Business

OICCI says govt loses Rs240b in tax revenue due to IPR violation

Official points to imports from China, hike in energy prices as main reasons

Investors await widely expected cut in interest rates by Federal Reserve

Say their demands, including fixed tax system, have not been accepted

Benchmark index rises 0.89% to settle at 31,938.48

Terminal operator Engro insists it will earn only $150m over 15 years

Vendors had started selling naan in the range of Rs12 to Rs15 in different cities – up from Rs10

The index for the group stood at 244.42 points against 243.85 points in the previous week

The IMF has asked Pakistan to end state control of the rupee and let the currency move freely

Overall power generation rises 1.6% to 122,706GWh in FY19

Shoppers buying goods of more than Rs50,000 will have to provide CNIC number

NA committee approves amendment on foreign exchange regulations

Changes definition of resident individuals, will slap 5% penalty on property purchase with cash

Robust sales, higher finance income behind increase in earnings

Govt likely to allocate second LNG terminal’s spare capacity to market players

Benchmark index slips 76.11 points to close at 31,658.12

Brent crude, however, set for monthly fall of more than 3%

Fines Abraaj Investment Management $299.3m and Abraaj Capital $15.3m

OGRA also recommends hike of Rs5.65 per litre in diesel price

Ruling party points out lack of quorum to prorogue session

PMDC MD says no pact exists with India over sale or export of rock salt at lower prices

A team of Japanese experts have supported 52 local auto parts manufacturers in enhancing quality of their products

The government wants to reform and automate the system by implementing the best global practices to attract more FDI

The IMF has asked Pakistan to end state control of the rupee and let the currency move freely

State media says several million tonnes have been bought

Merged company will have leadership positions in many of world’s largest markets

Company earns Rs13.3b, declares dividend of Rs30 per share

Number of manufacturers reach 23 from just two in Karachi and Lahore

Board proposes final payout of Rs6.5 per share

Spokesperson says appointment is being made in line with rules

US, Chinese negotiators to meet this week, but expectations are low

Benchmark index dips 369.04 points to settle at 31,734.23

Audit initiative is useless; there is also no road map for privatisation of state units

Policymakers must focus on increasing global competitiveness of domestic firms

Experts stress improving agricultural practices to boost production and exports

Those who deposited tax challan by July 3 midnight are seeking permission to declare their assets

Smuggled goods, vehicles used in their transportation will be confiscated

LCCI president development of human capital most significant for growth

Establishment of the drought monitoring and outlook system will help in sharing knowledge

KSE-100 index sheds 356 points or 1.1% to settle at 32,103

Survey respondents believe self-driving cars will be more common in future

Report finds discrepancies between tax collected, deposited in national kitty

Finance Division could not release amount for March-June FY19

Will also help set up SEZs that will create avenues for entrepreneurs

Cost of living to rise due to new levies; FBR issues notification

Reduces GST to 5% from 12% and 18% earlier

Lead negotiators of both countries are to meet in Shanghai next week

Compared to the current arrangement of RLNG supply from SSGC

Umar said it was at PM’s discretion to decide whether to opt for the IMF programme or for the solution he had proposed

BOI is committed to supporting foreign investment and providing facilities to foreign investors says chairman