Business

High finance cost due to rupee depreciation dilutes profit

Increase comes on the back of rise in oil and gas production, rupee fall

10 major electricity distribution companies have made names public

Traders have asked FBR for exemption from taxes and duties

Lack of mechanisation hampers efforts to increase crop production

Company intends to use the investment in marketing, tech upgrading

Power Division secretary explains different electricity transmission models to the Turkmen delegation

NEPRA takes notice of charges collected by company without approval

US energy giant also eyeing investment in Pakistan’s LNG sector

Sends summary to ECC for review so that minimum burden will be placed on the masses

Shortfall comes amid strategic differences between Pakistan and IMF

Benchmark index loses 241.83 points to settle at 36,784.44

The government is charging the 17% general sales tax on petroleum products

Comments from Riyadh come despite US pressure to raise output

Aims to generate Rs100b revenue of the total Rs600b tax collection target set by IMF

Accordingly, SSGC has requested the federal government to address this anomaly

Cumulatively, the rupee has shed 33.4% of its value since December 2017

Analyst cites lower gross refining margins for the loss

Both parties fail to reach an agreement before deadline

Provincial govt spends millions each month on operations of three bodies

Tycoons continue to collect cess from consumers, but fail to deposit it in govt accounts

New innovation will improve performance of hybrid and electric cars by over 60%

Finance ministry says Centre has neither reduced nor delayed funds to provinces

Technical teams are locked in negotiations for 10 days; hope to clinch deal on May 10

Canberra stopped Huawei, ZTE from supplying equipment for 5G network

Benchmark index loses 0.28% to settle at 37,026.27

Exploring impact and prospects of China-Pakistan Economic Corridor for Pakistan

US president urged OPEC and top oil exporter Saudi Arabia to lower oil prices

If given the green light, petrol to be dearer by Rs14.37

Tehran is trying to cope with impact of tighter sanctions imposed by US

Islamabad to initiate technical level discussions based on data and statistics

Pakistan needs to ensure skills development, frame sound policies

These zones will solve most of the problems like lack of infrastructure and travel curbs

Sustainable export growth is necessary to eliminate balance of payments crisis

Two countries sign Second Phase of FTA, ML-1 railway-line agreements

'The activities of these multinationals are not at all regulated today'

Say China has alternative oil suppliers including the United States and Saudi Arabia

MoUs are aimed at promoting investment avenues, achieving greater efficiency

Believes these will lead to increase in remittances, investment in country

KSE-100 index loses 162 points over cabinet reshuffle, economic challenges

Considering privatisation or public-private partnership for the company

Will shift towards public-private partnership model to improve services

Think tank believes tax reforms will generate extra revenue of Rs206b

Of the 23 LTUs and RTOs, 14 report negative growth in collection of direct taxes

Moscow has an agreement with OPEC to maintain production at a certain level until July

Says more and more friends and partners will join in Belt and Road cooperation

Plans to acquire, construct 3G/4G mobile internet towers

Boost seen due to other income originating from overdue receivables

The company reported net sales of Rs35 billion in Jan-Mar 2019

Increase comes on back of robust sales, surge in other income