ISLAMABAD: The Federal Board of Revenue has obtained legal backing in line with the Trade Policy to allow duty drawback on the export of goods through a land route to Afghanistan. In this connection, the

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ISLAMABAD: Disposing of the case, the Supreme Court on Monday directed National Accountability Bureau (NAB) to recover an outstanding amount of $120 million from Karkey Rental Power Plant. A three-member bench comprising Chief Justice Iftikhar

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ISLAMABAD: Pakistan International Airlines (PIA) total losses have touched Rs 154 billion mark - Rs 70 billion in local currency and over $885 million in foreign currency. This was revealed by the management of PIA

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ISLANABAD: The government was able to contain fiscal deficit at 1.2 percent of GDP for July-September this year largely because of Rs 85 billion provincial budget surpluses and $1.18 billion reimbursed by the US on

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ISLAMABAD: The Finance (Amendment) Bill 2012 is expected to be tabled in the upcoming session of National Assembly to be held from next week to implement the Tax Registration Enforcement Initiative, 2012 (TREI 2012) and

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ISLAMABAD: The Inter-national Monetary Fund (IMF) has forecast that the country will require a gross financing of 30.2 percent of the GDP to meet its debt obligations and to finance a projected 6.4 percent fiscal

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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has devised a new formula for CNG price fixation according to which the commodity's price can go up by Rs 10.56 per kg, while the All Pakistan

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LAHORE: The Lahore High Court on Thursday directed the federal government to construct highly controversial Kalabagh Dam. The LHC Chief Justice, Umar Ata Bandial, while disposing of several identical petitions seeking directions for construction of

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ISLAMABAD: The government will launch 'construction of Gwadar-Mastung Broad Gauge Rail Link (901-kms)' project worth Rs 180.2 billion including Rs 26.84 billion Foreign Exchange Component (FEC) for laying railway line to transport goods from Gwadar

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ISLAMABAD: Prime Minister Raja Pervez Ashraf has rejected the entire cabinet's proposal on clearance of a doubtful deal for procurement of 75 Chinese diesel locomotives in haste, despite Railways Ministry's claim that the PR is

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