Oil price crosses $70 as Iran deal tensions linger
DOHA: Crude oil prices posted their biggest weekly gain in eight months with rising geopolitical risk in the Middle East threatening security...
FPCCI president urges govt to honour its commitment on release of refund claims
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour has urged the government to honour its commitment and start processing...
Globalists buck US index fund trend
NEW YORK: Volatility in US equity markets this year is pushing investors not only to invest in stocks abroad, but also to...
ICAP proposes increase in FBR value rates on immoveable properties
ISLAMABAD: The Institute of Chartered Accountants of Pakistan (ICAP) has proposed to gradually increase the Federal Board of Revenue (FBR) rates on...
Import of used cars contributing to Pakistan’s potential FATF listing
KARACHI: The payment for imported used cars is made through dubious 'hawala channel’, which has been cited as one of the reasons that...
Karachi to host 19th Textile Asia trade fair from March 27
KARACHI: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and Ecommerce Gateway Pakistan are jointly organising a three-day international textile, garments machinery...
WTO facilitation agreement to reduce trade costs in Asia-Pacific by 26pc
LAHORE:Â With the full implementation of the World Trade Organisation (WTO) Trade Facilitation Agreement, trade costs in Asia and the Pacific are projected...
Oil, food, transport imports grow 29pc in July-February
LAHORE: Pakistan’s oil, food and transport import bill amounted to $16.2 billion in the first eight months of the current fiscal year,...
Delay in work on Diamer-Bhasha Dam expected due to slow resettlement
LAHORE: Despite disbursement of Rs88 billion for $14 billion Diamer-Bhasha Dam, only 20 per cent resettlement has been completed by the government...
Dropbox shares close up 35pc in biggest tech debut since Snap
NEW YORK: Dropbox shares closed at $28.42, up more than 35 per cent in their first day of trading on Friday, as investors rushed to buy...
Power consumers likely to get relief of Rs2.19 per unit for Feb
ISLAMABAD:Â Power consumers in the country are likely to get a relief of Rs2.19 per unit in lieu of a fuel price adjustment...
Sri Lanka endorses CPEC, hopes for increased bilateral trade
KARACHI: Sri Lankan President Maithripala Sirisena has said that Sri Lanka is pleased over Pakistan’s economic progress and China-Pakistan Economic Corridor (CPEC)...
Govt in a fix over impending peak electricity season
LAHORE:Â Speaking to Pakistan Today, sources in the ministry have said that a one-off payment of circular debt is strongly being considered by...
CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules
ISLAMABAD:Â In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which...
Promotion of SMEs top on SBP agenda: Tariq Bajwa
SIALKOT:Â State Bank of Pakistan (SBP)Â Governor Tariq Bajwa has said that adequate efforts were being made for the promotion of SME sector in...