Rs1,150bn tax expenditure recorded for FY20: FBR report
ISLAMABAD: The Tax Expenditure Report 2020 released by the Federal Board of Revenue (FBR) on Wednesday states that tax expenditure from federal...
Development of KP’s merged districts govt’s top priority: PM
ISLAMABAD: Prime Minister Imran Khan on Wednesday said that uninterrupted provision of development funds to merged districts of erstwhile Federally Administered Tribal Areas...
PTA rebuffs media report, terms VPN registration process ‘simple and swift’
Refuting a recently published media report titled ‘How PTA’s Corporate VPN ban could cripple small IT businesses and startups’, the Pakistan Telecommunication...
Progress on Diamer Bhasha Dam reviewed
Faisal Vawda lauds progress made on the project despite corona-related slowdown
Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself
GNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200...
Gold price jumps Rs2,000 to 105,100 per tola
Price of 10-gram gold reaches Rs90,106
Petrol crisis caused by increased demand, reduction in smuggled fuel from Iran, says Nadeem Babar
ISLAMABAD: Special Assistant to the Prime Minister on Petroleum Division Nadeem Babar while briefing the federal cabinet regarding the on-going petrol crisis...
Covid-19: IMF revises down Pakistan’s FY21 growth forecast to 1pc
Forecast for ongoing fiscal year also revised from 1.5pc to -0.4pc
Govt plans to convert locust swarms into fertilisers
Food ministry proposes to incentivise locust collection through community mobilisation
Stocks end flat amid dull, directionless trade
KARACHI: After cumulatively adding around 600 points in the first two days of the week, the Pakistan Stock Exchange (PSX) moved within...
US pilots union asks government to subsidise empty seats on planes
CHICAGO: A major United States (US) pilots union said on Wednesday it has begun discussing with key lawmakers a plan for the...
Govt prioritises privatisation of two RLNG-based power plants
ISLAMABAD: A meeting of the Privatization Commission was held on Wednesday to discuss the privatisation status of entities included in the government's...
Oil falls on rising stocks, worries of new virus wave
LONDON: Oil prices fell on Wednesday, reversing the previous session’s surge, as record high inventories and worries about a second wave of...
KP’s budget deficit likely to persist in FY22, FY23
Peshawar: The Khyber Pakhtunkhwa (KP) Finance Department has forecasted that the budgets for FY22 and FY23 will see deficits of Rs72 billion...
Cabinet body mulls ways to reform bad-performing SOEs
Finance ministry attributes the poor performance of state entities to 'lack of technical expertise and specialised skills, excessive interference, and over-regulation by multiple govt agencies'