The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved Rs. 265.27 billion worth of projects related to road infrastructure and poverty alleviation.Presided over by Adviser to the Prime Minister on Finance and Revenue, Sh…
Leading international healthcare entity, Integrated Diagnostics Holdings (IDH), has signed a $72.35 million sale and purchase agreement (SPA) to acquire a 50 percent shareholding in Base Consultancy FZ LLC, the holding company of Islamabad Diagnostic C…
The government is considering raising the withholding tax (WHT) on cellular services from 10 percent to 15 percent in the forthcoming mini-budget.The advance tax on telecom services was originally cut from 12.5 percent to 10 percent in the state budget…
As many as 250 containers, carrying Kinnow from Punjab to Karachi, have been stuck at the National Highway in Qazi Ahmed town of Shaheed Benazirabad district of Sindh due to a sit-in. The sit-in, if prolonged, will cause a huge loss to the national exc…
The Cabinet approved the Strategic Trade Policy Framework (STPF) 2020-25 on Tuesday. STPF aims to enhance the ability of Pakistani enterprises capacity to produce, distribute and sell products and services more efficiently than competitors.Priority sec…
Advisor to the Prime Minister on Commerce Abdul Razak Dawood has stated that regional connectivity is one of the most important pillars of the new and special Strategic Trade Policy Framework (STPF), compiled by the Ministry of Commerce.He made these r…
The recent amendments carried out through the Companies Amendment Bill, 2021 would significantly promote start-ups, business innovation, entrepreneurship and improve the general business climate in the country.Significant amendments include the additio…
The cost of Islamabad Model Prison, a project started in 2017 with an estimated cost of Rs. 3.9 billion, has escalated to Rs. 12 billion due to the increase in prices of raw material amid the delayed execution.This was unearthed in a meeting of the Sen…
The PTI government will pay $55 billion in foreign debt payment during its five years tenure that ends in 2023, claimed the Minister for Information and Broadcasting Fawad Chaudhry.In a tweet, the minister pointed out that the foreign debt payment was …
Auto financing has broken all previous records this year with a massive increase in demand resulting from the arrival of new cars and decreased rates of interest. Ironically, it had a minimal increase of just one percent on a Month-over-Month (MoM) bas…
