1,717 kanal land of people included in Schedule IV seized by ICT

ISLAMABAD: The Islamabad Capital Administration (ICT) under Anti-Terrorism Act, 1997 has seized and frozen the properties against the names of persons included...

‘FBR’s powers to grant tax exemptions, tax concessions have been withdrawn’

ISLAMABAD: The Federal Board of Revenue (FBR) will abolish 30-40 more withholding taxes (WHTs) in a phase-wise manner, FBR disclosed during a...

Chevron offers cost effective packages for Careem captains

KARACHI: Chevron Pakistan Lubricants (Private) Limited has partnered with Careem to offer cost effective oil change packages for Careem captains at participating...

Bank Alfalah partners with TerraPay to launch remittance services in Pakistan

KARACHI: Bank Alfalah and TerraPay, a global payments infrastructure company, have announced a partnership for offering remittance payment services in Pakistan. Through...

Six companies qualify for Pakistan LNG import tender

SINGAPORE: Six companies have technically qualified for an import tender by Pakistan LNG to buy two cargoes of liquefied natural gas (LNG)...

Government amends customs rules to promote free flow of trade

ISLAMABAD: In order to promote the free flow of trade, the government has introduced amendments in customs rules for overseeing international transshipment...

National Financial Literacy Programme FY20 milestones achieved, says SBP

ISLAMABAD: The State Bank of Pakistan (SBP) on Wednesday announced that its National Financial Literacy Programme (NFLP) completed its third year at...

Private sector starts urea production to fulfil demand

ISLAMABAD: The private sector on Wednesday started urea production at a concessional rate to fulfil this year’s demand. According to sources, Agritech Limited...
Power sector

KP govt incurring Rs5bn annual losses from Ranial Power Project

PESHAWAR: Due to the unavailability of transmission lines, the Ranial Power Project is causing an annual loss of Rs5 billion to Khyber...

FPCCI protests over cancellation of its general body meeting

ISLAMABAD: The Federation of Pakistan Chambers of Commerce &Industry (FPCCI) has lodged an official complaint to the Directorate General of Trade Organisations...

Pak-China trade resumes temporarily through Khunjerab Pass

ISLAMABAD: After remaining closed for a period of eight months for all kinds of trade activities, the Pakistan China border has been...

Oil prices hit five-month high as US crude stocks fall sharply

NEW YORK: Oil prices rose to their highest since early March on Wednesday after a large decline in US crude inventories and...

Gold price continues to rise, hits new peak at Rs128,700 per tola

In the int'l market, gold price breached its historic resistance of $2,000 an ounce

PM’s aide lauds resumption of Sino-Pak trade through Khunjerab Pass

ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday hailed the resumption of Sino-Pakistan trade through Khunjerab...

ECNEC approves $6.8bn for Pakistan Railways’ ML-1 Project

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved the project of Pakistan Railways for the up-gradation of...