Petroleum dealers, banks remain at odds over merchant charges
KARACHI: A number of fuelling stations in country are not accepting credit, debit, or privilege cards as petroleum dealers and banks remain at odds over merchant charges, it was reported. A source informed that profit margin of pump owners is lower...
Sterling plunges to all-time low in scathing appraisal of fiscal plan
TOKYO: Sterling tumbled nearly 5 percent to an all-time low as investors ran for exits after new government’s fiscal plan threatened to stretch Britain’s finances to their limits. Currency dived as much as 4.85 percent to an unprecedente...
KCCI for extension in last date for IT returns to Dec 31, 2022
KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees has requested Finance Minister to issue directives to Federal Board of Revenue (FBR) for extension in last date for filing income tax returns from September 30, 2022 t...
Ishaq Dar sets out to save Pakistan’s faltering economy
LONDON: PML-N senior leader Ishaq Dar has said he has his eyes set on putting Pakistan’s weakening economy back on track. Before leaving for Pakistan with Prime Minister Shehbaz Sharif, Dar said he looked forward to taking oath as Pakistan&rsqu...
KATI President welcomes decrease in current account deficit
KARACHI: President, Korangi Association of Trade and Industry, Salman Aslam has appreciated the government for bringing the current account deficit to 700 million Dollars during the month of August 2022. The current account deficit decreased by 19 pe...
Floods losses reach $30bn, external debt needs restructuring: FPCCI Chief
Karachi: Irfan Iqbal Sheikh President FPCCI apprised that all bilateral and multilateral external debts of Pakistan need immediate restructuring on soft terms as total economic cost of unprecedented floods in Pakistan has surpassed $ 30 billion. He...
Sindh starts releasing wheat quota to flour mills
KARACHI: Sindh government has started releasing wheat quota to flour mills across province in a bid to stablise flour prices. According to details, Sindh government would release 56,000 metric tonnes of wheat quota to flour mills till September 30....
Chinese envoy, Khurram Dastgir discuss matters of mutual interest
ISLAMABAD: Ambassador of China to Pakistan Nong Rong and Minister for Power Khurram Dastgir Khan discussed issues of mutual interests. Minister welcomed Ambassador and expressed reverence for Pak-China friendship, said a press release. He remarked t...
IMF has indicated easing programme conditions after floods: Miftah Ismail
ISLAMABAD: Minister for Finance and Revenue Miftah Ismail said that International Monetary Fund (IMF) has indicated it could ease its programme conditions for Pakistan in wake of massive devastation caused by floods with revised estimates putting l...
Prolonged load shedding in SITE halts industrial production: SAI Chief
KARACHI: Abdul Rasheed President Site Association of Industry (SAI) expressing concerns over 8 hours’ load shedding from 12:00a.m at night to 8:00a.m in morning in SITE area on daily basis said that load shedding is bound to have adverse impact...
