FBR significantly changes the taxation of capital gains on disposal of immovable property
ISLAMABAD: Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property.
The changes...
Gas infrastructure remains underdeveloped as Rs818bn GIDC awaits intended use
During the last nine years, the federal government has collected Rs818 billion as Gas Infrastructure Development Cess (GIDC), however, it has failed...
Oil prices at one-month low on demand worries
LONDON: Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker US gasoline demand...
Asad Umar directs officials to expedite work on KCR project
ISLAMABAD: Planning and Development Minister Asad Umar has asked the authorities concerned to take all possible measures for speedy completion of the...
Govt committed to producing cheap power to meet growing needs: minister
LAHORE: Energy Minister Omar Ayub Khan has said that the government is focusing on alternate resources to produce cheaper power so as to...
IBA: No attendance exemptions if Covid positive
In a recently announced set of Standard Operating Procedures (SOPs), the Institute of Business Administration (IBA) Karachi has informed its students that...
Pakistan’s exports plunge 19.5pc YoY in August
PM's commerce adviser attributes the fall to 'unprecedented monsoon rains' which disrupted the supply chain
KCCI rejects hike in power tariff, demands immediate withdrawal
KARACHI: Karachi Chamber of Commerce & Industry (KCCI) President Agha Shahab Ahmed Khan has said that the announcement of up to Rs2.80 per...
SBP reserves up $71.9m to 12.7bn
The central bank’s foreign exchange reserves increased 0.6pc on a weekly basis, according to data released by the State Bank of Pakistan...
IOSA team due on Saturday for safety audit of PIA
KARACHI: An IATA Operational Safety Audit (IOSA) team will be arriving in Pakistan on September 5 (Saturday) to conduct a safety audit of...
Over Rs538bn added to circular debt in FY20, Senate body told
ISLAMABAD: The Senate's Standing Committee on Power was informed on Thursday that with an addition of over Rs538 billion during the last...
China strongly opposes India banning Chinese mobile apps
BEIJING: China’s commerce ministry said on Thursday it strongly opposed India banning Chinese mobile apps.
Indian actions violate the legal interests of Chinese...
July 2020: US, UK and UAE remain top export destinations for Pakistan
Pakistan's exports to China fell from $167m in July 2019 to $105.8m, while exports to Afghanistan dropped from $108.6m to $61.2m
JS Bank posts Rs1.47bn profit before tax for 1H2020
JS Bank has reported a turnaround in its profitability by posting a profit before tax of Rs1,472 million for the half-year ended...
PM Imran directs speedy revision of big cities’ master plans
Chief secretaries and heads of development authorities asked to upload info of approved residential projects on their websites and ensure the same is updated on a daily basis