Category: Business

LAHORE: Prime Minister Imran Khan on Thursday promised to consider a proposal to offer low-cost credit for the purchase of machinery and equipment to encourage industrial capacity expansion and stimulate new investment in the country. During a meeting with a group of businessmen that also included representatives of traders, the premier respon­ded positively to the […]

ISLAMABAD: The government on Thursday increased fertiliser prices by Rs20 per bag. Adviser to PM on Industry and Production Abdul Razak Dawood said the decision is a win-win for both fertiliser manufacturers and the growers. “The rise in prices of fertiliser due to the increase in the price of gas was Rs210 per bag, but […]

KARACHI: The Sindh Provincial Development Working Party (PDWP) approved four schemes at a cost of Rs12.98 billion on Thursday. The schemes for the current fiscal were approved in a PDWP meeting presided over by Chairperson Planning and Development Board Naheed Shah Durrani. One health department scheme was approved for establishment of psychiatry and accident/emergency units […]

CHANTILLY: French Finance Minister Bruno Le Maire said on Thursday he will lead talks on finding a single European candidate to succeed Christine Lagarde as head of the International Monetary Fund (IMF). The post of IMF managing director, which by convention goes to a European, became vacant after Lagarde was tapped by EU leaders to […]

KARACHI: The stock market suffered another bout of intense selling pressure on Thursday with the KSE-100 index going into a tail spin to tank by 672.45 points (2.04 per cent) and close at 32,309.54. The ghosts of investors’ suspicion on the end to State Bank of Pakistan monetary tightening; International Monetary Fund conditions for the […]

Special Assistant to the Prime Minister Naeemul Haque on Thursday rubbished rumours regarding removal of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, saying that he would retain his position. “Shabbar Zaidi not being changed. He will remain in his position,” Haque said on Twitter. Earlier, Zaidi himself had said: “I don’t want to comment, […]

ISLAMABAD: Prime Minister Imran Khan on Wednesday urged traders, businessmen and industrialists to work with the government for collection of more taxes. Addressing an award-distribution ceremony of the Gujranwala Chamber of Commerce, the prime minister expressed the confidence that with collective efforts the nation would be able to overcome all its problems and challenges. He […]

ISLAMABAD: The federal government on Wednesday decided to impose a ban on export of wheat and wheat flour amid rising concern over the price hike trend of roti and other wheat products in the wake of low wheat production in the country. The cabinet’s Economic Coordina­tion Committee (ECC), headed by Adviser to Prime Minister on […]

ISLAMABAD : The Audit Oversight Board (AOB) has revoked the registration of an audit firm and thereby stopped it from carrying out audit of public interest companies. In line with its regular monitoring plan, AOB initiated an inspection of records to assess the audit quality of the firm, Mudassar Ehtisham & Co., in March 2019. […]

KARACHI: The crucial current account deficit (CAD) shrank by another 31.7 per cent in the July to Jun period according to latest data released by the State Bank on Wednesday. The CAD came in at $13.587 billion in this period where it was $19.897bn in the same period last year. It has now fallen to […]