Tarbela 4th extension generates 5.6 billion units electricity, WB president told

ISLAMABAD: Tarbela 4th extension hydropower project has contributed 5.6 billion units of low-cost electricity to the grid since its launch last year,...

Pak-China JWG on Agriculture Cooperation visits PARC

ISLAMABAD: A delegation of Pak-China Joint Working Group (JWG) on Agriculture Cooperation visited Pakistan Agricultural Research Council (PARC) here on Thursday. The delegation...

Businessmen propose bond swap for circular debt

ISLAMABAD: With total circular debt close to Rs1.7 trillion, the government is considering to introduce swap bonds to re-profile short- and medium-term...

German firm applies for license to set up 50MW solar plant

KARACHI: A Germany-based developer has applied for a generation licence to set up 50 megawatts of solar power plant in Balochistan with...

Govt borrows $2.07bn in loans, grants during 1QFY20

ISLAMABAD: The Pakistan Tehreek Insaf (PTI) government has taken Rs2.075 billion loan/grant during the first quarter of the current fiscal year (FY20). As per...

PM apprised of measures to control interest, inflation rates

State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Thursday apprised the prime minister on the financial strategies to control interest...

Sindh govt introduces one-window system for businesses

Sindh Chief Minister Syed Murad Ali Shah said on Thursday that the provincial government has introduced a one-window system to provide maximum...

PM Imran updates WB president on economic reforms

PM says ease of doing business, enhancement of tax base and mobilisation of domestic resources among top govt priorities WB president...

Petrol price increases by Re1 per litre

The government has increased the price of petrol by Re1 per litre and that of high-speed diesel by 27-paisa per litre for...

Mercantile Pacific appointed as Apple’s authorised distributor for Pakistan

Apple has appointed Mercantile Pacific, Singapore, one of the leading global mobile phone distribution companies, as a regional distributor for Pakistan and...

FBR misses four-month revenue target by Rs167bn

ISLAMABAD: The Federal Board of Revenue (FBR) has missed the revenue collection target for the first four months of the current fiscal year...

KCR project likely to remain in limbo

ISLAMABAD: The much-delayed mega project of Karachi Circular Railway (KCR) is once again likely to be neglected at the highest forum of...

FBR extends deadline to file income tax returns

The Federal Board of Revenue (FBR) on Thursday extended the deadline for filing of income tax returns for the tax year 2019...

Zaidi content with October tax figures

The Federal Board of Revenue (FBR) collected Rs320 billion in taxes during the month of October, a 16 per cent increase in...

KSE-100 gains 442 points as traders end protest

KARACHI: The Pakistan Stock Exchange (PSX) marched north on Thursday, a day after traders called off their protest against the government's taxation measures. On...