State Bank of Pakistan likely to keep policy rates unchanged
KARACHI: In a recent poll conducted by Tresmark comprising over 25 bankers and brokers, 81.82% in the market unanimously agreed that SBP is likely to keep policy rate unchanged in…
Cabinet approves 20pc increase in EOBI pensions
ISLAMABAD: The Federal Cabinet on Thursday approved a 20% increase in Employees Old Age Benefits Institution (EOBI) pensions. The increase in pensions was suggested in November last year and the…
Government endeavoring to create a business friendly environment
KARACHI: Secretary Commerce Mohammad Younus Dagha has said the government is endeavoring to create a business friendly environment to help generate the commerce and trade activities in the country with…
International Steels Limited posts 23pc decline in profits
KARACHI: International Steel Limited (ISL) has announced a net profit of Rs907.1 million for the quarter ended December 31, 2018, which is 23 percent lower than the profit of Rs1.178…
Second freight train launched; Pakistan Railways to add 20 freight, 20 passenger trains by year-end
KARACHI: Pakistan Railways has planned to launch 20 additional freight trains and 20 additional passenger trains by the end of this year in public-private partnership mode. Railways will also launch…
Customs field officials considering protest
KARACHI: Pakistan Customs has organized a ceremony on January 26th in relation to World Customs Day. However, only officers of BS-17 and above have been invited to the event, which…
Economic reforms package is a half-hearted relief benefitting favourite sectors only
KARACHI: In 2018-2019, Pakistan’s economy is at the cross road of correction or further deterioration. There are very limited choices. There are clear signals from all angles that documentation of…
Danish companies to compete in bidding process for new renewable energy projects
ISLAMABAD: Federal Minister for Power, Omar Ayub Khan has welcomed the Danish investors for their firm commitment to participate in bidding process for Renewable Energy projects which the present government…
Pakistan’s premier leather products showcased at LeShow Istanbul
KARACHI: Pakistan’s leading manufacturers of leather products are participating in “LeShow Istanbul” being held from 24-26 January in Istanbul Congress Centre. LeShow is the most prestigious international leather and fashion…
Director Fayyaz Anwar, ADC Ali Zaman served contempt of Court notice
KARACHI: Sindh High Court has served a Show Cause Notice on Director Customs Intelligence and Investigation Fayyaz Anwar and Additional Director Ali Zaman Gardezi in a contempt application filed by…
Port Qasim Collectorate put on notice for Feb 27
KARACHI: A customs appellate bench of High Court of Sindh on Thursday issued notice to custom authorities of Port Muhammad Bin Qasim for Feb 27. The bench earlier heard counsel…
SHC suspends demand notice by custom authorities
KARACHI: A bench of Sindh High Court suspended demand notice issued to Shafique Sons seeking comments from respondents by Feb 08. The petitioner imported 7 consignments of tiles used in…
SHC seek departments reply in petition by Digicom Private Ltd
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Thursday asked the counsel for DIT, Pakistan Customs to…