Business

ISLAMABAD: On the floor of the National Assembly, Finance Minister Ishaq Dar responded to the three-day protests against new taxes...

$1b additional export in 10 month: Dastagir for declaring imported material as 0-rated, forming leather export council

KARACHI: The government has assured the leather industrialists that Leather Export Council is being formed to facilitate the exporters. This...

Taxing over 285 items ‘on IMF orders’: 5pc levy of regulatory duty termed ‘undue burden’ on industry

ISLAMABAD - Pakistan Steel Melters Association expressed concern over the levy of 5 percent Regulatory Duty on the import of...

MCB’s 2014 consolidated profits stand at Rs24.7b versus Rs21.8b in 2013; profits at Rs6.2b against Rs4.2b

LAHORE - MCB Bank reported consolidated profits of Rs24.7 billion (EPS Rs22.15) for 2014 versus Rs21.8 billion (EPS Rs19.6) in...

60% GST on petroleum: Govt to actually earn only Rs36b instead of Rs70b

LAHORE: The Institute for Policy Reforms has issued a fact sheet that revealed the true impact of the latest SRO...

Textile policy 2014-19: APTMA Chairman demands electricity at 8 cents/unit

LAHORE: All Pakistan Textile Mills Association chairman S M Tanveer after announcement of new textile policy 2014-19 has demanded availability...

Metallurgical Cooperation of China discovers 500mt iron ore reserves in Chiniot

ISLAMABAD: The Metallurgical Cooperation of China has discovered major reserves of iron ore of 500 million tons in Chiniot city...

60,000 SMEs, micro retailers to be benefited: Bank Alfalah, Punjab Beverages launch automated financial service

KARACHI: Bank Alfalah Limited and Punjab Beverages (PB) have signed an MoU to provide automated financial services to SME and...

Chairman Metro Bus Project directs contractors to expedite work on project

RAWALPINDI: The Chairman Metro Bus Service Project Implementation Committee has given directions to the contractors to expedite work on Metro...

1,000s in panic as Indian firing injures Sialkot villager

SIALKOT - Panic has gripped thousands of villagers as another person was hurt seriously by the mortar shells fired by...

Pakistan’s trade deficit at $13.13b, up by 17.96% from $11.13b in 7 months

Pakistan’s trade deficit has widened by 17.96 percent, as it recorded at $13.13 billion during July-January of FY2015 versus $11.13...

Nawaz for expeditious completion of TAPI gas project whose original cost of US$ 3.3b revised to $ 7.6b

ISLAMABAD - Prime Minister Muhammad Nawaz Sharif said that Pakistan wanted expeditious completion of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project...

Pakistan’s trade deficit at $13.13b, up by 17.96% from $11.13b in 7 months

Pakistan’s trade deficit has widened by 17.96 percent, as it recorded at $13.13 billion during July-January of FY2015 versus $11.13...

Jan 30 deadline, cost up by Rs6.17b to Rs44.21b: Contractors directed to complete metro project in time

RAWALPINDI: Commissioner Rawalpindi Zahid Saeed and Metro Bus Service Project Implementation Committee Chairman Hanif Abbasi have directed the contractors to...

10-day petrol crisis: Petroleum Ministry dissolves PSO board, sends OGRa chairman on 3-month leave

ISLAMABAD: The petroleum ministry has dissolved the PSO management board and sent OGRA Chairman Saeed Ahmed Khan on forced leave...

Cost of floods $0.5b, could reach $1.5 to $2b: SECP for devising road map to facilitate farmers

Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has embarked upon developing a roadmap for the commodity market...

Olson discusses release of two $716m CSF tranches, import of live cattle from US with Dar

ISLAMABAD: US Ambassador to Pakistan Richard Olson has called on Federal Finance Ishaq Dar and discussed recent release of two...

NAB to probe into wealth sources of ex-PPP’s minister, wife