KPMG to cut 5% of US jobs in fresh round of layoffs
KPMG is laying off 5% of its U.S. employees after feeling the pinch of "economic headwinds, coupled with historically low attrition," a spokesperson for...
KP businessmen demand immediate release of income tax refunds
PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) on Saturday demanded the Federal Board of Revenue (FBR) to immediately release income tax refunds...
Currency dealers hold back on dollar sales
Currency dealers are buying dollars in the range of Rs 275-280 but are not willing to sell
China says Russian involvement pivotal in Belt and Road Initiative
BEIJING: Russia is China’s major partner in the implementation of the Chinese government’s development strategy Belt and Road Initiative, Yu Jun, adviser at the Chinese...
BoI disappointed with Pakistan’s ranking in WB report
The board expected Pakistan’s ‘ease of doing business’ ranking at 100 instead of 136
ISLAMABAD: Although the government welcomed Pakistan’s improvement by 11 points in...
Hotel management startup Roomy raises $1 million in Pre-Series A round led by Lakson VC
LAHORE: Islamabad-based Roomy Hotels (Private) Limited (Roomy.pk) has closed a $1 million Pre-Series A round led by Lakson Venture Capital (Lakson VC).
The announcement was made...
Foreign Direct Investment dips 29pc in April
ISLAMABAD: Foreign Direct Investment (FDI) in Pakistan decreased by almost 29% in April and 23% in the first 10 months of the current fiscal...
Yellen is calling CEOs personally to warn on US debt ceiling, sources say
Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the "catastrophic" impact a U.S. default on its debt...
Private sector asked to invest in railway infrastructure
-- Sheikh Rasheed singles out train stations across the country as a good investment option
LAHORE: Pakistan Railways Minister Sheikh Rasheed on Saturday invited the private...
Diamond Industries restrained from using Master’s trademark ‘Papa Jaani’
Pakistan Electronic Media Regulatory Authority, through a notification, has directed all satellite television licencees to comply with the orders of the Intellectual Property Tribunal...
Shell to write down assets again, taking cuts to more than $22bn
LONDON: Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion...
Cabinet committee approves third quarterly regulatory reform package to modernise Pakistan’s business environment
Measures include centralised national business registry, simplified SME bank accounts, and updated Companies Act provisions
China accuses FedEx of ‘holding up’ Huawei parcels
BEIJING: China accused FedEx of deliberately "holding up" the delivery of more than 100 Huawei packages after the US firm misrouted some parcels from the...
Businessmen Group sweeps KCCI polls as 15 members elected unopposed
KARACHI: All candidates of the Businessmen Group (BMG) have been elected unopposed for the Managing Committee of Karachi Chamber of Commerce & Industry for...
Packages posts 50% increase in revenue but profits remain stable
High financing cost due to rising interest rates held back the business giant’s profits
