PIA records Rs32.7bn loss in first half of 2019
KARACHI: Pakistan International Airline (PIA) and its subsidiary, PIA Investments Limited, continue to bleed massively due to a variety of reasons, ranging...
PM postpones Jalalpur Canal foundation laying till 26th
PM Imran refuses to lay foundation stone until 'amicable solution to land acquisition issues'
Tania Aidrus, Razzak Dawood discuss digitalisation initiative
ISLAMABAD: Tania Aidrus, head of the newly launched Digital Pakistan Initiative, held a meeting with Adviser to Prime Minister on Commerce Abdul Razzak...
Germany to provide €12.5m for GB uplift projects
Pakistan and Germany have signed the financing agreement for Hydropower and Renewable Energy Phase-II worth Rs2.14 billion.
Economic Affairs Secretary Dr Syed Pervaiz...
Artists urge IPO to follow NAB’s footsteps to curb piracy
ISLAMABAD: The country's film industry has urged the Intellectual Property Organization (IPO)-Pakistan to follow the National Accountability Bureau (NAB) in its drive against...
Pakistan, World Bank sign $406.6m loan agreement for KPEC
'Khyber Pass Economic Corridor Project aims to construct a 48km-long, dual carriageway, access-controlled motorway from Peshawar to Torkham'
Sindh govt to bring 2.4m Karachi housing units into tax net
KARACHI: The Sindh government is all set to bring at least 2.4 million new housing units into the tax net by conducting...
Customs recovers Rs221m allegedly evaded tax money from OGDCL
ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) was involved in alleged tax evasion worth Rs221.7 million, as it wrongly claimed...
Trade deficit contracts 33pc to 9.7bn
Pakistan's trade deficit contracted 33pc to $9.7 billion in first five months of the current fiscal year (FY20) on the back of...
SECP issues ‘Regulatory Sandbox Guidelines’ to facilitate startups
ISLAMABAD: In order to promote innovation in the financial sector and to encourage startups, the Securities and Exchange Commission of Pakistan (SECP) has...
NA body opposes bill proposed to meet FATF conditions
--Govt proposes inclusion of 'economic crimes' and 'illegal money transfers' in Anti-Terrorism Act
--Opposition members fear that amended ATA will be used by...
Draft of Int’l Transshipment Rules framed
In line with the federal government's policy to create an investment and trade-friendly environment in the country, a dedicated team was constituted...
ECC approves Rs459.5m technical grant to combat locusts
ISLAMABAD: As the desert locusts have become a threat to the country's agricultural sector, the Economic Coordination Committee (ECC) on Thursday approved...
Remittances surge 9.35pc to $1.8bn in Nov
ISLAMABAD: Overseas Pakistani workers remitted $9,298.57 million during the first five months (July-November) of Financial Year 2019-20 compared to $9,281.94 million received during...
FBR officers deployed at sugar mills to curb tax evasion
ISLAMABAD: The Federal Board of Revenue (FBR) has deployed its officers at 20 sugar mills to monitor the commodity's production, sales and...