Holding Cases (THC) while 24,921,101 securities worth around Rs1 billion...
IFC to buy 238m shares of Alfalah Bank with $67m initial investment
KARACHI: The Bank Alfalah Limited signed with the World Bank’s International Finance Corporation (IFC) under which the latter, initially, will...
30pc hike or Rs69b burden: PM gives gas tariff hike plan thumbs down
ISLAMABAD: Prime Minister Nawaz Sharif deferred implementation on a decision regarding 30 percent proposed increase in tariff of gas for...
KCA fixes cotton at Rs5144/maund, kerb market trades in range Rs4300-5100/maund
KARACHI: The Karachi Cotton Association on Friday fixed the official spot rate or base price for Grade 3 cotton at...
Banks earn Rs176 billion profit with 44pc growth in July-Sept
KARACHI: The State Bank of Pakistan (SBP) has issued report regarding banks earning during the third quarter of current year....
Rs10b ECC subsidy: PM orders implementation of Rs5,000/acre compensation to basmati rice growers
ISLAMABAD: PM Nawaz Sharif on Friday directed the authorities concerned to immediately implement the decision taken by the Economic Coordination Committee...
$39m loss: Foreign reserves slip to $13.228b from $13.267, SBP keeps $8.494b
KARACHI: The State Bank of Pakistan (SBP) has reported that the country’s total liquid foreign exchange reserves have decreased to...
POL Rs9.43/litre cut: ECC shocks nation with 30% gas tariff hike to recover Rs69b
ISLAMABAD: The federal government, after giving the masses Rs9.43/litre relief in petroleum, oil & lubricant (POL) prices, has shocked the...
50,000MW power generation: Engro powergen issued LoI for 660MW coal power project at Thar
ISLAMABAD: What is being described as milestone, the Private Power and Infrastructure Board (PPIB) issued Letter of Interest (LoI) to...
$80 to $100 price difference: 70pc EU buyers place 40,000 tonnes rice orders to Indian
LAHORE: Apart from other obstacles, the difference of around $80 to $100 per tonne in the export price of rice,...
Punjab govt approves 8000 low-income houses at 20% down payment, 10 installments
LAHORE: The Punjab government has approved the construction of 8,000 low-income housing units in Lahore on public-private partnership. The apartments,...
$13b to $26b textile exports target in shambles: 50% less production with 3-month gas suspension
LAHORE: In the country’s total textile exports of $13 billion plus, Punjab contributes major share of $6 billion and the...
Missing macroeconomic targets: GDP to remain 3.5-4%, fiscal deficit to rise 5.5-6%, agri sector to grow 2%
ISLAMABAD: The PML-N-led federal government once again would not be able to achieve main macroeconomic targets, including GDP, budget deficit...
KCA reduces cotton rates by Rs50 to Rs4,850/maund, TCP to buy 300,000 bales
KARACHI: The rates of cotton fell for the third consecutive day and most deals on ready counter were also finalised...
$6.67b IMF package: Pakistan asked to raise gas tariff by 23%, end exemptions to collect Rs2810b
ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to put limit on the circular debt and prepare Plan B...
Rs50m loan among violation: SECP takes up 62 show-cause, 30 already concluded
ISLAMABAD: While enforcing compliance of corporate and allied laws, the Securities and Exchange Commission of Pakistan (SECP) began proceedings on...
Austria invests $500m in FY2013-14, $250m in oil, gas sector
LAHORE: TUV Austria Group’s Chief Executive Officer Dr Stefan Haas Haas has said that Austrian companies want to boost trade...
Rs160b wake-up call of KSL: SECP initiates 62 show-causes, takes up 45 investor complaints, 30 proceedings
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has started show cause proceedings against 62 violators of different legal requirements....
