PIAF concerned as big industry contracts for 11th consecutive month
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has raised serious concerns over the continuous decline in the large-scale manufacturing index (LSMI),...
‘Efforts underway to streamline real estate, jewellery sectors’
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said that there were some areas in the real estate business where an effective...
Cotton arrivals fall 20pc to 8.1m bales
MULTAN: Seed cotton (Phutti) equivalent to 8.13 million bales reached ginneries across Pakistan till Jan 1, 2020, registering 20.77pc shortfall compared to the...
PM performs groundbreaking of Allama Iqbal Industrial City
Imran Khan says SEZs will provide Chinese companies requisite environment to relocate to Pakistan
Oil prices surge, markets sit up, PSX falters after Gen Soleimani’s death
Bull-run ends at PSX as world markets react to the significant escalation in Middle East tensions
Finance Minister urges FBR to strive for broadening tax base
LAHORE: Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh has directed Federal Board of Revenue (FBR) to...
Rupee depreciated 11.51pc in 2019 against the US dollar
LAHORE: The Pakistani rupee saw a decline of 11.51 per cent in its value against the US dollar in the outgoing year...
SBP reserves surge $582m to $11.5bn
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 5.3pc on a weekly basis
According to a statement issued...
Xiaomi to invest $7bn in 5G, AI and IoT over next five years
BEIJING: Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth-generation internet technologies...
Non-compliant debit and credit cards will not be blocked: SBP
Instead of an official circular, SBP practically extends deadline for banks to convert magnetic stripe cards to EMV through a press release
UAE crown prince announces $200m for SMEs in Pakistan
ISLAMABAD: Abu Dhabi’s Crown Prince Sheikh Mohamed bin Zayed Al Nahyan, who visited Pakistan along with a high-level delegation on Thursday, directed the...
Govt reduces taxes on imported phones; local industry decries move
ISLAMABAD: Through a recently issued presidential ordinance, the government has reduced withholding and sales taxes on imported phones valuing between $30 and...
‘Cement industry to operate at only 78pc capacity’
Dec 2019 sees cement despatches grow by more than 10pc
Oil firm as trade optimism, Mideast tensions support
LONDON: Oil rose on Thursday as signs of improving trade relations between Washington and Beijing which eased demand concerns and rising tensions in...
Govt to set up National Tax Council for harmonisation of GST
ISLAMABAD: The government has decided to set up a National Tax Council (NTC) to ensure the harmonisation of General Sales Tax (GST)...