Gwadar free zone being modelled after China’s Shekou Industrial Zone

BEIJING: Gwadar Port free zone would be modelled after the Shekou Industrial Zone in Shenzhen, China, comprising a port, an industrial park, and residential and...

Business community urged to invest in aviation industry

'Close liaison between private sector and aviation industry will go a long way in strengthening the defence of Pakistan'ISLAMABAD: Former chief of the air...

‘Promotion of women entrepreneurship imperative for Pakistan’s prosperity’

ISLAMABAD: Former State Bank of Pakistan governor and Karandaaz Board Chairperson Dr Shamshad Akhtar said on Thursday that promotion of women entrepreneurship is the only...

Another Abraaj executive arrested in London

A third former Abraaj Group executive has been arrested in London following last year’s collapse of the largest private-equity firm in emerging markets.Sev Vettivetpillai,...

FBR informs World Bank about recent tax reforms

ISLAMABAD: A meeting was held between the representatives of the Federal Board of Revenue (FBR) and World Bank on the tax reforms introduced by FBR...

Economic uncertainty puts sale of 1,700cc and above cars in jeopardy

KARACHI: The sale of 1,700cc and above cars has dropped considerably after media reports that the government would withdraw its decision of imposing 10pc federal excise...

K-Electric asked to reduce time period for provision of new connections

ISLAMABAD: Prime Minister Imran Khan on Wednesday directed K-Electric to reduce to one month the time period of providing new electricity connections.The prime minister said...

Economic growth not possible without political stability: minister

– Sh Rashid says the govt had no other option but to approach IMF for assistance– KCCI official says the business community had cautioned...

IMF wants China-US trade deal to address structural issues

WASHINGTON: Any trade deal between China and the United States should be a long-lasting one that is consistent with multilateralism and addresses structural factors like...

Alibaba founder defends overtime work culture as ‘huge blessing’

'If you don't work 996 when you are young, when can you ever work 996?'SHANGHAI: Alibaba Group founder and billionaire Jack Ma has...

Abraaj founder, managing partner arrested on fraud charges

NEW YORK/LONDON: The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on the United States...

FPCCI laments lack of involvement in policymaking

Chamber president raises serious concerns over rising policy rate, increasing petroleum prices, declining foreign investments and falling exchange rateISLAMABAD: The Federation of Pakistan Chambers...

Dawood reviews EODB reforms, stresses close liaison between Centre, provinces

ISLAMABAD: Advisor to Prime Minister on Commerce Abdul Razak Dawood on Thursday chaired a high-level meeting to review the reforms undertaken by the government with...

FBR holds awareness session on recent tax reforms

ISLAMABAD: The Federal Board of Revenue held a session in Lahore for leading tax consultants, tax managers and businessmen in order to create awareness about...

Business community laments ‘exorbitant’ surge in POL prices

'Increase in POL prices will further escalate the cost of industrial production and will spur inflationary trend which has already reached 9.4pc'ISLAMABAD: The Federation of...

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Britain’s deficit hits 17-year low

LONDON: Britain's deficit improved last year to reach its lowest level for 17 years on bumper tax revenues and lingering state austerity, official data showed...