Govt devises plan to attract $5bn FDI in oil and gas industry
ISLAMABAD: The government has devised a plan to attract foreign direct investment (FDI) of $5 billion for the exploration and production of...
Taxes on mobile phones highest in Pakistan in developing Asia: GSMA report
ISLAMABAD: Tax payments and fees on mobile consumers and operators in Pakistan are among the highest in developing Asia, said a report...
FY21: IMF agrees to slash FBR’s tax target to Rs4.9tr
ISLAMABAD: The International Monetary Fund (IMF) has agreed to slash the Federal Board of Revenue's tax collection target to Rs4,900 billion for...
SBP should allow banks to lend to software houses without fixed collateral: CEO Systems Ltd
LAHORE: Systems Limited CEO Asif Peer has suggested a set of overarching reforms to boost IT exports from Pakistan in the wake...
Prolonged lockdown to severely impact Pakistan’s economy: SBP
KARACHI: An increase in the time span of measures taken to curtail the Covid-19 pandemic spread in Pakistan will severely impact the...
Achasoda.com bids to simplify procurement for businesses
ISLAMABAD: Achasoda.com, a B2B e-commerce platform that can potentially simplify the procurement process for buying businesses has been launched in Pakistan.
The platform is...
Govt fails to rationalise tariff structure despite tall claims
ISLAMABAD: Despite making tall claims about 'tariff structure rationalisation after due consultations with stakeholders', the commerce ministry, industries & production ministry and...
Tobacco sector lobbying for tax concessions in upcoming budget
LAHORE: As the federal budget approaches the tobacco sector has stepped up its efforts to lobby for tax concessions, amid an economic...
Covid-19 global recession worst since World War II: WB
Pakistan’s GDP expected to contract 2.6pc for FY20, 0.2pc for FY21
Oil slips despite OPEC+ cuts as Gulf ends voluntary curbs
LONDON: Oil slipped on Monday after Saudi Arabia said that an extension of output cuts by OPEC+ nations would not include additional...
Omar Ayub irked over fuel shortage, forms body to identify ‘black marketers’
--Minister claims some elements creating 'artificial shortage of fuel' only to maximise their profits
--Orders cancellation of OMCs' licences if anyone found negligent
ISLAMABAD:...
Pakistan, Germany sign Rs700mn agreement on renewable energy
ISLAMABAD: Germany will provide technical assistance, worth Rs700 million, to Pakistan in the field of renewable energy and energy efficiency.
An agreement was...
‘Petrol stocks continuously being replenished by OMCs’
--OCAC says 50pc growth in sales post-corona lockdown had caused depletion of stocks
--Requests consumers not to resort to 'excessive buying'
KARACHI: On behalf...
Govt to ensure targeted disbursement of Rs50bn agriculture package, says Hafeez Shaikh
ISLAMABAD: Advisor to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh on Monday assured full support to a targeted...
Karachi to receive additional 1,400MW electricity by 2023: Asad Umar
ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Monday that Karachi city would receive additional 1,400MW electricity by 2023.
He...