Renault ousts CEO in post Ghosn-era reset
PARIS: Renault's board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh...
FBR team raids offices of three unregistered furniture brands in Islamabad
Islamabad: The Directorate of Intelligence and Investigation, Inland Revenue, Federal Board of Revenue (FBR), raided on Thursday the premises of three unregistered...
Govt awards licences to foreign firms for renewable energy projects
The government has awarded generation licences to two foreign firms for setting up wind and solar power plants in Sindh, National Electric...
IMF predicts govt’s gross debt to rise to 78.6 percent
The International Monetary Fund (IMF) has projected an increase in Pakistan’s gross debt by 1.9 percent to 78.6 percent of the Gross...
Wheat production target for 2019-2020 set at 27 million tons
ISLAMABAD: The Federal Committee on Agriculture (FCA) has set the wheat production target for Rabi 2019-20 season at 27 million tonnes from...
Rs304 billion tax collected in first quarter of FY20
KARACHI: Large Taxpayers Unit (LTU) Karachi, the main revenue collecting arm of the Federal Board of Revenue (FBR), has posted 16 percent...
Large retailers asked to link invoicing systems with FBR by Dec 1
KARACHI: The Federal Board of Revenue (FBR) on Thursday asked the big retailers to ensure installation of its point-of-sale invoicing app into...
SSGCL, SNGPL to ask for Rs55 billion subsidy in winter
ISLAMABAD: Sui Southern Gas Company Ltd (SSGCL) and Sui Northern Gas Pipelines Ltd (SNGPL) could require subsidies up to Rs55 billion to...
US, China resume high-level talks to end grueling trade war
WASHINGTON: Top US and Chinese negotiators met on Thursday for the first time since late July to try to find a way out...
‘Efforts underway to automate banking sector’
The State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Thursday said that the administration is striving hard to automate the...
Steps being taken to curtail smuggling from Afghanistan, Senate panel told
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday admitted that a large number of LED TVs were still being smuggled into...
SBP reserves increase $16m to stand at $7.75bn
The foreign exchange reserves held by the central bank inched up by 0.21pc on a weekly basis, according to data released by...
PSM losses increase by Rs48bn in last 13 months
ISLAMABAD: Despite a request from the Pakistan Steel Mills (PSM) board of directors, the government has so far failed to appoint a...
Facilitation of industrial sector among top govt priorities: PM
Prime Minister Imran Khan said on Thursday that economic stability was the topmost priority of his government, as it would create opportunities...
What makes TCL the best-selling smart TV brand in Pakistan?
LAHORE: Chinese products are flooding the Pakistani market and outperforming their well-established rivals. One of these brands is TCL Electronics, which has knocked...