Govt reschedules NFC meeting after five-month break
ISLAMABAD: After a break of around five months, the Ministry of Finance has decided to reschedule the National Finance Commission (NFC) meeting,...
NEPRA trashes CASA-1000, urges govt to revisit power supply agreement
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has asked the government to revisit Central Asia-South Asia (CASA-1,000) electricity supply agreement, saying...
Stocks stage 628-point comeback rally
KARACHI: Bulls of the Pakistan Stock Exchange (PSX) staged a strong comeback on Thursday, with the KSE-100 Index ending above the 32,000...
Nishat Mills announces profit of Rs9.65bn
In a letter to the Pakistan Stock Exchange on Thursday, Nishat Mills Limited, a publicly-listed company of Nishat Group, announced a consolidated...
Increased Islamic banking penetration supports Pakistani banks’ profitability
Moody’s Investors Service has in its report on Pakistan’s Islamic banking landscape highlighted the increase in banking sector’s profitability due to increased...
FBR gives directives to bridge gap between actual and potential Sales Tax, FED collection
ISLAMABAD: Federal Board of Revenue (FBR) has directed its field formations a list of administrative measures to bridge the gap between actual...
Fertilizer industry denies govt’s request of decreasing prices
ISLAMABAD: The fertilizer industry has refused to withdraw recently increased urea price by Rs200 per bag, as the government scrapped the Gas...
Govt announces tax incentives for local shipping companies
KARACHI: The government has announced a new tax incentive policy for Pakistan-based shipping companies to lessen dependence on foreign vessels.
Addition of more...
Govt gives the go-ahead for privatisation of SOEs
ISLAMABAD: The government on Wednesday gave the nod for starting the privatisation process of one dozen state-owned enterprises, reported The Express Tribune.
The...
OGDCL, KE announce increased profits
KARACHI: Oil and Gas Development Company Limited’s (OGDCL) profit increased 50 percent to Rs118.385 billion for the year ended June 30, 2019,...
Cotton production drops 26 percent amidst varying prices
KARACHI: Cotton crop arrivals at ginning factories hit a tailspin as output faces a shortfall of 0.664 million bales or 26.41 percent...
FDI falls 58 percent to $156.7 million in first two months of FY20
KARACHI: Data published by the State Bank showed Foreign direct investment (FDI) into the country dropped by 58.4 percent during the first...
AGP accuses FBR of illegal tax refunds during PPP era
ISLAMABAD: The tax department "illegally" paid Rs17 billion worth income tax refunds in five cases during the Pakistan People's Party (PPP) era,...
SECP board approves amendments in Exchange-Traded Fund
ISLAMABAD: The Securities and Exchange Policy (SECP) Board, which met under the chairmanship of Prof Khalid Mirza on Wednesday, approved necessary regulatory...
ECC upholds ban on wheat export
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday discussed the wheat situation in the country and in the light of...