Exporters demand customs duty waiver on cotton yarn
KARACHI: Value-added textile exporters have demanded the government to abolish customs duty on the import of cotton yarn in order to support...
Cabinet extends fixed tax scheme for construction sector till June 30th
ISLAMABAD: The federal cabinet on Tuesday extended the fixed tax scheme for the construction sector till June 30, 2021.
According to sources privy...
Amazon buys 11 aircraft to make deliveries faster
Amazon.com Inc said on Tuesday it bought 11 Boeing 767-300 aircraft, as it looks to boost its delivery capabilities to cater to...
National workshop on livestock productivity tomorrow
ISLAMABAD: The Livestock & Dairy Development Board (LDDB) will host a national workshop on Wednesday to discuss "Genetic Improvement of Livestock Breeds...
Lahore, Karachi chambers join hands for trade promotion
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) and Karachi Chamber of Commerce & Industry (KCCI) have decided to make joint efforts...
Bitcoin emergence as ‘digital gold’ could lift price to $146,000, says JPM
LONDON: Digital currency bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes established...
Stocks close flat after volatile session
KARACHI: Putting an end to its winning streak, the Pakistan Stock Exchange (PSX) closed a volatile session on Tuesday flat, with the...
Govt to raise Rs3.6tr through bonds
The government will raise Rs3,620 billion through the auction of bonds from January to March 2021, the State Bank of Pakistan (SBP)...
Oil prices up $1 on OPEC output cut talks, Iran tension
LONDON: Oil prices rose by around $1 on Tuesday as tension simmered following Iran’s seizure of a South Korean vessel and as...
USC posts Rs100bn turnover for 2020
ISLAMABAD: The annual turnover of Utility Stores Corporation of Pakistan (USC) was recorded around Rs100 billion in the calendar year 2020 as...
In sudden u-turn, NYSE scraps plan to delist three Chinese telecom firms
HONG KONG/SINGAPORE: The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants - a shock reversal...
How shoe tycoon Steve Madden got back on his feet
NEW YORK: Steve Madden, founder and design chief of a multibillion-dollar eponymous shoe brand, knows something about being sanguine in a tough...
Alibaba to shut down Xiami music app
BEIJING/SHANGHAI: Alibaba Group will close its music streaming platform Xiami Music next month, in a move that marks a step back from...
Business community demands visa-free entry to boost Pak-Afghan trade
PESHAWAR: Traders and exporters of Pakistan and Afghanistan have demanded the introduction of a visa-free entry regime for the business community to...
Sustained gas supply ensuring export momentum: APTMA Punjab
LAHORE: Sustained supply of Regasified Liquefied Natural Gas (RLNG) has helped maintain the momentum of enhanced exports with the textile industry working...