Apple on brink of $1 trillion valuation, but Amazon isn’t far behind

Apple’s stock has risen 24 percent over the past year, fueled by optimism about the iPhone X, the company’s latest smartphone and Amazon’s stock has surged 70 percent over the past 12 months, bolstered by 31 percent revenue growth

FBR turned down health ministry’s proposal to increase cigarettes prices

ISLAMABAD: The Federal Board of Revenue (FBR) straightaway rejected the Ministry of National Health Regulation Authority’s proposal’ to soar the cigarettes price by Rs44...

Pakistan’s mystery billionaire

“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him in the...

FBR meets PSO leadership, discuss tax compliance and revenue generation

ISLAMABAD: As part of the Federal Board of Revenue's (FBR's) taxpayers outreach programme aimed at acknowledging the contribution of taxpayers and offering them further help...

Pakistani, Polish firms to cooperate on upstream projects

WARSAW: Poland’s leading gas company, PGNiG, has agreed with Pakistan’s Mari Petroleum Company to cooperate on upstream projects, PGNiG said on Monday. “This is another...

NAB increases scrutiny, seeks proper documentation for major agreements

ISLAMABAD: The National Accountability Bureau (NAB) has asked the central and provincial governments to submit documents worth more than $28 billion of agreements including LNG...

Engro to invest Rs7.6bn in a new PVC plant

LAHORE: In a notification sent to the Pakistan Stock Exchange (PSX), Engro Polymer and Chemical Limited (EPCL) notified the bourse regarding financing structure of...

Panasonic likely to sell security camera factory

TOKYO: Panasonic Corp is considering selling a Chinese plant that makes security cameras in a deal it hopes will fetch over $450 million, the Nikkei...

Chinese group to set up cheese processing factory in Pakistan

BEIJING: Joint Holdings Group Chairman Bai Shun called on the Consul General, Muhammad Mudassir Tipu on Monday at Pakistan’s Consulate General in Chengdu. The chairman...

Is Treet Corporation Pakistan’s next big conglomerate?

Syed Sheharyar Ali is now the fourth generation of his family to be a major business owner in the region that is now Pakistan,...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares