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Govt transfers Rs822,089.4 bn to provinces under NFC Award

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ISLAMABAD: The federal government has transferred Rs822,089.4 billion to provinces under National Finance Commission (NFC) Award during the first five months of the current...

Government collects Rs 277 billion PDL during first half of 2020-21

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The federal government has collected Rs 277 billion on account of the Petroleum Development Levy (PDL) during the first six months of the fiscal...

Inflation up by 8.7% in first 8 months of 2021, spiked by 12.4% in...

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ISLAMABAD: Inflation continued its upward trend and the Consumer Price Index (CPI) rose by 8.7 percent on year-on-year basis in February 2021 as compared...

Feroze 1888 Ltd to invest $5 million in its partner company in United States

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Karachi: Pakistan’s Feroze 1888 Limited plans to invest $5 million (Rs790.2 million) as an equity investment in 1888 Mills LLC, an associated company in...

Hascol petroleum sells two Dolmen Sky Tower properties to overcome liquidity crisis

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Karachi: Hascol Petroleum Limited, a leading petroleum marketing company in Pakistan, has sold its two properties at Dolmen Sky Tower, Clifton Karachi to improve...

Motiwala terms LNG deal with Qatar as ‘wonderful achievement’

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KARACHI: Businessmen Group (BMG) Chairman and Karachi Chamber of Commerce & Industry (KCCI) former president Zubair Motiwala, while terming the signing of a long-term...

FBR achieves revenue target for 8 months

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ISLAMABAD: The Federal Board of Revenue (FBR) has achieved revenue collection target for the first eight months of current financial year. According to a spokesman...

Pakistan to remain in the grey list till June: FATF

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Financial Action Task Force (FATF) has decided to keep Pakistan in the grey list till June 2021. Pakistan has implemented 24 out of the...

Power Division to demand Rs 588 billion as subsidy for next financial year

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Islamabad: The Ministry of Power is likely to seek Rs 588 billion as subsidy to meet the price differential between the cost of electricity...

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