Budget 2019-20: Salaried class to pay more taxes under PTI govt

Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.

Monal restaurant’s owner becomes first entrepreneur to receive ‘Pride of Performance’ award

ISLAMABAD: Owner of Islamabad's Monal restaurant, Luqman Ali Afzal, became the first Pakistani to be awarded a Pride of Performance award for 'entrepreneurship', according to...

Amazon eyes expansion in Pakistan, eager to capture e-commerce market

Amazon officials have also ensured that every effort would be made to make the process of selling on Amazon easy for Pakistani nationals.

Punjab Food Authority declares 61 ghee, cooking oil brands ‘unhealthy’

PFA has declared 61 ghee and cooking oil brands unhealthy for usage and has further seized 47,233 litres of ghee and cooking oil

Rupee down by another Rs4.6 against dollar in interbank market, hits Rs147

Ibrahim Moosa for Mettis Global told Profit, "The Pakistani rupee is expected to depreciate against the US dollar further and the market expectation is at around Rs147-148."

Business community demands aggressive crackdown against dollar mafia

'SBP should devise guidelines for local currency dealers so that only genuine buyers can buy dollars from the open market' ISLAMABAD: The business community has...

Huawei applies to trademark its own operating system after US ban

LIMA/SHANGHAI: China's Huawei has applied to trademark its "Hongmeng" operating system (OS) in at least nine countries and Europe, data from a UN body...

Hakim Said’s granddaughter takes charge of Hamdard

Fatema Munir Ahmed will serve as the new managing director and CEO of Hamdard Pakistan KARACHI: Fatema Munir Ahmed — granddaughter of Hakim Mohammed Said...

Abraaj founder released from custody after $19 million bail payment

Arif Naqvi will have to surrender his Pakistani passport, wear an electronic tag and remain under 24-hour curfew LONDON: Arif Naqvi, the Pakistani founder of...

Atlas Honda to launch new 125cc motorbike on 4th

'The motorbike will be priced between Rs140,000-145,000' KARACHI: Atlas Honda Company, one of the leading bike manufacturers in Pakistan, is all set to launch the new...

Rupee continues to tumble, down 3.1 per cent

It is speculated that the rupee will continue to fall and is expected to be valued at around Rs180 by December 2020 against the US dollar.

Twelve foreign recruitment firms blacklisted in Pakistan

ISLAMABAD: The Bureau of Emigration and Overseas Employment (BEOE) has barred 12 foreign recruiting firms from hiring Pakistani workforce due to non-compliance with employment code,...

Govt urged to give clear policy on dollar

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has sought a clear policy statement from the government on the price of the dollar, as...

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...

FBR warns business community against under-invoicing, misdeclaration

The Federal Board of Revenue (FBR) has warned the business community against under-invoicing or misdeclaration of imported goods. “Otherwise, the FBR will take punitive action...

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Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

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Pakistan’s exports will increase up to $36bn in 5 years: IMF

ISLAMABAD: The International Monetary Fund (IMF) has projected that Pakistan’s exports will increase to USD 36.7 billion in five years, by the year 2023-24. The...