Govt to present budget on June 11
'Budget aims to stabilise economy, manage external deficit by decreasing imports, reduce fiscal deficit through revenue mobilisation and expenditure control'
ISLAMABAD: Amid...
Sri Lanka enters port deal with Japan, India
A deep-sea container terminal will be developed next to the $500-million Chinese-run container jetty in Colombo harbour
COLOMBO: Sri Lanka on Tuesday announced...
Govt likely to jack up petrol price by Rs9 before Eid: report
The government is likely to increase the prices of petroleum products by as much as Rs12 per litre from June 1st.
The Oil...
Govt mulling to introduce stringent anti-tobacco reforms
'There will be no place for merchants of death in Naya Pakistan'
ISLAMABAD: Prime Minister's Focal Person for Polio Eradication and Tobacco Control...
PR to reduce 50pc fares on all passenger trains this Eid
ISLAMABAD: Railways Minister Sheikh Rasheed Ahmed on Tuesday announced a 50pc discount on all trains on Eid day to facilitate the passengers across...
FBR formulating long-term strategy to expand tax net: Zaidi
Federal Board of Revenue Chairman Syed Shabbar Zaidi has said that the FBR is working on a long-term strategy to expand the...
German prosecutors raid Porsche in corruption probe
FRANKFURT: Prosecutors in Stuttgart said they raided German sports car maker and Volkswagen subsidiary Porsche on Tuesday on suspicion that an auditor was...
Govt urged to discourage import of used cars
ISLAMABAD: Pakistan Automotive Manufacturers' Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have warned the government that any move...
US Dollar gains strength, reaches Rs151 in interbank market
The US dollar on Tuesday reached the Rs151 mark in the interbank market, with the rupee falling by Rs1.40.
In the open market,...
‘Asia-Pacific may not achieve a single sustainable development goal by 2030’
New UN report on SDG progress urges countries to redouble efforts
On its current trajectory, Asia and the Pacific will not achieve...
Engro Fertilizers, Australia’s DFAT train over 4,000 smallholders
LAHORE: Engro Fertilizers Limited, Engro Foundation and the Government of Australia’s Department of Foreign Aid and Trade (DFAT) have successfully trained more than...
Govt urged to take action against smuggling of foreign currency
ISLAMABAD: A delegation of the foreign exchange dealers, led by Forex Association of Pakistan President Malik Bostan, called on Adviser to Prime Minister...
Huawei reviewing FedEx relationship, says packages ‘diverted’
HONG KONG: Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the US package delivery company,...
Bearish trend prevails as KSE-100 sheds 748 points
KARACHI: Stocks fell sharply on Tuesday with the KSE-100 index gliding below the 35,000 mark in intraday trade.
Indices started shedding gains right from...
Oil defies trade fears as prices rise on tight supply
LONDON: Oil prices rose on Tuesday, supported by tighter global supplies that have helped to offset persistent worries that demand will be...