ECC approves 9 mmcfd gas from Fazl X-1 to SSGC
KARACHI: Economic Coordination Committee (ECC) has approved proposal of Ministry of Energy based on request by Pakistan Petroleum Ltd for allocation of up to 9 mmcfd gas from Fazl X-1…
Pakistan planning amnesty scheme to mobilize undocumented money
KARACHI: PTI government is planning an amnesty scheme to bring the undocumented money, present in the country, into the industrial sector rather than boosting revenue collection. It may be mentioned…
Booming retail sector hit hard
The booming retail market of Pakistan which was all set to cross the whopping $50 billion mark suffered a major setback as SROs issued by the Federal Bureau of Revenue…
JS Bank becomes Pakistan’s First Financial Institution to be Accredited by the Green Climate Fund (World’s Largest Climate Fund)
Karachi: JS Bank has become Pakistan’s first financial institution to have been accredited by the Green Climate Fund (GCF), the world’s largest climate fund. The Fund aims to provide facilities…
Nebras Power expands its presence in Jordan’s Power Sector
DOHA: Nebras Power Q.P.S.C (Nebras) and Nebras Power Investment Management BV (NPIM) have announced that they have entered into a Sale and Purchase Agreement (SPA) to acquire the AES Corporation’s…
Takaful Emarat posts profit of AED 14 million
DUBAI: Takaful Emarat, the Dubai Financial Market (DFM) listed, Shariah-compliant Life and Health Takaful provider, announced its full year financial results for the twelve-month period ended December 31, 2018. Net…
Agha Steel Launches 1st Company Operated Retail Outlet
Karachi: Agha Steel Industries Limited launched its 1st Company Operated Point of Sale, in Hyderabad, at the commercial hub of Hyderabad Super Highway Road. The ASIL Outlet will serve the…
FBR issues advice for payment of Rs7.23 billion Sales Tax refunds
KARACHI: Federal Board of Revenue (FBR) has issued an advice to the State Bank of Pakistan (SBP) for making payment of sales tax refunds amounting to Rs7.236 billion to facilitate…
Pakistan Customs surpasses target by collecting Rs444 billion in 8 months
KARACHI: Pakistan Customs has surpassed its target by collecting Rs 444 billion in first eight months of the current financial year i.e., July-February 2018-19. Target for collection of customs duty…