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  • Pakistan owes $1.7bln in foreign debt repayments till yearend

    November 10, 2018 12:00 AM 9

    ISLAMABAD: Pakistan has to cough up $1.7 billion on account of foreign debt repayments till December this year, official data showed on Friday, posing risks to the country’s already shrinking foreign exchange reserves. The data gathered from different ministries showed that the country needs to make debt servicing of more than $1.7 billion in shape of principal

  • Corporate tax return form demanded

    November 9, 2018 12:00 AM 1

    KARACHI: Tax practitioners on Thursday urged the Federal Board of Revenue (FBR) to issue income tax return form for companies as corporate units having special tax year are required to file their returns on November 30. The FBR issued draft of corporate income tax return form for tax year 2018 through a statutory regulatory order (SRO 1091(I)/2018). However

  • Agriculture, textile sectors to benefit from China boost

    November 9, 2018 12:00 AM 3

    KARACHI: Agriculture and textile sectors are likely to be the primary beneficiaries if Pakistan’s exports to China get doubled under the renewed discussions between the two countries, a brokerage said on Thursday. Currently, the bilateral trade is immensely tilting in favour of China with Pakistan’s exports much below than the imports from the neighbouring

  • Government set to release lawmakers’ tax directory 2017

    November 9, 2018 12:00 AM 3

    ISLAMABAD: The government is soon to publish a tax directory of lawmakers after a one-year break and more than 100 individuals in the list are shown as non-filers, sources said on Thursday. The previous Pakistan Muslim League (Nawaz) government introduced the practice of issuing tax directory dedicated to lawmakers in 2013. Officials said the federal

  • SSGC chips in Rs15mln to dams’ fund

    November 8, 2018 12:00 AM 6

    KARACHI: Sui Southern Gas Company (SSGC) has donated Rs15 million to the Supreme Court of Pakistan and the Prime Minister of Pakistan’s Diamer-Basha and Mohmand Dams Fund, a statement said on Wednesday. “The SSGC executives and workers enthusiastically responded to the clarion call of Chief Justice of Pakistan Saqib Nisar and Prime Minister Imran Khan by donating

  • Emirates travellers to ‘Fly Better’

    November 8, 2018 12:00 AM 8

    KARACHI: Emirates has invited global travellers to “Fly Better” with the launch of its bold new brand promise, according to a statement. Emirates Airline President Sir Tim Clark said, “On 25th October in 1985, Emirates flew its first customers from Dubai to Karachi. While the airline has grown exponentially since, our promise to customers remains unchanged

  • SECP registers 1,395 new firms in October

    November 7, 2018 12:00 AM 3

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,395 new companies in October, indicating a growth of 63 percent, as compared to the corresponding month of the last financial year. The total number of registered companies has risen to 92,109, as per a statement on Tuesday. Over 50 percent companies were registered within

  • IDEAS 2018 to begin on Nov 26

    November 7, 2018 12:00 AM 3

    KARACHI: Organizers of IDEAS 2018 have said the 10th edition of the event would hold a golf tournament for the foreigners on November 26, a day before the main event kicks off at the Expo Centre. Talking to newsmen on Tuesday, Commodore Tariq Mahmood of DEPO said the golf tournament would not be only a game, it would also be networking and B2B event

  • POL sales decline 32 percent in October

    November 7, 2018 12:00 AM 4

    KARACHI: Overall petroleum products sales declined 32 percent to 1.65 million tons in October 2018, primarily because of shifting of power generation from furnace oil (FO) to RLNG and coal-based generation resulting in lower demand of FO, as per latest petroleum sales data issued on Tuesday. Analyst Arslan Hanif at Arif Habib Limited said various factors

  • Pakistan, China eye economic integration

    November 7, 2018 12:00 AM 6

    ISLAMABAD: Pakistan and China agreed to focus cooperation in agriculture sector, industrial uplifts and trade integration under the next phase of economic corridor projects, the finance ministry said on Tuesday. The ministry said the leaderships of the two countries decided that the next stage of China-Pakistan Economic Corridor (CPEC) will focus on industrial