Pakistan may not need to go to IMF again: SBP Governor
KARACHI: Pakistan may not go for another bailout loan from the International Monetary Fund (IMF) as the recent measures taken to shore...
Local firms urged to invest in Reko Diq for development of copper, gold mines
LAHORE: The Balochistan government is trying to persuade large Pakistani investors to form a consortium to invest their money in the development...
PM calls for removal of impediments to industrial growth
Prime Minister Imran Khan on Monday chaired a meeting of his economic team, wherein he was briefed on the outcomes of the...
German assistance in Pakistan’s development lauded
ISLAMABAD: Ambassador of Germany to Pakistan Bernhard Stephan Schlagheck paid a courtesy call on Economic Affairs Minister Muhammad Hammad Azhar on Monday.
Both sides...
FBR misses first-quarter target by over Rs120bn
ISLAMABAD: The Federal Board of Revenue (FBR) has missed the first-quarter revenue collection target for the financial year 2019-20 by over Rs120 billion.
According...
NA passes bills to regulate forex movement, counter money laundering
ISLAMABAD: The National Assembly, besides approving a bill to enhance punishment for money laundering on Monday, also passed a bill to amend the...
Petroleum prices remain unchanged for October
The government has decided to maintain the prices of petroleum products at the current level to offset expected increase in the prices...
Deadline to file income tax return extended till Oct 31
ISLAMABAD: The Federal Board of Revenue (FBR), in exercise of the power conferred under Section 214A of the Income Tax Ordinance, 2001, has...
PPA announces newly-elected central executive committee
The Pakistan Advertising Association (PAA) recently held its annual general meeting (AGM) to announce its election results for the year 2019-2020, and...
‘Ceramics unit in Bhalwal Industrial Estate to be operational by March 2020’
The first foreign ceramics factory has started the construction of its one-of-a-kind ceramics unit with an investment of $70 million in Bhalwal...
Govt likely to grant tax exemption to online businesses
ISLAMABAD: The government is likely to give tax exemption to online businesses in the country, sources said, adding that the Ministry of Commerce...
Popular retailer Forever 21 files for bankruptcy
Fast-fashion retailer Forever 21 Inc filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have succumbed to...
NayaPay gets SBP’s in-principle approval to operate as EMI
The State Bank of Pakistan (SBP) has granted in-principle approval to NayaPay to operate as an Electronic Money Institution (EMI) in Pakistan.
"The...
Mango exports surge 42pc in 2019: official
KARACHI: The export of mango during the current season has increased by 42pc when compared with the last year, said Pakistan Horticulture...
TikTok owner ByteDance’s revenue better than expected at over $7bn
BEIJING/HONG KONG: China's ByteDance, owner of video-sharing app TikTok and one of the world’s most valuable unicorns, booked revenue of 50-60 billion...