Govt to import 1.4mn tonnes wheat to fulfill shortfall 

ISLAMABAD: The federal government is likely to import 1.4 million tonnes of wheat at an estimated price of Rs1,929 per 40 kilogrammes...

Taxpayers urge FBR to extend Tax Amnesty Scheme till December 31

ISLAMABAD: A larger number of taxpayers have urged the Federal Board of Revenue (FBR) to extend the last date of Tax Amnesty...

180,000 foreign workers repatriated from Abu Dhabi in three months

ABU DHABI: In recognition of workers' contribution to the country, the Abu Dhabi government said on Sunday that it has prioritised the...
Oil storage

FBR begins stocktaking of OMCs

The Federal Board of Revenue has begun stocktaking of Oil Marketing Companies (OMCs) after the government increased petrol prices by Rs25.58 on...

OGRA issues 63 LPG licences in first nine months of FY20

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has issued around 63 licences of varying nature for the promotion of the Liquefied Petroleum...

Global Covid-19 fundraising meeting raises $6.9 billion, leaders want vaccine for all

BRUSSELS: A global fundraising meeting on Saturday raised 6.15 billion euros ($6.9 billion) from the United States, the European Commission and numerous...
Careem-and-Uber

Uber’s Middle East business Careem sees ride-hailing recovery next year

DUBAI: Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels “sometime” in 2021, encouraged by a better-than-expected...

Closure of cargo sheds on Saturdays hampering supply of medicine, medical equipment, says FBR 

ISLAMABAD: The Federal Board of Revenue (FBR) in a letter written to the aviation secretary has requested that air freight units and...

Privatisation is not a revenue generator

Here is how the federal finance ministry thinks about privatisation: the government will sell assets in absolute desperation when it needs to...

‘Trade diplomacy’: Pakistan to gift mangoes to heads of states

'The initiative has a well-defined objective to further strengthen diplomatic relationships with friendly countries, besides introducing the fruit to new markets'

Govt to collect approx Rs75bn in July from POL consumers

ISLAMABAD: The government is expected to collect approximately Rs75 billion on account of different taxes, levy, duty etc from consumers of petroleum products...

Millions of dollars belonging to Pakistani freelancers stuck indefinitely amid Wirecard fraud

Updated news: Pakistani freelancers to regain access to blocked funds on Payoneer cards today.   LAHORE/KARACHI:Thousands of Payoneer users in Pakistan are expected to...

Pakistan finally adopts int’l safety standards for vehicles

'Due to lack of required facilities, implementation of regulations can be a big challenge for regulators'

KP traders to protest imposition of ‘SOPs violation fine’

'More than 4,000 traders in Peshawar will be at risk of losing millions if the administration continues to seal business centres'

Business community resents ‘exorbitant hike’ in POL prices

--Lahore chamber fears an increase in cost of doing business; calls for reduction in petroleum taxes --ICCI chief criticises timing of decision,...