Turkish investors keen to setup partnerships in Pakistan
ISLAMABAD: A delegation of Turkish investors led by Ali Kurt, Director Technology Transfer and Project Management, M/s. Incubation Istanbul showed keen interest...
Oil plummet cause fears of global slowdown in wake of US-China trade war
Crude oil plunged on concerns the global economy would weaken further after President Donald Trump ended a tariff ceasefire with China. The president...
Fixed tax regime to rid small traders of CNIC headache
Owing to a misperception among traders about the CNIC condition on sale of Rs50,000, the government announced on Thursday it would soon introduce a...
Trump says US to hit $300bn worth of Chinese goods with 10pc tariff
WASHINGTON: US President Donald Trump said on Thursday he would impose an additional 10pc tariff on $300 billion worth of Chinese imports starting...
‘Sales tax to be recovered only if supplier is registered’
The Federal Board of Revenue, in its circular issued on Thursday, has clarified that sales tax can only be recovered from the...
Govt to introduce fixed tax regime for small traders: minister
'CNIC condition will be mandatory for business-to-business transactions and the govt will not reverse this decision at any cost'
ISLAMABAD: There was a...
Tax filing system to be made simpler, understandable: Shabbar Zaidi
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi said on Thursday that one of the major objectives of the revenue board...
Car production dips 5.32pc in 11 months
ISLAMABAD: The production of cars and jeeps witnessed a decrease of 5.32pc during the first eleven months of the fiscal year 2018-19,...
FBR not to tax annual property rent income of up to Rs0.2m
The Federal Board of Revenue (FBR) has clarified the new taxation system for selling open plots and constructed properties under the Finance...
Amazon chief Bezos cashes in $1.8bn of share pile
Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his...
Search for new IMF head widens to include British candidate
BRUSSELS/PARIS: European governments widened their search for a new head of the International Monetary Fund, extending a deadline to 1800 GMT on Thursday...
Shell blames lower energy prices for profit squeeze
LONDON: Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil and gas...
Consumer inflation increases 10.3pc in July
ISLAMABAD: Pakistan's Consumer Price Index (CPI)-based inflation rate accelerated to 10.3pc year-on-year in July, from 8.9pc a month earlier, driven by higher...
‘Around 2.5m applications for new connections pending with SNGPL’
SNGPL managing director says gap between demand and supply of natural gas is increasing due to depletion of existing hydrocarbon reserves
ISLAMABAD: The...
Vegetable exports rise 10.8pc in FY19
ISLAMABAD: The export of vegetable products from the country grew by 10.80pc during the financial year 2018-19, as compared to the corresponding period...