Category: Business

Prime Minister Imran Khan on Wednesday said the true VIPs of Pakistan were those people who pay the most tax and such citizens should be facilitated and honoured. Addressing a tax awards ceremony in Islamabad, the premier said there was a need to change the mindset under which wealth creation was considered a “sin”, so […]

ISLAMABAD: Belarus is willing to support the joint production of tractors in Pakistan along with other farm machinery, said Belarus’ Deputy Minister Dmitry Korchik on Tuesday. He said that Belarus needs support to find new partners for production of Belarusian tractors to broaden its agro-machinery partnership in Pakistan. He acknowledged that the South Asian country […]

Samsung is expected to show off its latest smartphones on Wednesday, the latest effort by a phone maker to come up with new features compelling enough to end a sales slump. The new models expected in San Francisco will commemorate the 10th anniversary of Samsung’s first smartphone. Samsung is also expected to provide a glimpse […]

ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday approved four projects worth Rs806.2 million. It also referred another two projects amounting to Rs7404.6m to the Executive Committee of National Economic Council (Ecnec) for further approval. Chaired by Minister for Planning and Development Makhdoom Khusro Bakhtyar, the meeting discussed projects related to water resources, health, physical […]

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday directed the Ministry of National Food Security and Research for continued operation of two urea plants — Fatima Fertiliser and Agritech — beyond the current month till October to ensure sufficient supply of the fertiliser. About the demand and supply situation of urea and […]

ISLAMABAD: The Asian Development Bank (ADB) is preparing a new six-year operational plan for rural development and food security for 2019-24 to provide strategic guidance to its member countries on all aspects of agriculture, natural resources and rural development. An evaluation document released by ADB on Tuesday says the refinement of the operational plan is […]

KARACHI: Banks have provided record financing to the small and medium enterprises (SMEs) in the calendar 2018 crossing the Rs500 billion mark, according to data released by the State Bank of Pakistan (SBP) on Tuesday. The report highlighted that SME finance up 14 per cent to Rs513bn compared to Rs450bn in 2017. The growth was […]

ISLAMABAD: Communication Minister Murad Saeed’s brickbats alleging Rs70 billion corruption in a CPEC project — the Sukkur-Multan motorway — have ‘shocked’ the Chinese state-owned company that won the contract and undertook the project. “China State Construction Engineering Corporation Ltd [CSCEC] feels extremely shocked by the recent groundless allegations made publicly through the media against the […]

Prime Minister Imran Khan on Tuesday directed Federal Board of Revenue (FBR) Chairman Dr Jehanzaib Khan to employ modern methods and techniques in order to bring non-tax payers into the tax net, RadioPakistan reported. The prime minister, while chairing a meeting in Islamabad regarding the federal government’s steps to collect revenue, was reported to have said that […]

ISLAMABAD: Pakistan is expecting $21 billion worth of seven memorandums of understanding (MoUs) signed with Saudi Arabia to come to fruition in three phases over the next six years. The two sides have set up two major follow-up forums to ensure timely completion of feasibility studies and project implementation including the top level Saudi-Pakistan Joint Supreme Coordination […]