Stocks fall flat amid range-bound trading
KARACHI: The stock market ended flat in a range-bound session on Tuesday following the announcement of the monetary policy a day earlier.
The...
OGDC discovers oil, gas in Kohat
ISLAMABAD: The Oil and Gas Development Company (OGDC) announced on Tuesday that it has discovered oil and gas reserves at its Chanda Well-5...
Pakistan to export cigarettes worth $50m for the first time
ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going...
Rs10 billion released for NHA projects under PSDP so far
Out of the total allocation of Rs154966.835 million for National Highway Authority (NHA) road projects under Public Sector Development Programme (PSDP), the...
Country’s power sector has over $80 billion investment potential
ISLAMABAD: Pakistan’s power sector has an investment potential of over $80 billion which includes generation, transmission, and upgrading, said Federal Minister for...
Govt to withdraw 3% value addition sales tax on imported products
ISLAMABAD: The government has planned to withdraw 3% value addition sales tax imposed on 32 imported consumable and durable products, claimed a...
RTO Karachi sees sharp rise in tax revenue
KARACHI: Regional Tax Office (RTO) –II Karachi has posted a 42 percent growth in its revenue collection to around Rs19 billion during...
Pakistan to launch 13 mega projects with China in agri sector
ISLAMABAD: Government is considering 13 mega projects in agriculture sector across the country in collaboration with China, food minister said on Monday.
In...
Introduction of 5G services in Pakistan could take up to 5 years, Senate body told
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Monday briefed Senate’s Standing Committee on Information Technology it would take around four to five...
Tax officials warned against abuse of power
ISLAMABAD: The Federal Board of Revenue (FBR) officials are defying their chairman's orders by continuing with raids on business premises.
The tax department,...
Govt striving hard to rectify past economic blunders: Dawood
LAHORE: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Monday that 14pc rise in export and 18pc fall in...
Date for submission of sales tax returns extended
The Federal Board of Revenue (FBR) has extended the date for submission of sales tax and federal excise returns for the period...
Won’t tolerate any negligence in tax collection, FBR chief says
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said the country's tax collection ratio has witnessed an increase, which would improve...
PQA issues provisional LoI for establishment of Energas LNG terminal
ISLAMABAD: The Port Qasim Authority (PQA) has issued a provisional Letter of Intent (LoI) to Energas Terminal (Pvt) Limited (ETPL) for the establishment...
Pakistan, Iran sign revised agreement on IP gas pipeline project
The Inter-State Gas Systems (ISGS) and the National Iranian Gas Company (NIGC) have signed a revised agreement on the much-delayed Iran-Pakistan (IP)...