Category: Business

MINGORA: Chief Minister Mahmood Khan inaugurated a gas supply project for Swat district on Sunday. Speaking at the function in Balogram, he said the Pakistan Tehreek-i-Insaf-led government wanted speedy development of Malakand division. Provincial minister for minerals Dr Amjad, DDAC chairman Fazal Hakim Khan, MNA Saleem ur Rehman, and other PTI leaders were also present. […]

European Union leaders took back control of the Brexit process from British Prime Minister Theresa May, saying Friday they believe the risks were too great and that action was needed to protect the smooth running of the world’s biggest trading bloc. May’s mantra since the Brexit referendum in 2016 has always been about “taking back […]

DESPITE headwinds, local investors seem keen to plant their stakes in Pakistan in order to avoid corrosion of idle wealth. A coordinated private sector drive for aggressive investment may not be visible yet but several major business groups have plans for expansion and diversification ready, waiting for an opportune launching time. “The construction related industry […]

ISLAMABAD: Up to 145 per cent increase in prescribed gas prices with effect from July 1, 2019 has been sought to meet revenue requirements of the gas utilities for the next financial year, it emerged on Sunday. The Sui Northern Gas Pipelines Limited (SNGPL) and the Sui Southern Gas Company Limited (SSGCL) have filed their […]

RAWALPINDI: Four passengers aircraft of Pakistan International Airlines (PIA) were grounded- three in Karachi and one in Lahore- after being hit by birds within the space of a week. The grounding of two Boeing 777 and two Airbus 320 have caused financial loss to the national flag carrier and disturbed the flight schedule. PIA spokesperson […]

LAHORE: The Federal Board of Revenue (FBR) and the Punjab Revenue Authority (PRA) have finally agreed to constitute a joint committee for settling their longstanding dispute over who should collect sales tax from toll manufacturers who add value to product(s) for others. Squeezed between the two tax administrators, many factory owners have filed cases against […]

ISLAMABAD: With increasing fiscal deficit and revenue shortfall, the government is keeping the Public Sector Development Programme (PSDP) under tight control as evident from total spending of Rs373 billion so far or 55 per cent of revised target of Rs675bn. The Ministry of Planning and Development on Friday said it had released Rs373bn as of […]

China will reduce the time needed for patent review by at least 15 per cent in 2019, the Xinhua news agency reported on Saturday. The review time for trademarks will also be reduced to within 5 months, Xinhua reported without giving further details on the trademark or patent review time frames. It was citing remarks made by the deputy […]

ISLAMABAD: The government has decided to implement fixed tax regime on small shopkeepers across the country to bring the sector under tax net, a senior tax official told Dawnon Friday. He said an initial draft has already been finalised and the regime will be implemented by April 15 after consultations with stakeholders including shopkeepers and their […]

KARACHI: The US dollar resumed its upward rally against the rupee on Friday by appreciating 90 paisa in interbank market to reach Rs140.50. However, it was selling at Rs141 in the open market amid tight supplies. Bankers said the dollar started rising and remained as high as Rs140.30, but the exchange companies reported the rate […]