Category: Business

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the government to check the highhandedness of the National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA) acting against businesses. The apex trade body also demanded a reduction of sales tax from the current 17 per cent to 13pc in the […]

SAHIWAL: The food department is running a 10-day-long drive to distribute 1.8 million gunny bags among the wheat growers of Sahiwal district that will conclude on April 17. This was stated by Punjab Food Director Dr Zafar Iqbal who visited different wheat procurement centres at Harappa, Dad Fityana and Kassowal on Wednesday. He added that […]

ISLAMABAD: The National Accountability Bureau (NAB) said on Wednesday it had arrested a major suspect in the Rental Power Projects (RPPs) case. It may be recalled that in 2017 Pakistan lost the case in the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). The case was filed against Pakistan by Turkish power company Karkey Karadeniz […]

KARACHI: The Karachi Dairy Farmers Association on Wednesday unilaterally increased the milk price by Rs23 a litre; now the commodity would be available at Rs120 per litre at retail outlets, triggering a wave of anger among the consumers already burdened by growing inflation. The association said that the government had refused to increase the price […]

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering (IPO), and will make public the registration of this offering on Thursday, people familiar with the matter said earlier this week. Most of the shares sold would be issued by the company, while a […]

ISLAMABAD: As Finance Minister Asad Umar leads a delegation to Washington to finalise a three-year bailout programme, the International Monetary Fund (IMF) on Tuesday forecast Pakistan’s growth to fall to 2.9 per cent and 2.8pc during the current and next fiscal year unless its programme was accepted. The delegation led by finance minister including State Bank of […]

ISLAMABAD: Disclosing that Rs1.4 trillion public money stood parked outside the treasury single account, the government on Tuesday announced full cost recovery of power and gas supply through automatic price adjustment, bring provinces into fiscal discipline and launch a series of international bonds over the next couple of years. This is part of the Medium […]

KARACHI: Caving in to the fast moving consumer goods (FMCGs) importers’ demand, the Ministry of Commerce (MoC) has delayed implementation of SRO237, which requires to print details and ingredients of the food products in Urdu and English on consumer packaging besides halal certification, from the start of next fiscal year. The ministry on Tuesday through […]

ISLAMABAD: In a significant move towards effectively checking terror financing, the National Counter Terrorism Autho­rity (Nacta) has organised the signing of a multilateral memorandum of understanding (MoU) among over a dozen relevant institutions and departments. Those who signed the multilateral MoU included the National Accountability Bureau, Federal Investiga­tion Agency, Federal Board of Revenue, Financial Monitoring […]

PARIS: Prime Minister Theresa May battled on Tuesday to stop Britain crashing out of the EU this week, pleading with France and Germany for a second and more lengthy delay to Brexit. A day ahead of an emergency EU summit that will help decide Britain’s fate, May met with German Chancellor Angela Merkel in Berlin […]