PBS explains new mechanism to calculate inflation
Details of the new mechanism for mapping the Consumer Price Index (CPI) have been issued by the Pakistan Bureau of Statistics (PBS),...
FBR chief assures CPEC committee of complete investor facilitation
ISLAMABAD: The Parliamentary Committee on China Pakistan Economic Corridor met on Tuesday (in-camera) at the Pakistan Institute for Parliamentary Services (PIPS) to discuss...
KSA waives fees on expats working in industrial sector
DUBAI: Saudi Arabia has waived fees on expatriate workers employed in the industrial sector, one of the main economic segments eyed for development,...
Audit finds mismanagement of old Rs500 currency notes by SBP
ISLAMABAD: Record of the old and discarded Rs500 currency notes, worth approximately Rs7.5 billion, was not available with the State Bank of Pakistan...
NTDC missed numerous project deadlines in FY18: NEPRA
ISLAMABAD: The National Transmission and Desptach Company (NTDC) could not complete a number of projects as per their scheduled dates, resulting in cost...
Countries scramble after Thomas Cook collapse strands travellers
The collapse of British travel operator Thomas Cook TCG.L has left hundreds of thousands of holidaymakers abroad and forced governments and insurers...
Saudi Aramco IPO unlikely to happen this year after oil attacks
DUBAI/LONDON/RIYADH: Saudi Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources...
Daraz launches ‘DExports’ programme to facilitate local traders
In collaboration with Alibaba, Daraz has launched 'DExports', a programme that will give local sellers the opportunity to list their products on...
KSE-100 closes in green amid volatile activity
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday, with the indices swinging wildly in both directions before...
Senate body calls for timely release of development funds
ISLAMABAD: The Senate's Standing Committee on Planning and Development has directed the finance and planning ministries to ensure timely release of the allocated...
Multan-Sukkur motorway inauguration delayed as China wants grand opening
ISLAMABAD: Opening of the longest motorway in Pakistan— between Multan and Sukkur, was expected this month but has been delayed for another...
OGDC board endorses millions in extra personal expenditure
ISLAMABAD: The board of directors of Oil and Gas Development Company (OGDC) has allegedly endorsed millions of rupees worth of questionable spending...
PIA revenue jumps 41 percent in six months
KARACHI: Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Arshad Mahmood Malik said that the national flag carrier’s revenue increased by 41...
Blanket subsidy hurtful to small farmers amid growing prices
LAHORE: Government should directly subsidize small farmers instead of using ‘blanket’ subsidy to ease impact of rising prices of urea on growers,...
PM directs crackdown against illicit cigarette trade
ISLAMABAD: Prime Minister Imran Khan has shown serious concerns over the increasing illicit trade of cigarettes in Pakistan, causing considerable loss to...