Business

Business

Rs1bn sovereign guarantee for PIA approved by federal cabinet

The Economic Coordination Committee (ECC) of the Cabinet on yesterday approved a sovereign guarantee for Pakistan International Airlines (PIA) to…

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$588m accord with WB for financing of Dasu project

Prime Minister Nawaz Sharif witnessed the signing ceremony of a financing agreement of $588.4 million with the World Bank relating…

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New drawback rates on textile export

The Federal Board of Revenue (FBR) has notified new rates of duty drawback on export of textile and allied products.…

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SECP says it can work with two commissioners

The Securities and Exchange Commission of Pakistan (SECP) has clarified a news item, saying it would not become a non-performing…

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Canadian firm awarded exploration licence in KP

The government on Monday awarded a licence to Tallah­assee Resources Inc of Canada for exploration of oil and gas resources…

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Saudi Aramco plans to invest $40bn a year

Saudi Aramco, the world’s biggest oil producer, plans to invest $40 billion a year over the next decade to keep…

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Govt avoiding the ‘broadening of the tax base’

The government wants to generate more revenue, but it avoids widening tax base that is said to barely cover 0.30…

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PTI, PAT accused of weakening country’s economy

Qaumi Watan Party (QWP) and Pakistan Muslim League-Nawaz (PML-N) have asked Imran Khan and Tahirul Qadri to end sit-ins in…

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Stocks in free fall due to political uncertainty

Stocks were severely battered on the first trading day of the week with the KSE-100 index sinking by 352.41 points…

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