Petroleum Division moves for ‘unbundling’ of SNGPL, SSGC
ISLAMABAD: The Petroleum Division has requested the Cabinet Committee on Energy (CCoE) to grant an approval for the "unbundling" of the two...
Agha Steel makes a strong entry to stock market
KARACHI: The Agha Steel Industries Limited’s initial public offering (IPO) will result in Agha Steel becoming the third company to be listed...
SC clears way for Naya Pakistan Housing Programme
ISLAMABAD: The Supreme Court of Pakistan on Thursday rejected a plea against the Financial Institution (Recovery of Finances) Amendment Act, removing a...
PM for eliminating unnecessary withholding taxes
ISLAMABAD: Prime Minister Imran Khan has directed the officials concerned to pay special attention on the elimination of unnecessary withholding taxes.
Chairing a...
Depleting gas reserves not enough to meet winter demand, Senate told
ISLAMABAD: Federal Energy Minister Omer Ayub Khan said on Thursday that the country was going to face gas shortage in the upcoming...
Rupee continues to strengthen against dollar as greenback falls to Rs161.82
Pakistani Rupee gained 60 paisas against the US Dollar on Thursday, closing the session at Rs161.82 in the open market, according to...
PM Imran directs banks to facilitate the poor in availing loans
ISLAMABAD: Prime Minister Imran Khan, while chairing a meeting of the National Coordination Committee on Housing, Construction, and Development on Thursday, emphasised...
Wheat support price to be fixed next week: minister
ISLAMABAD: National Food Security Minister Fakhar Imam has said the decision regarding wheat support price will be taken next week.
Chairing a meeting in...
Jack Ma to buy one-fifth of Ant shares in mega IPO
HANGZHOU: Alibaba Group agreed to subscribe to more than a fifth of Ant Group’s imminent initial public offering, propping up its part-owned...
‘Refund claims of Rs953m processed through automated duty drawback payment system’
ISLAMABAD: At least 7,998 claims amounting to refunds of around Rs953 million have been processed through the automated Duty Drawback (DDB) system...
Businessmen demand abolishment of dual taxation, broadening of tax base
PESHAWAR: The business community of Khyber Pakhtunkhwa on Thursday urged the provincial government to take prudent measures for elimination of double taxation,...
Audit report finds appointment of senior S&T official irregular, calls for inquiry
ISLAMABAD: In an interesting development, auditors have found the appointment, regularization and proportion of a BS-19 officer, who holds three important positions...
Govt withdraws Rs70bn Covid-19 relief programme
The Ministry of Planning and Development has withdrawn the Covid-19 Responsive and other Natural Calamities Control Programme costing Rs70 billion due to...
PSX breaks bullish streak as index falls 336 points
KARACHI: A three-day long bullish streak broke on Thursday as the Pakistan Stock Exchange (PSX) closed in the negative amid profit booking.
Equity...
Coca-Cola results beat as sales improve from pandemic lows
Coca-Cola Co beat revenue and profit expectations on Thursday as strong “at-home” sales helped the world’s largest soda maker bounce back from...