Saudi Arabia to set up $10 billion oil refinery in Pakistan
Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices
Qatar Investment Authority aims to reach $45 billion in US investments
DOHA: Qatar Investment Authority aims to raise investments in the United States (US) to $45 billion in the next two years as...
China to roll out measures to maintain stable employment
BEIJING: China will roll out a series of measures to maintain stable employment this year, the official Xinhua news agency reported on...
Saudi energy minister says oil market on ‘right track’
ABU DHABI: Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly...
Bank of China to enable payment in yuan on US e-commerce platforms: Xinhua
BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales...
China to reduce restrictions on foreign investment
SHANGHAI: China will reduce restrictions on foreign investment and address difficulties facing foreign companies investing in the country, the commerce minister said, according...
Govt may cut gas cess by 50pc for fertiliser manufacturers
ISLAMABAD: The government is in negotiation with the fertiliser industry to resolve the issue pertaining to gas infrastructure development cess (GIDC) which the...
Govt to facilitate stockbrokers, realtors in mini-budget
ISLAMABAD: The federal government has decided to abolish the 0.02pc advance tax on sale/purchase of shares, it was learnt on Saturday.
Sources said that...
Govt remains afloat on external front, keeps IMF at bay
Finance Minister says not entering into an IMF programme for now and mini-budget set to be announced on 23rd of January
Govt urged to withdraw hike in drug prices
KARACHI: Pakistan Medical Association (PMA) on Saturday showed concern over the announcement of 15 per cent hike in the medicine prices by the...
‘SECP tampered with record pertaining to fake accounts, other cases’
KARACHI: The recent raid of the Federal Investigation Agency (FIA) on the Securities and Exchange Commission of Pakistan (SECP) building and subsequent seizure...
China’s premier says tax cuts support employment, economic stability
SHANGHAI: China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax...
PSX gains 1,502 points in week
With WTI crude oil rising 10pc, exploration and production remained the best performers during the week
KARACHI: The Pakistan Stock Exchange (PSX) recorded...
Saudi minister reaches Gwadar to inspect land allocated for oil refinery
GWADAR: A Saudi delegation, headed by Saudi Minister for Energy, Industry and Minerals Khalid Abdul Aziz Al Falih, arrived in Gwadar on Saturday...
Mini-budget on Jan 23 will revive economy, Asad Umar claims
–Finance minister says Pakistan not considering IMF bailout for now
–Says budget will remove tax anomalies, facilitate investors
–PPP’s Sherry opposes budget, says new...