Action against 14 proscribed persons, 47 NPOs under AML/CFT drive: SECP
ISLAMABAD: Following the directions of National Counter-Terrorism Authority (NACTA), the Securities and Exchange Commission of Pakistan (SECP) has taken strong action against...
FBR shortfall surges Rs208bn in eight months
Despite downward revision by IMF, FBR likely to miss annual target by around Rs400bn
TDAP asked to assess coronavirus impact on Pakistani market
LAHORE: The Ministry of Commerce has asked the Trade Development Authority of Pakistan (TDAP) to submit daily reports regarding the impact of coronavirus...
Govt to announce textile policy in next two weeks
ISLAMABAD: Advisor to Prime Minister on Commerce, Textile, Industries and Production Abdul Razak Dawood has said the present government is working on...
Torkham containers scam: FBR asked to submit report in one month
ISLAMABAD: The parliamentary panel on Thursday directed the Federal Board of Revenue (FBR) to submit a detailed report on Torkham containers scandal...
IMF, Pakistan reach staff-level agreement for $450m tranche
WASHINGTON: Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of...
CAA’s latest initiative may harm PM’s tourism plan
KARACHI: The Civil Aviation Authority (CAA) is looking at the possibility of suspending flight operations from 12 am to 6 am across the...
NPLs rise 11.8pc to Rs776bn in Dec 2019
KARACHI: The non-performing loan (NPLs) within the banking industry increased by 11.76pc YoY to Rs776 billion at the end of the last...
FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s
KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...
Pakistan fails to get any firm US commitment on trade ties
ISLAMABAD: Secretary Commerce of the United States of America Wilbur Ross avoided making any firm commitment to Pakistan during his visit to...
Power tariff reduced for textile sector
LAHORE: The federal government has agreed to provide electricity to the textile and other zero-rated industries at the rate of 7.5 cents/kWh...
FIA files case against 4 National Savings employees for embezzling funds
ISLAMABAD: The Federal Investigation Agency (FIA) has filed a case against officers and security guard of the National Savings for embezzling funds worth...
SBP raises Rs388bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs388 billion through T-bills, exceeding the target set of Rs300...
US seeks to boost trade with Pakistan, says top official
Commerce Secretary Wilbur Ross apprised of Pakistan’s economic reforms, investment opportunities, FATF compliance
Trains between Quetta, Taftan suspended as coronavirus claims 15 lives in Iran
Amid reports of 15 deaths due to deadly coronavirus in Iran, the Pakistan Railways on Wednesday suspended the operation of trains between...