Arif Habib withdraws announcement to acquire 21% shares of Colgate-Palmolive
KARACHI: Pakistan’s leading investment company Arif Habib Limited (AHL) on Thursday withdrew public announcement of intention (POI) to acquire upto 21.0% voting...
FBR in action after US accusations about its software
ISLAMABAD: The Federal Board of Revenue (FBR) has directed its Information Technology (IT) team to take up the ‘pirated’ version of a...
Saudi Shoura Council approves investment in Pakistan’s renewable energy sector
ISLAMABAD: The Saudi Shoura Council has approved a draft agreement between Saudi Arabia and Pakistan on renewable energy development, Arab News reported.
“The...
Excelerate Energy, Engro Elengy Terminal agree to expand LNG import terminal
ISLAMABAD: Excelerate Energy L P (Excelerate) and Engro Elengy Terminal Ltd (EETL) have signed a Heads of Agreement (HOA) for the expansion...
FTO directs FBR to probe officials involved in registration of fake registered persons
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to investigate the matter of registration of fake registered...
India’s economic slowdown puts PM Modi under pressure
MUMBAI: The Indian government will release its 2020 budget on Saturday, facing stuttering growth and record unemployment and a jump in inflation...
Govt waives off Rs 194m dues against Turkish power firm Karkey
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday waived off Rs194 million port dues of Turkish power company Karkey Karadeniz Elektrik Uretim...
State Bank raises Rs634 billion through T-bills auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs633.57 billion through T-bills, against the target of Rs500...
Razak Dawood reaches Nairobi to attend Pak-Africa trade conference
ISLAMABAD: Advisor to the Prime Minister on Commerce, Industries and Production and Investment Abdul Razak Dawood on Thursday reached Nairobi to attend...
“Don’t feel bad if your wife earns more than you. It happens”: Sindh Governor Imran Ismail
KARACHI: The 10th International Women Leaders Summit had its inaugural dinner at the Sindh Governor’s House in Karachi on Wednesday.
The event, sponsored...
UK companies keen to invest in Pakistan: envoy
ISLAMABAD: UK High Commissioner to Pakistan Dr Christian Turner said on Wednesday that British companies had expressed their desire to visit Pakistan...
ECC again defers hike in gas prices
--Committee waives off Rs194m port dues of Turkish company Karkey as part of an already agreed settlement
--SBP directed to sell its shares...
Farmers seek insurance against Locust attacks
LAHORE: Amid countrywide locust attacks, farmers have approached the government for an increase in the scope of crop insurance scheme to provide them...
Boeing faces annual loss as 737 MAX costs near $19 billion
ILLINOIS: Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would...
SC orders re-inquiry against FBR officer over illegal tax refunds
ISLAMABAD: The Supreme Court (SC) on Wednesday ordered re-inquiry against a Federal Board of Revenue (FBR) officer over illegal tax refunds.
A three-member bench...