Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan

At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.

Asian shares tripped up by new U.S. tariff threat

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday.

‘Eighteen’ all set to strengthen its foothold in Dubai

DUBAI: Eighteen, a world class lifestyle destination development, has expanded its presence in UAE as it participated in one of Pakistan’s most successful...

‘FTA between Pakistan, Turkey imperative for bilateral growth’

ISLAMABAD: Former ambassador Shahid Amin has said that Free Trade Agreement (FTA) between Pakistan and Turkey can potentially increase bilateral trade. In an interview...

Iran accuses KSA, Russia for taking oil market as ‘hostage’

LONDON: Iran’s Organization of the Petroleum Exporting Countries (OPEC) governor said on Saturday that Saudi Arabia and Russia have taken the oil...

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...

Govt urged to take stakeholders on board for EDI protocols

-- Council suggests comprehensive review of import valuations to stem misuse and under-invoicing Pakistan Business Council (PBC) has urged the government that protocols...

Chinese trade mission to visit Pakistan on 26th

ISLAMABAD: Adviser to Prime Minister on Commerce and Textiles Abdul Razzaq Dawood has said a Chinese buying mission, consisting prominent businessmen and investors,...

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...

PACRA withdraws PEL’s Debt Instrument Ratings

PACRA has withdrawn Debt Instrument Ratings of Pak Elektron Limited (PEL) on September 13, 2018 with immediate effect.

IMF’s $3bn tranche to Argentina on hold as talks go on

The local peso currency has lost more than half its value against the US dollar this year as concerns swirled over the government’s ability to pay its debt obligations next year.

Citigroup pays $12 million to settle dark pool probe

The regulator also found that Citigroup Global did not disclose that over a period of more than two years, nearly half of its dark-pool orders were routed to and executed on other trading venues that did not offer the same premium features as Citi’s.

Trump readies tariffs on $200 billion more Chinese goods despite talks: source

Trump, who had already imposed 25 percent tariffs on $50 billion of Chinese goods, said a week ago that he would be adding tariffs on another $200 billion in goods

FDI dips by 40 percent in July-Aug 2018

–‘Situation to remain bleak unless govt comes up with a favourable policy for investors’ KARACHI: Foreign direct investment (FDI) dipped by 40 percent to...

SECP sensitises business community on limited liability partnerships

ISLAMABAD: The Security and Exchange Commission of Pakistan (SECP) on Friday organized a seminar in collaboration with the Lahore Tax Bar Association...

Popular News

FBR proposes up to Rs40,000 tax for shopkeepers

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a maximum Rs40,000 fixed tax for shopkeepers, Pakistan Today has learnt. As per the documents, the tax...

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KSE-100 gains 402 points as bourse turns bullish

KARACHI: Bullish sentiments prevailed at the Pakistan Stock Exchange (PSX) on Friday, as the indices remained positive throughout the session, helping the benchmark KSE-100...