NEPRA increases electricity prices by Rs2.04

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has made three electricity surcharges permanent, increasing the power prices by Rs2.04 per unit. Earlier, the per...

Foreign reserves decline by $174mn

Karachi: Foreign reserves held by the State Bank of Pakistan (SBP) decreased by $174 million to $11,602 million during the week ended March 30,...

Market Daily: KSE 100 gains 457.21pts, settles at 46,560.82

LAHORE: Market volatility shot up on Wednesday amid mixed news flow and a weak technical close in the previous session. The day,...

TDAP to take part in home textile fair in Shanghai

KARACHI: Trade Development Authority of Pakistan (TDAP) will participate in a home textile fair to be held in Shanghai from August 30. Intertextile Shanghai...

Philip Morris shifts entire capacity of its cigarette factory to smoke-free products

KARACHI: Philip Morris International (PMI) announced that the factory of its Greek affiliate Papastratos in Aspropyrgos, has ceased cigarette production and is...

US-China trade row puts pressure on German carmakers

FRANKFURT: German carmakers BMW and Daimler are under increasing pressure to diversify production of their sports utility vehicles (SUVs) outside of the...

Swiss bank whistleblower arrested in Spain

MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...

DGTO to hold consultative session on capacity building

ISLAMABAD: The Directorate General of Trade Organisations (DGTO) of Ministry of Commerce and Textile in collaboration with Licensed Trade Organisations of Pakistan will...

Bahrain discovers an estimated 80 billion barrels of tight oil

MANAMA: A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the...

Govt considering proposal to tax ‘gifts’ among non-family members

LAHORE: A tax to be levied on gifts given to non-family members by taxpayers is under the federal government's consideration, reported a...

Govt decreases borrowing from SBP

LAHORE: Government's borrowing from State Bank of Pakistan (SBP) was lower at the end of the third quarter of the current fiscal...

Pakistan delays FTA with China amid concerns raised by local industry

LAHORE: The federal government, amid demands from the local business community, has delayed the second phase of the Free Trade Agreement (FTA)...

Separate economy from politics for sustainable development: Rana Afzal

ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal Khan Wednesday stressed the need for separating politics from the economy, and continuity...

Top customs officials at loggerheads over issue of transfers, postings

ISLAMABAD: The top customs officials are at loggerheads with each other over the issue of transfers and postings of about fifteen executive staff...

Cement prices increase amid low period of demand ahead

LAHORE: Cement makers are taking a seventh consecutive leap of increases in prices, especially in the North, amid a period of low demand ahead,...