Auto sales increase by 22pc for 9MFY18
KARACHI: Auto sales increased by 22 per cent despite a surge in car prices due to rupee devaluation for the first nine...
Assets of Islamic banks up 9.1pc
KARACHI: During the last quarter of 2017, Islamic banking industry’s assets grew 9.1 per cent (Rs189 billion) to Rs2.272 trillion, compared to Rs2.083...
IMF warns of potential debt risks for countries involved in OBOR
HONG KONG: International Monetary Fund Managing Director Christine Lagarde said on Thursday China’s Belt and Road initiative is showing signs of progress...
China vows action if US intensifies trade spat
BEIJING: China’s commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington’s attempts at dialogue were...
Amazon vies to increase share in Pakistani fashion outlet
LAHORE: In an interesting development, Amazon which already owns a 33 percent stake in Pakistani fashion-based portal Clicky.pk is interested in increasing...
Benefits of tax amnesty scheme won’t last beyond June 2018: Moody’s
LAHORE: Moody’s, the credit rating agency on Thursday in its assessment of the tax amnesty scheme said its benefits may not last...
GB traders protest introduction of internet system for goods clearance at Sust dry port
GILGIT: Domestic exporters and importers in Gilgit-Baltistan have vociferously protested the introduction of Web-Based One Customs (WEBOC) for goods clearance at Sust...
Bank of China permitted to establish clearing & settlement facility
KARACHI: The Bank of China on Wednesday was granted permission by the central bank to establish a domestic Chinese yuan (CNY) clearing...
Ogra requested to expedite standardization of manganese content in petrol
ISLAMABAD: The government has been requested by Oil and Gas Regulatory Authority (OGRA) to expedite the move to finalizing standards and specifications...
Dr. Miftah Ismail set to visit US for IMF spring meetings
ISLAMABAD: Adviser to Prime Minister on Finance, Dr. Miftah Ismail is scheduled to visit the U.S from April 18th on a three-day...
KP endorses FWO for construction of oil pipeline
ISLAMABAD: The Khyber Pakhtunkhwa government has voiced opposition to Inter-State Gas Systems (ISGS) for laying the pipeline from Machike to Taru Jabba...
PSO, Power China in negotiations to setup a $8 billion refinery
KARACHI: The country’s leading oil marketing company Pakistan State Oil (PSO) is in negotiations with Power China to enter into a partnership...
FBR to now investigate overseas assets without time restrictions
KARACHI: With the recently introduced presidential ordinance Income Tax (Amendment) Ordinance 2018, the one biggest impediment of time restriction of six years...
IMF follows FATF footsteps, voices opposition to amnesty scheme
ISLAMABAD: Voicing concerns over the amnesty scheme being offered in Pakistan, International Monetary Fund said these schemes never achieved their stated objectives.
A...
CPEC to further enhance growing Pak-Iran relations
ISLAMABAD: The Ambassador of Pakistan to Iran Asif Durrani has said that the successful completion of China-Pakistan Economic Corridor (CPEC) would further...