AEDB reviews renewable energy policy draft
ISLAMABAD: The 45th board meeting of the Alternative Energy Development Board (AEDB) was held in Islamabad on Friday under the chairmanship of Power...
Govt to sell its stake in State Life Insurance Corp
Privatisation Minister Muhammadmian Soomro announced on Friday that the government would sell its share in the State Life Insurance Corporation, a private...
Swvl expands its app-based bus hailing service to Rawalpindi, Islamabad
Weeks after launching its service in Lahore, Swvl, the Dubai-headquartered bus-hailing pioneer, is expanding its service to Islamabad and Rawalpindi.
Swvl will be...
Pakistan must mobilise tax revenue to ensure development: IMF
International Monetary Fund (IMF) spokesperson Gerry Rice has said that Pakistan needs to mobilise domestic tax revenue to fund the "much needed"...
‘Pakistan faced with unprecedented economic difficulties’
KARACHI: President Dr Arif Alvi has said that the country's economy was going through historic difficulties as the incumbent government only inherited...
Stocks shed 65 points in range-bound trading
KARACHI: Unable to carry forward the winning momentum, the Pakistan Stock Exchange (PSX) ended the last session of the week in the red...
Multan-Sukkur Motorway opened to light traffic
The Multan-Sukkur Motorway has been opened to light traffic, Radio Pakistan reported on Friday.
According to a statement issued by the Ministry of...
Pakistan lagging in intra-regional trade
KARACHI: Pakistan Business Council (PBC) has said in its latest report that Pakistan is one of the lowest regionally-integrated countries in the...
Govt abolishes Special Tax Regime for multiple sectors/industries
The government through Finance Act 2019 has abolished special sales tax treatment, special procedures, fixed sales tax regime and extra tax payment...
Govt set to miss IMF’s tax refund target
ISLAMABAD: Pakistan is set to miss the International Monetary Fund’s (IMF) condition to refund Rs75 billion to taxpayers in the first quarter,...
Govt trying to control shooting wheat prices in Sindh
LAHORE: To control rising wheat prices, the federal government is weighing either releasing public sector stocks to flour mills or granting permission...
Trade deficit falls 38% in first two moths of FY19-20
ISLAMABAD: Trade deficit for the first two months of the current fiscal year has fallen by nearly 38 percent, mainly driven by...
Govt decides to reconstitute Sarmaya Pakistan Limited
ISLAMABAD: After the resignation of almost all private members of the Sarmaya Pakistan Limited (SPL), the government has decided to reconstitute the SPL...
SBP reserves jump $182m to stand at $8.46bn
The foreign exchange reserves held by the State Bank of Pakistan increased 2.2pc on a weekly basis, according to data released by...
US flags Huawei 5G network security concerns to Gulf allies
DUBAI: The United States has raised its concerns with Gulf allies over a possible security risk in using Huawei’s technology for their 5G...