FBR exempts sales tax on import of sugar
ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on the import of 300,000 metric tonnes of sugar to arrest...
KPITB launches govt-owned BPO facility in Peshawar
PESHAWAR: Khyber Pakhtunkhwa Information Technology Board (KPITB) on Thursday announced that it has launched KP’s first-ever government-owned Business Process Outsourcing (BPO) facility in...
MCB profit rises 24pc to Rs13.2bn in half-year 2020
LAHORE: The Board of Directors of MCB Bank Ltd (MCB) met on Thursday to review the bank's performance and announce its financial...
Allied Bank appoints Aizid Razzaq Gill as CEO
KARACHI: Allied Bank Limited (ABL) on Thursday issued a statement to the Pakistan Stock Exchange (PSX) announcing that Aizid Razzaq Gill has...
Hafeez Shaikh seeks technical input from World Bank on pension reforms
ISLAMABAD: Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh has requested technical input from the World Bank...
Federal govt introduces ‘home financing facility’ for KP
Minister says ballotting for Naya Pakistan Housing Scheme in Sarozai area of Peshawar, where 20,000 grey structures will be built, has been completed
PM directs banks to simplify application process for housing loans
ISLAMABAD: Prime Minister Imran Khan on Thursday instructed commercial banks to simplify the application process for house building loans in order to...
Alibaba beats estimates as pandemic fuels online, cloud computing demand
China’s Alibaba Group Holding Ltd beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued...
Punjab govt announces new working hours for businesses
LAHORE: The Punjab government has decided to change business hours in the province to prevent the resurgence of deadly coronavirus that has...
Gold price drops to Rs117,500 per tola
ISLAMABAD: The price of 24-karat gold decreased by Rs2,500 on Thursday and was traded at Rs117,500, as against its previous close at...
Bears return to bourse as KSE-100 sheds 285 points
KARACHI: Bearish sentiments prevailed at the Pakistan Stock Exchange (PSX) on Thursday, with the indices succumbing to selling pressure following the announcement of...
PM Khan launches Sehat Sahulat Programme in KP
PESHAWAR: Prime Minister Imran Khan on Thursday launched healthcare coverage for all residents of Khyber Pakhtunkhwa (KP) under the Sehat Sahulat Programme.
Under...
BOK reports Rs1.2bn profit for half-year 2020
PESHAWAR: The Board of Directors of the Bank of Khyber (BOK) recently held its 162nd meeting, wherein it was announced that the...
China, US agree to hold trade talks, Chinese commerce ministry says
BEIJING: China and the United States have agreed to hold trade talks “in the coming days” to evaluate the progress of their...
Oil falls on caution over demand recovery
LONDON: Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the US Federal Reserve regarding...