British American Tobacco to set up business services hub in Pakistan
BAT clarifies that Pakistan setup is being established 'in parallel to the company's business in Malaysia', and will serve Asia Pacific and Middle East region
PIA finally reduces fares for GB after suo motu notice by court
ISLAMABAD: The Pakistan International Airlines (PIA) has reduced its fares on the Gilgit/Skardu-Islamabad route for both sides, a report submitted to the...
FBR withdraws 5pc regulatory duty on cotton import
ISLAMABAD: In compliance with the government’s decision, the Federal Board of Revenue (FBR) has withdrawn five per cent regulatory duty on the...
Government proposes major tax exemptions for Electric Vehicles
ISLAMABAD:In order to promote the use of electric vehicles in the country, the government has decided to offer massive tax exemptions.
As per...
CPPA recommends Rs1.52 per unit hike in power tariff
ISLAMABAD: The Central Power Purchasing Agency (CPPA) has recommended the National Electric Power Regulatory Authority (NEPRA) to approve a Rs1.52 per unit...
Norway to forge cooperation with Pakistan in renewable energy sector: envoy
ISLAMABAD: Ambassador of the Kingdom of Norway to Pakistan Kjell Gunnar Eriksen on Wednesday appreciated the newly promulgated Renewable Energy Policy of...
Pact inked to procure 80 buses for Green Line project
KARACHI: Pakistan has signed an agreement with a Chinese company for procurement of buses for Karachi’s Bus Rapid Transport (BRT) Green Line project.
According...
Oil steadies as surprise US stockbuild weighs
LONDON: Oil steadied on Wednesday after earlier losses sparked by an unexpected rise in US crude oil inventories, and as President Donald...
Provinces term NEPRA’s annual report ‘contradictory to ground realities’
PESHAWAR: The governments of Khyber Pakhtunkhwa, Sindh and Balochistan have termed the annual report of National Electric Power Regulatory Authority (NEPRA) "contradictory...
Fawad Chaudhry lauds PepsiCo-Amal youth programme as 1,600 students graduate
LAHORE: PepsiCo Pakistan on Wednesday hosted a virtual graduation ceremony for 1,600 fellows of the PepsiCo-Amal youth programme.
The speakers at the ceremony...
Stocks add 180 points in volatile session
KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the indices swinging both ways in search of a...
Honda to stop production at one of two India plants
NEW DELHI: Honda Motor Co has halted production at one of its two car manufacturing plants in India, the carmaker said on...
LG and Magna announce billion dollar joint venture in electric car gear
The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to...
FBR to question taxpayers on concealed information
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to question those taxpayers who did not declare their taxable income under the...
Pakistan’s IT exports rise 39pc in July-Nov FY21
KARACHI: Pakistan's IT exports increased 39pc to $763 million in the first five months (July-Nov) of the current fiscal year (FY21), data...