Rs250b premium prize bonds surrendered till January 2020

KARACHI: Investors surrendered about Rs250 billion worth of ownerless prize bonds of  Rs40,000 denomination following the government decision to freeze sales of...

Foreign divestment in T-bills reaches $174m

KARACHI: Total gross divestment during March 2020 has reached $174.41 million, according to data released by the State Bank of Pakistan (SBP). Foreign...
Cabinet

Cabinet-approved perks for lawmakers will cost Rs300m

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government ostensibly will ensure privileges for the members of parliament has approved certain amendments to Section 10 of...

SBP sells Rs109.6bn worth of PIBs

KARACHI: The State Bank of Pakistan (SBP) has raised Rs109.6 billion through the sale of Pakistan Investment Bonds (PIBs), according to a statement...

Govt approves long-term lease of PIA’s Roosevelt Hotel

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has approved to give on long-term lease Pakistan International Airline's Roosevelt Hotel in New York. In a meeting...

ECC approves measures to boost remittances through banking channels

--Remittances transferred into bank accounts will be exempted from WHT from July 2020 --A National Remittance Loyalty Programme will be launched from Sept...

PM calls for early privatisation of non-profitable entities

ISLAMABAD: Prime Minister Imran Khan said on Wednesday that the privatisation of non-profitable institutions and unused government properties was in the national...

AGP rejects petro ministry’s nominee for NSGP project

Report claims PM's adviser, officials lobbying for ETK while AGP has put its weight behind TMK

Govt to impose new tax on underground water usage

KARACHI: The government of Sindh on Tuesday decided to impose a new tax on the use of water in the province. A draft of...

CDWP approves seven projects worth Rs12.23bn

ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday approved seven projects worth Rs12.23 billion and recommended five projects worth Rs158.230 billion to...

After court order, LESCO starts issuing revised bills to textile millers

LAHORE: The Lahore High Court has stopped power distribution companies (DISCOS) -- Lahore Electric Supply Company and Faisalabad Electric Supply Company --...

Govt reduces petrol price by Rs5 per litre

ISLAMABAD: The government on Saturday reduced the price of petrol by Rs5 per litre to provide relief to the consumers. According to a...

Sindh economy needs renewables, women empowerment: Ishrat Hussain

KARACHI: Sindh’s economy will only improve with increased investment in renewable energy, and an increase in women education, said Adviser to Prime...

Pakistan eyes capturing UK market post Brexit

LAHORE: The Trade Development Authority of Pakistan (TDAP) would hold consultative sessions with major Pakistani exporters to deliberate ways to capture the UK's...

Electric vehicles revolution in Pakistan after EV policy: Amin

ISLAMABAD: Adviser to the Prime Minister on Climate Change Malik Amin Aslam Saturday underlined that in an era when electric vehicles (EVs)...