Business
Business
HEC: Government to start privatisation process all over again
The Privatization Commission board earlier yesterday allowed the government to start afresh the Heavy Electrical Complex (HEC) sell-off process after the previous…
Pakistan offers many duty free concessions to carmakers
Pakistan earlier today announced that foreign carmakers seeking to enter the market could import machinery for their plants duty-free, in…
PIA: Government ready for opposition onslaught
Both the upper and lower houses of parliament will convene today (Monday) for a joint session to discuss around seven key…
Automobile policy approved finally.. No relief for CBU importers or consumers!
The government earlier today approved a new automobile policy, which offers tax incentives to new entrants to help them establish…
Summit Bank keen on acquiring Burj Bank
Summit Bank has informed the State Bank that it wants to acquire a majority stake in Burj Bank, a securities…
“Pakistan’s banks not sufficiently capitalised for CPEC projects” Bank Alfalah’s Atif Bajwa
"Banks must turn to the capital markets to strengthen their balance sheets in view of the upcoming China-Pakistan Economic Corridor…
Telenor now owns 100% shares of Tameer Microfinance
The Telenor Group has increased its shareholding in Tameer Microfinance Bank to a full 100%. That effectively makes it the country’s…
“Punjab’s debt little compared to GDP” finance minister
Down-playing the Rs421 billion debt accumulated over the years in Punjab, which amounts to nearly two-thirds of the development budget…
As tax exemptions end: ‘Sacred cows’ yet to be touched
The federal government has shown a blueprint for withdrawing roughly Rs80 billion worth of tax exemptions in the next budget. However…