Iraq launches new oil refinery to reduce imports KARBALA: Iraq inaugurated an oil refinery in the central city of Karbala, on Saturday, a project the government... Updated 02 Apr, 2023 10:25am
Business & Finance KATI welcomes SBP for removing CMR condition on imported goods KARACHI: Korangi Association of Trade and Industry (KATI) President Faraz-ur-Rehman has welcomed the State Bank’s... Published 01 Apr, 2023 06:21am
Editorials ECC decisions EDITORIAL: Economic Coordination Committee of the Cabinet (ECC), the highest economic decision-making body in the... Published 30 Mar, 2023 06:35am
Technology USF/ R&D contributions: CMOs demand two-year moratorium ISLAMABAD: The Cellular Mobile Operators (CMOs) have demanded moratorium on Universal Service Fund (USF)/ R&D... Published 30 Mar, 2023 06:35am
Print Remittances: APL says can invoke force majeure ISLAMABAD: M/s Atlas Power Limited (APL) has warned the government that it would announce force majeure under the... Updated 29 Mar, 2023 09:03am
Business & Finance Import of items: Telecom operators demand 5G with free spectrum, zero taxes for 5 yrs ISLAMABAD: Telecom operators have demanded 5G with a free spectrum for five years and zero taxes on the import of... Published 29 Mar, 2023 06:27am
Print FBR implements ‘blue channel facility’ ISLAMABAD: The Federal Board of Revenue (FBR) has implemented the “Blue Channel facility” under the Risk... Updated 28 Mar, 2023 08:47am
Print Jul-Feb repatriation of profit, dividend plunge 80pc YoY: Import curbs hurt investors in equal measure State Bank of Pakistan says foreign investors repatriated $225.1 million during July-Feb of FY23 Updated 28 Mar, 2023 08:53am
Editorials Tight gas policy must be loosened EDITORIAL: The country is currently relying around half of its energy needs on imports and within the gas sector the... Updated 27 Mar, 2023 11:28am
Print Cash margin requirement on goods import removed KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of... Updated 25 Mar, 2023 08:49am
Print Import of ‘Interactive Computer System’: Lower rate of 3pc duty to be applicable: FBR ISLAMABAD: The Customs classification committee of the Federal Board of Revenue (FBR) on Friday declared that a ... Published 25 Mar, 2023 06:25am
Markets REER Index falls to 86.45 in Feb KARACHI: Pakistan’s Real Effective Exchange Rate (REER) Index depreciated to 86.45 in February 2023 as compared to... Published 22 Mar, 2023 07:30am
Business & Finance Auto sector woes: Hinopak suspends assembly plant operation Cites hurdles in opening Letters of Credit for import of raw materials as reason Updated 21 Mar, 2023 03:46pm
Business & Finance Jul-Feb CA declines 68pc YoY KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal... Published 21 Mar, 2023 06:29am
Opinion Falling exports and imports The February figures of exports, imports and balance of trade have just been released. They tell a story of extreme... Updated 21 Mar, 2023 07:01am
BR Research IMF: agreement in sight? It has been more than four weeks since the IMF staff concluded its technical talks for the pending 9th review. Yet,... Published 14 Mar, 2023 09:16am
Opinion Containment of imports The latest international trade statistics for the period, July to February, 2022-23, have just been released by the... Published 14 Mar, 2023 03:18am
Print Mar-Sept key imports: govt needs $8.5bn Petroleum Division submits financing requirements to government for the seven months so that appropriate arrangements may be made in time Updated 14 Mar, 2023 11:12am
Markets Govt looks to achieve zero 'Unaccounted for Gas' losses by end of tenure: Musadik Malik Minister of State for Petroleum Dr Musadik Malik on Monday said that Unaccounted for Gas (UFG) losses of gas... Updated 13 Mar, 2023 07:31pm
Business & Finance Auto raw material, CKD: PAAPAM urges govt to ease import restrictions LAHORE: As the car manufacturing in the country has almost closed down due to non-availability of raw material, the... Published 09 Mar, 2023 06:23am
Print Import curbs to be eased after IMF review: SBP chief Jameel Ahmed says pressure of inflation will remain for two to three months Updated 09 Mar, 2023 12:37pm
Business & Finance Scrap shortage crisis compounding: PALSP ISLAMABAD: Due to lack of letters of credits (LCs) being opened, the domestic scrap shortage crisis is compounding... Published 08 Mar, 2023 06:20am
Markets OGRA manipulating pricing of petroleum products: OMAP LAHORE: Oil Marketing Association of Pakistan on Sunday demanded that exchange rate adjustments should be passed on... Published 06 Mar, 2023 07:16am
Print ECC likely to approve SG for population and housing census ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet on Monday (today) is... Updated 06 Mar, 2023 08:45am
Business & Finance SBP expedites proceedings against exporters for realisation of e-forms LAHORE: The State Bank of Pakistan (SBP) has expedited proceedings against exporters for realization of E-forms by... Published 04 Mar, 2023 06:50am
Print 25pc ST on luxury goods’ import awaits cabinet’s nod ISLAMABAD: Federal Cabinet has yet not approved 25 percent sales tax on the import of hundreds of luxury items and... Updated 04 Mar, 2023 09:03am
Print Policy rate hiked by 300bps to 20pc to tame inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key... Updated 03 Mar, 2023 08:53am
Print Steel industry concerned at interest rate hike ISLAMABAD: The steel industry, on Thursday, urged the government to take immediate action to ensure the availability... Updated 03 Mar, 2023 09:01am
Print NA body asks govt to remove obstacles to IP gas pipeline project ISLAMABAD: A National Assembly panel was informed on Thursday that because of the International Monetary Fund’s... Updated 03 Mar, 2023 08:51am
Print 25pc GST on luxury items: FBR will move a summary ISLAMABAD: The Federal Board of Revenue (FBR) will move a summary to the federal cabinet for imposing a higher rate... Updated 28 Feb, 2023 09:36am
