Oil prices rise after US crude stockpile drop
LONDON: Oil prices rebounded on Wednesday after a steep fall in the previous session when OPEC and its allies’ decision to extend...
Chinese company mulls to invest in Islamabad IT zone
Adviser to Prime Minister on Commerce Abdul Razak Dawood on Wednesday met a Chinese delegation of investors, inviting them to explore the...
FBR initiates proceedings against undeclared benami assets
--‘Rs70bn collected through Assets Declaration Scheme’
The Federal Board of Revenue (FBR) has initiated proceedings against those who failed to declare their benami...
Sindh E&T dept lauded for achieving tax targets
KARACHI: Sindh Minister for Excise, Taxation & Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla on Wednesday lauded the Sindh Excise and...
Fertiliser prices won’t be increased, Dawood says
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Wednesday that the prices of fertiliser would not be increased...
SECP issues draft rules for collateral management companies
ISLAMABAD: With an aim to promote electronic trading and
warehouse receipt financing of agricultural commodities, the Security Exchange
Commission of Pakistan (SECP) on Wednesday...
‘IMF deal to open int’l markets for Pakistan’
ISLAMABAD: Minister of State for Revenue Muhammad Hammad Azhar said on Wednesday that the doors of the international market would open up...
Customs duty exemption on imported phones removed
ISLAMABAD: The customs duty exemption that was previously available on bringing one imported phone to Pakistan has been removed, as per the...
Stocks extend rally, KSE-100 closes 589 points higher
KARACHI: Stocks continued to rally for the third consecutive session on Thursday, as the indices followed the upward trajectory amid improved market...
HP, Dell, other tech firms plan to shift production out of China
--Microsoft, Alphabet, Amazon, Sony and Nintendo are also looking at moving some of their game console and smart speaker manufacturing out of...
US govt staff told to treat Huawei as blacklisted
WASHINGTON: A senior US official told the Commerce Department’s enforcement staff this week that China’s Huawei should still be treated as...
Pakistan Refinery Limited appoints Zahid Mir as CEO
--Mir had resigned as the MD and CEO of OGDCL on Monday owing to a NAB inquiry against him
Pakistan Refinery Limited (PRL)...
Inflation for June recorded at 8.89pc
Inflation for the month of June 2019 was recorded at 8.89pc, reflecting an increase of 0.36pc as opposed to May.
According to the...
Clean energy production among top govt priorities: PM
ISLAMABAD: Prime Minister Imran Khan said on Tuesday that an increase in the production of clean energy was among top government’s priorities.
“Production...
NHA seeks Rs50bn ADB loan to rehabilitate N-5 highway, Senate told
ISLAMABAD: The Senate’s Standing Committee on
Communications was informed on Tuesday that the National Highway Authority
(NHA) had sought a loan of Rs50 billion...