Punjab government to tax online car dealers
LAHORE: The Punjab government has decided to bring online car dealers and sellers in the tax net like other car dealers in...
Pakistan to avoid oil shortage in aftermath of Saudi attack
LAHORE: Special Assistant to Prime Minister on Petroleum Nadeem Babar said oil supplies in Pakistan are likely to escape unscathed in the...
Long-term government papers rake in Rs551.5 billion
KARACHI: Bids for 12-month papers on Wednesday’s treasury auction reached over Rs988 billion as the government raised Rs551.5bn from 12-month papers.
The 12-month...
OGDC, PPL to spend Rs1.38bn on welfare projects in FY20
ISLAMABAD: The two public sector oil and gas exploration & production (E&P) companies would spend around Rs1.384 billion to carry out welfare...
FBR mulls countrywide expansion of Invoice Monitoring System
In order to curb tax theft, the Federal Board of Revenue (FBR) has decided to expand the scope of its Invoice Monitoring...
EBay CEO Devin Wenig steps down, cites differences with board
EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company’s recently revamped board, which is looking...
Oil falls 2pc on surprise US crude build, Trump’s China trade comments
NEW YORK: Oil prices dropped about 2pc on Wednesday, logging a second straight day of losses after US crude inventories unexpectedly rose...
OGRA finally allows RLNG-based connections for new housing societies
ISLAMABAD: Almost 17 months after the government's policy for provision of RLNG to private housing societies/colonies, the Oil and Gas Regulatory Authority (OGRA)...
Senate panel calls for early establishment of CPEC Authority
Senator Sherry Rehman says rules and regulations for CPEC Authority must be acceptable to all political parties
Senator Usman Kakar accuses...
World Bank’s Georgieva to be first IMF chief from emerging economy
NEW YORK/SOFIA: Bulgarian economist Kristalina Georgieva is expected to be confirmed as managing director of the International Monetary Fund, which would make...
Aviation Division flying on its own amid absence of top officials
ISLAMABAD: Affairs of the Aviation Division are in disarray owing to absence of the top officials, it was learnt on Wednesday.
Official sources, on...
PSO declares Rs10.6bn profit after tax
Pakistan State Oil (PSO), the leading oil marketing company of the country, convened its Board of Management (BoM) at its headquarters in...
ADB projects Pakistan’s GDP growth at 2.8pc, inflation at 12pc for FY20
ISLAMABAD: Signalling that Pakistan's economy is showing signs of recovery owing to the government's fiscal consolidation and austerity measures, the Asia Development Bank...
NBP briefs WB team on Pakistan’s financial sector dynamics
ISLAMABAD: A technical team of the World Bank visited the National Bank of Pakistan’s head office to discuss the dynamics of Pakistan’s financial...
CDWP approves five projects worth Rs11bn
ISLAMABAD: The Central Development Working Party (CDWP) on Wednesday approved five projects worth Rs11 billion and recommended two projects worth Rs25 billion to...