Trade deficit shrinks 29pc in July
The trade deficit has contracted by 29pc in the first month of this fiscal year, with the government claiming this fall represents...
Dollar surges to Rs158.9, gold reaches Rs88,400 per tola
The US Dollar gained 51 paisa in the interbank market and was traded at Rs158.95 when compared to the last closing of...
Deadline for filing sales tax, FED extended till 23rd
ISLAMABAD: The Federal Board of Revenue on Friday extended the date for submission of sales tax and federal excise duty (FED) returns for the month...
Global rate cuts mark broadest policy shift since crisis: Fitch
WASHINGTON: A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift...
FBR issues notices to 3,950 non-filers in Lahore
LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their...
OPEC sees bearish oil outlook for rest of 2019
LONDON: OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges...
30pc vehicles to go electric in 10 years, says PM’s aide
Pakistan has formulated a new transport policy under which at least 30 per cent of vehicles will go electric by 2030, said...
Power sector witnesses Rs121bn increase in revenues
'Govt envisions increasing the share of renewable energy to 20pc by 2025'
ISLAMABAD: The power sector revenues have witnessed a significant increase of...
Indonesia president proposes $178bn budget for 2020 with focus on education
JAKARTA: Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human...
PSX bleeds on first day after Eid
KARACHI: Amid rising border tensions, indices at the Pakistan Stock Exchange (PSX) recorded fresh lows on Friday, with the KSE-100 Index ending...
Cathay Pacific’s torrid week ends with shock CEO resignation
HONG KONG: Cathay Pacific announced the shock resignation on Friday of its CEO Rupert Hogg, compounding a torrid week for the Hong...
Weekly SPI inflation increases 1.23pc
ISLAMABAD: The weekly inflation for the week ended on August 8 witnessed an increase of 1.23pc for the combined income group, as compared...
Government optimistic to meet housing demand
The Naya Pakistan Housing Program (NPHP), a flagship project of the Pakistan Tehreek-e-Insaf (PTI) government to provide affordable residential units to low-income...
Govt. to incentivize Pakistani resident ship-owning companies through tax exemption
The government has approved a tax incentive for new Pakistani resident ship-owning companies in a bid to boost the shipping sector.
The tax...
AEDB initiates 50 MW wind power in Jamshoro
KARACHI: Alternative Energy Development Board (AEDB) has executed the Implementation Agreement (IA) with Master Green Energy Limited (MGEL) for their 50 MW...