Gold price increases Rs400, sold at 96,400 per tola
The per tola price of 24 karat gold increased by Rs400 and was traded at Rs 96,400 on Thursday as compared to...
SBP sells Rs169bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) raised Rs169 billion through the sale of Pakistan Investment Bonds (PIBs), according to a statement...
ICCI calls for 10pc cut in rental income tax
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed on Thursday urged the government to cut high taxes on...
Airlines increase job cuts as pandemic crushes air travel
Major airlines on both sides of the Atlantic are cutting even more jobs as they struggle to cope with a plunge in...
Company accuses PSQCA officials of harassment, misuse of power
ISLAMABAD: In an affidavit sent to the Ministry of Science and Technology (MoST) secretary, a cosmetic company has claimed that it was...
Trump set to order review of law that protects social media companies
WASHINGTON: US President Donald Trump is expected to order a review of a law that has long protected internet companies, including Twitter...
T-bill divestment in May reaches $182m
KARACHI: Foreign investors sold $16 million worth of treasury bills (T-bills) on May 21, according to the latest data from the State...
SBP reserves drop $55m to $12bn
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $55 million to $12,073.9 million during the week...
Tobacco farmers urge NA speaker to help resolve ‘advance tax’ issue
LAHORE: Tobacco farmers and industrial workers have requested National Assembly Speaker Asad Qaiser to play his role against the imposition of advance...
World Bank calls for longer-term debt relief for poorest countries
WASHINGTON: World Bank Group President David Malpass on Thursday called for longer-term debt relief for the world’s 77 poorest countries, and said...
Crashed PIA plane hit runway three times on first approach: minister
ISLAMABAD: The captain of a Pakistani airliner that crashed last week, killing 97 people on board, approached Karachi airport without announcing he...
US economy shrank at 5pc annual rate in Q1
WASHINGTON: The US economy shrank at an even faster pace than initially estimated in the first three months of this year with...
Facebook initiates Authorized Sales Partner programme in Pakistan
KARACHI: In a bid to deepen its presence in the Pakistan market, Facebook has initiated its first Authorized Sales Partner (ASP) programme...
Bears dominate as KSE-100 sheds 141 points
KARACHI: Indices of the Pakistan Stock Exchange (PSX) did not welcome the resumption of trade activities after a week-long break, and displayed...
Response sought from Centre on inclusion of Hafeez Shaikh in 10th NFC
ISLAMABAD: The Islamabad High Court (IHC) on Thursday directed the federal government to submit its response as it took up a petition questioning...