FBR directed to take action against officials issuing ‘bogus refunds’
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate disciplinary action against tax officials involved...
China to lower import tariffs from January
Beijing will lower import tariffs on more than 850 products from next month, the finance ministry said Monday, as authorities battle a...
CPPA proposes Rs1.73 per unit hike in power tariff
ISLAMABAD: The Central Power Purchasing Authority (CPPA) has asked the National Electric Power Regulatory Authority (NEPRA) to increase power price by Rs1.73 per...
KSE-100 sheds 824 points amid lack of positive triggers
KARACHI: It was a dull start to the week at the Pakistan Stock Exchange (PSX), as the indices crumbled with the benchmark...
PPL discovers oil & gas deposits in Sindh, Balochistan
The state-owned Pakistan Petroleum Limited (PPL) has announced two oil and gas discoveries in Sindh and Balochistan.
In a letter to the Pakistan...
Dubai’s Emaar to sell view from world’s tallest tower
DUBAI: Emaar Properties is selling the observation decks of the world’s tallest skyscraper the Burj Khalifa, four sources told Reuters, potentially raising...
Japan agrees to employ trained Pakistani labourers
Islamabad and Tokyo have signed a memorandum of cooperation, under which trained Pakistani labourers would be provided with employment opportunities in Japan.
The...
CCI to discuss proposed amendments in Petroleum Policy
ISLAMABAD: The Petroleum Division has proposed six amendments in the Petroleum (Exploration and Production) Policy 2012, and the Council of Common Interests (CCI)...
History suggests rally may slow for US stocks in 2020
NEW YORK: The outsized rally in the US stock market this year may give way to a more muted performance in 2020 if...
‘OGRA-proposed gas rates under active consideration’
The Oil and Gas Regulatory Authority (OGRA) carries out the natural gas price determination for Sui Southern Gas Company (SSGC) and Sui...
PIA losses cut by half: CEO
Pakistan International Airlines (PIA) Chief Executive Officer Air Marshal Arshad Malik announced on Saturday that the management was successful in "bringing down...
2019 sees up to Rs1.5m hike in Suzuki car prices
ISLAMABAD: As car sales have decreased drastically due to a slowdown in economic activities, documentation process and rising inflation, the local assemblers...
Local hotel offers guests complimentary smartphones with free services
ISLAMABAD: Until now, the hospitality industry provided fixed phones and paid local and international calling facility, but guests of one hotel in...
Pakistan asked to submit replies to 150 FATF queries
Pakistan has received a questionnaire, comprising 150 questions, from the Financial Action Task Force (FATF), a private media outlet reported on Saturday.
According...
Germany, EU hit out at US over sanctions on Russian gas pipeline
BERLIN: Germany accused the US of interfering in its internal affairs on Saturday, in an increasingly angry spat over Washington's decision to impose...