Euro slips as trade war fears lead investors to shun risk; yuan slides
The euro fell on Wednesday as concern about an escalating trade conflict boosted the dollar and the yen, while the Chinese yuan slumped to a six-month low.
Profit rates on national saving schemes likely to rise on July 1
KARACHI: The profit rates are likely to be increased by half per cent on different national saving schemes.
As per sources, The National...
Power tariff scaled up by Rs1.25 per unit
ISLAMABAD:Â The National Electric Power Regularity Authority (NEPRA) has given the approval to increase power tariff by Rs1.25Â per unit.
This approval of the...
Summit Bank making all-out efforts to conclude merger with Sindh Bank
LAHORE: Summit Bank on Wednesday said it was making all-out efforts to conclude its merger with and into Sindh Bank Limited and...
Market Daily: Equity market registers another day of gains, rising by 472 pts
LAHORE: For a change, market bulls stepped up their game in Wednesday’s session and took inspiration from a buoyant close yesterday to...
FFC MD elected as Director of International Fertiliser Association
ISLAMABAD: The International Fertiliser Association (IFA) during the 86th FA Annual Conference held at Berlin, Germany has elected Fauji Fertilizer Company's (FFC's) Chief Executive...
Bank of England says UK banks can manage hard Brexit
Britain’s banks could deal with a hard Brexit next March if need be, Bank of England Governor Mark Carney said on Wednesday, rejecting European Union warnings that lenders are inadequately prepared.
Iran bans 1,300 imports as protesters, police clash over currency weakness
Iran is banning imports of over 1,300 products, preparing its economy to resist threatened US sanctions, amid rare public protests against the plunge of its currency to record lows.
Banks to observe extended working hours on June 29, 30 to collect taxes
LAHORE: All field offices of the Federal Board of Revenue (FBR) will remain open and observe extended working hours till 8:00 pm on...
Pakistan 4th most popular country for freelancing: report
ISLAMABAD: Pakistan is among the top five countries in the world when it comes to freelancing and generated a significant calculated amount...
Rukhsana Yasmeen to become FBR’s new chairperson
The caretaker Prime Minister Justice Nasirul Mulk has approved the transfer of Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha and has further appointed Rukhsana Yasmeen (BS-22) as the new chairperson of the revenue body.
Punjab caretaker cabinet resolves to work with local business community
LAHORE: In a rare interaction with the private sector, the Punjab Cabinet on Tuesday expressed the resolve to work hand in hand with the...
National food security ministry partners with USAID to enable agri-technology
KARACHI: The United States Agency for International Development (USAID) and the Pakistan Ministry of National Food Security and Research (NFS&R) launched USAID’s...
First Shaheen Air flight to carry 325 pilgrims from July 14
The airline is slated to fly more than 40,000 pilgrims as part of its Hajj operation this year
Trade at Sost resumes as army intervenes, suspends WeBOC system
Bilateral trade was suspended since 85 days following traders’ protest against WeBOC system