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business

Factsheet: Khyber Pass Economic Corridor

What is KPEC? The Khyber Pass Economic Corridor (KPEC) connects Pakistan and Afghanistan with Central Asia through the Khyber Pass. This route has been integral to trade in South and Central Asia for hundreds of years.  It is part of…

Shipping sector declared as strategic industry

ISLAMABAD: Federal Minister for Maritime Affairs Syed Ali Haider Zaidi said the prevalent tax incentives given to shipping sector have been extended to 2030. Addressing a press conference along with Minister for Commerce, Investment,…

Jihad meets PM Khan to discuss IMF fund program

Jihad Azour, Director Middle East & Central Asia, IMF called on Prime Minister Imran Khan at PM Office yesterday. Advisor Finance Dr. Abdul Hafeez Shaikh, Governor State Bank, Secretary Finance were also present during the meeting,…

Oil and gas reserves discovered in Kohat: report

KOHAT: A huge amount of crude oil and gas reserves has been discovered in Kohat district of Khyber Pakhtunkhwa, according to Radio Pakistan. This is the first discovery of crude oil and gas in Chanda Oil Field and the discovery is…

SBP keeps policy rate unchanged at 13.25%

LAHORE: The State Bank of Pakistan (SBP) on Monday announced to hold its main policy rate at 13.25 percent, taking a pause from a series of recent hikes that it said had been enough to ensure the country s high inflation would gradually…

FBR to launch app to facilitate salaried class

ISLAMABAD: The Federal Board of Revenue (FBR) will be launching a new mobile application to facilitate the salaried class in filing their tax returns, the Rawalpindi Islamabad Tax Bar Association (RITBA) announced on Friday.

Russia’s Expo Bank keen to invest in Pakistan

ISLAMABAD: Igor Vladimirovich Kim, the Chairman of leading Russian investment Expo Bank, expressed keen interest to invest in Pakistan’s financial sector. Igor Kim expressed his interest during a meeting with Federal Minister for…

Amazon bets big on India with mega-office

With 49 elevators moving a floor per second and zumba classes for its more than 15,000 employees, Amazon's new Indian headquarters, its biggest building globally, matches its ambitions in a vast but challenging market.…