Business
Business
Senate blocks Bill empowering banks to sell mortgaged property
A senate panel has formally blocked the approval of a bill that would have given widespread powers to banks to sell…
Pakistan keeps mum on $800m owed by UAE’s Etisalat
Islamabad: The $800 million in arrears from the privatisation of Pakistan Telecommunication Limited are not mentioned in 2016-17 budget books, suggesting…
Fruit prices soar in Islamabad as Ramazan begins
Islamabad: As the first of Ramazan began in the country on Tuesday, prices of fruits were also increased in the…
Chinese officials inspect mango HWT plants in Sindh
Hyderabad: Chinese quarantine officials visited hot water treatment (HWT) plants at three different mango orchards in lower Sindh on Monday…
Budget 2016-17: Pakistan sets another ambitious target of 5.7% GDP growth rate
Using the occasion for self-congratulation, Finance Minister Ishaq Dar presented budgetary proposals for 2016-17 before the National Assembly on Friday.…
Stocks rally ahead of budget in anticipation of tax breaks
Karachi: The Pakistan Stock Exchange rallied over 500 points to reach an intra-day high of 37360.88 points on Friday, hours…
PIA adds five new destinations
Karachi: Pakistan International Airlines (PIA) has added five new destinations – four in Australia and one in Europe – as part…
Tax exemptions cost Pakistan Rs394.5b
Islamabad: Tax exemptions continued to be a thorn in the government’s rosy image as the latest figures revealed that Pakistan sustained…
Priority area: K-Electric’s output continues to decline
Islamabad: The agriculture sector may have taken some shine off GDP, but the energy sector contributed its fair share as around…