OGRA imposes Rs15m penalty on three OMCs
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Monday imposed a total penalty of Rs15 million on three Oil Marketing Companies (OMCs)...
Four steel companies issued tax evasion notices
FBR seeks from the companies info regarding their involvement in tax evasion of up to Rs50bn per year
Pakistan launches electric vehicle plan with cars in slow lane
LAHORE: Ghulam Hussain was used to zipping through the streets of Lahore with his wife and three young children perched perilously on his...
Resilient PSX withstands terrorist attack; index gains 242 points
Despite an attack on PSX building earlier in the day, the index managed to accumulate decent gains to surpass the 34,000-mark
Oil mixed on improving economic data, uptick in virus cases
LONDON: Oil prices were mixed on Monday, supported by improving economic data and supply cuts by major producers, but held in check...
Amazon to pay $500m in one-time bonuses to Covid-19 front-line workers
Amazon.com Inc said on Monday it would spend $500 million on one-time bonuses to its front-line employees and partners working through the...
Covid-19 an opportunity to initiate structural reforms in Pakistan, says WB economist
LAHORE: World Bank Senior Economist Gonzalo Varela on Monday said that the Covid-19 pandemic is an opportunity to initiate structural reforms in...
Virus lockdown: Gul Ahmed reports Rs8bn loss in revenue
LAHORE: The retail stores of Gul Ahmed Textile Mills Limited (GATM) across the country had remained closed for approximately eight weeks, owing...
Rupee continues to slide despite foreign inflows
PKR falls 0.52 paisas to Rs168.1 against USD in interbank market
‘SBP’s principal deferral scheme to facilitate cash-strapped cement sector’
LAHORE: The State Bank of Pakistan (SBP) has introduced a principal deferral scheme whereby principal to be repaid in FY21 can be...
Amid heated debates, National Assembly passes Finance Bill 2020-21
–160 lawmakers vote in favour of Finance Bill, 119 against it
–Bilawal asks PM to 'either resign or seek forgiveness from people for...
Attack on PSX thwarted, all four terrorists killed: Rangers
Trading was not halted and continued smoothly, responsibility for the attack was claimed by the Balochistan Liberation Army (BLA) on Twitter
Germany to sever ties with accounting watchdog after Wirecard scandal
BERLIN: The German government plans to terminate its contract with the country’s accounting watchdog after payments company Wirecard filed for insolvency last...
Facebook ad boycott campaign to go global, organisers say
Organisers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now...
HEC, Microsoft launch Certification from Home Platform for Pakistani students
ISLAMABAD: The Higher Education Commission (HEC) of Pakistan has reached an agreement with Microsoft to provide students a Certification from Home Platform...