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ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh on Thursday called for an ‘immediate’ attention to curtail losses in state-owned enterprises that he said take toll on the economy. “Immediate attention is required to contain the losses in a number of SOEs which are a cause...
LAHORE: Amid rising prices of wheat, particularly in Sindh, the federal government is weighing either releasing public sector stocks to flour mills or granting permission for the import of grains, industry sources said on Thursday. The price of wheat and its products in Sindh, especially in the urban areas including...
KARACHI: Pakistan is one of the lowest regionally-integrated countries in the world as the country’s trade with its regional partners has remained paltry over years despite immense potential, a latest report by a business policy advocacy group revealed. Pakistan Business Council (PBC), covering its trade relations with three bordering countries...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,187 new companies in August, out of which 94 per cent companies were registered online through eServices and 52pc companies registered within same day, raising the number of total companies to 104,030. Foreign investment has been reported in 38 new...
ISLAMABAD: The country’s trade deficit shrank by nearly 38 per cent in the first two months of current fiscal year, driven largely by a decline in imports of non-essential luxury items. The constant decline in trade deficit shows the government’s battle against bloated trade deficit is finally bearing fruit as...
ISLAMABAD: A sub-committee of the National Assembly’s public spending watchdog on Thursday recommended shutting down the Pakistan Steel Mills (PSM) and Utility Stores Corporation (USC) over the poor performance of the two loss-making entities. A meeting of the Public Accounts Committee’s sub-panel was held at the Parliament House chaired by Rana...
ISLAMABAD: The Ministry of Commerce is opening a commercial section in Pakistan’s embassy in Addis Ababa this year to develop linkages between the businesses of the two countries, said Adviser to the Prime Minister on Commerce and Textiles Abdul Razak Dawood. Welcoming a delegation from Ethiopia, led by State Minister for...
LAHORE:  Automobile dealers of Lahore, specialising in four-wheelers, have warned the federal as well as the Punjab government that they will call an indefinite strike at city’s main artery, the Mall Road if their problems related to different taxation measures and imported vehicles were not resolved soon. At a press conference...
ISLAMABAD: Despite massive export potential with an estimated 30 billion-ton reserve of dimensional stones, the marble and granite industry of Pakistan is deteriorating mainly due to lack of recognition and interest by the government. This was stated by speakers during a roundtable meeting titled ‘Reform priorities for marble and granite sector...
KARACHI:  There was no respite in the plight of the auto sector as sales continued to plunge, recording a 41% year-on-year decline to just 10,496 units in August 2019, from 17,662 units in the same month of previous year. The downward trend was mainly due to higher auto prices post-rupee devaluation,...

Opinion

tourism cpec

Kashmir-CPEC nexus

In a new geostrategic scenario, situation has tied up Kashmir and CPEC with each other forever. Their correlation has opened up a new window...