Bitcoin craze hits Iran as US sanctions squeeze weak economy
Iranians feeling the squeeze from United States sanctions targeting the Islamic Republic's ailing economy are increasingly turning to such digital currencies as...
Shabbar Zaidi’s replacement rumours rebuffed
Special Assistant to Prime Minister Naeemul Haque on Thursday rebuffed the rumours regarding the removal of Federal Board of Revenue (FBR) Chairman...
Trump wants a weaker dollar. It could be a hard sell
WASHINGTON/SAN FRANCISCO: President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are...
Stocks bleed as KSE-100 plunges 672 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed bloodshed on Thursday, as the indices kept trading in the red amid lack of...
Minister urges ADB to scale up lending for Pakistan
ISLAMABAD: Economic Affairs Minister Hammad Azhar on Thursday met Asian Development Bank (ADB) Country Director Xiaohong Yang to discuss key priority areas and...
Oil rises 1pc after Iran says it seized foreign tanker in Gulf
LONDON: Oil prices rose about 1pc on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid...
Asia growth steady amid global trade tensions: ADB
MANILA: Developing Asia is forecast to maintain strong but moderating growth over 2019 and 2020, as supportive domestic demand counteracts an environment...
Pak Suzuki to maintain current production
Following the new taxation laws and hike in car prices, two of the leading auto manufacturers have already announced that they will...
Power tariff likely to be hiked by another Rs3.5 per unit
The government of Pakistan, following its agreement with The International Monetary Fund (IMF) is likely to increase the power tariff by another...
ECC decides to impose ban on export of wheat
Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh on Wednesday presided over a meeting of the Economic Coordination Committee (ECC)...
Current account deficit drops 32pc
The country’s current account deficit fell by 32pc during the current fiscal year owing to the business-friendly policies adopted by the incumbent...
PM Imran says won’t give in to traders’ pressure
'If we all pay taxes regularly, we will have enough money to pull the country out of the quicksand of loans'
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LPG distributors to observe strike in Karachi tomorrow
The Liquefied Petroleum Gas (LPG) Distributor Action Committee has announced to go on strike from today (Friday) in Karachi against the unnecessary...
WTO future a concern for global finance chiefs
PARIS: Global finance chiefs meeting in France have warned that the World Trade Organization's internal court risks becoming paralysed by bitter disputes between...
PTEA demands immediate resdressal of export-related challenges
'Stuck-up liquidity in refund regime, non-availability of subsidy on energy supplies and imposition of taxes on raw materials have adversely impacted...