Pound strikes near three-year dollar low on Brexit turmoil
The British pound tumbled Tuesday to the lowest level against the dollar in almost three years, as the UK faces a possible...
Stocks fail to sustain gains amid selling pressure
KARACHI: After a relatively smooth start to the trading session on Tuesday, the Pakistan Stock Exchange (PSX) succumbed to selling pressure, closing the...
Govt releases Rs360m for ML-1 project
ISLAMABAD: The federal government, under Public Sector Development Programme (PSDP) 2019-20, has released Rs360 million for the preliminary design (up-gradation and rehabilitation)...
Dudhnial hydro power project’s delay costing WAPDA billions
LAHORE: Dudhnial Multipurpose Dam Project has been at a standstill for the past decade, mostly because of misplaced priorities and Water and...
Ministry of Industries and Production asked to cut subsidy to fertilizer plants
ISLAMABAD: The Ministry of Finance has asked the Ministry of Industries and Production to cut subsidy being given on supply of RLNG...
Higher interest rates lead to Rs 690 billion new deposits in banks
KARACHI: Constant increase in interest rate over the past year has attracted Rs 690 billion in new bank deposits this year, according...
PTI govt has brought Pakistan to brink of bankruptcy, PML-N alleges
ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) on Monday lashed out at the Pakistan Tehreek-e-Insaf (PTI) government, alleging that the regime’s ‘record financial blunders’...
Bill moved in Senate to restrict NAB from prosecuting offences of Rs500m
ISLAMABAD: Pakistan People’s Party Parliamentarians (PPPP) Senator Farooq Hamid Naek on Monday introduced a legislative proposal in the Senate, seeking amendments in the...
‘Sales, income tax refunds for all years to be released immediately’
Adviser to Prime Minister Imran Khan on Finance Dr Abdul Hafeez Shaikh said on Monday the sales and income tax refunds for...
PTET’s ‘blatant violation of SC order’ irks Senate body
ISLAMABAD: Pakistan Telecommunication Employees Trust (PTET), in blatant violation of the Supreme Court order with regard to payment of pensions to retired...
FBR slaps Rs992m tax evasion notice on ARY
Authority claims media house ‘evaded tax through misrepresentation, concealment and misuse of exemptions’
ARY claims FBR’s proceedings are ‘based on whims,...
Govt seeks to justify GIDC waiver
Omar Ayub says there won't be free lunch for anyone as govt aims to collect Rs210bn
Nadeem Babar says presidential ordinance...
Geothermal Pakistan shines in ClimateLaunchpad ‘green ideas’ contest
KARACHI: Geothermal Pakistan from Karachi has won the Stimulus-ClimateLaunchpad Pakistan's first edition.
ClimateLaunchpad is the world's largest 'green business ideas' competition with the mission...
Govt urged to cut key interest rate
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to bring down the key interest rate to a...
China lodges tariff case at WTO against US
HONG KONG/GENEVA: China has lodged a complaint against the United States at the World Trade Organization over US import duties, the Chinese Commerce...