OECD treaty regulations bar member nations from prosecuting its nationals
ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having...
Government contemplating withdrawal of electricity surcharge for Punjab’s textile industries
LAHORE/KARACHI: Punjab and federal governments are contemplating to provide energy pricing subsidies to textile manufacturers to make them more competitive in international...
Pakistan among top five emerging economies in the world: Ahsan Iqbal
OSLO:Â Pakistan has become one of the top five emerging economies in the world, said Minister for Planning, Development and Reform Ahsan Iqbal.
Iqbal,...
Govt may temporarily reverse import policy on import of new/used cars
ISLAMABAD: The government is contemplating a reversal of Economic Coordination Committee’s (ECC) decision to lift moratorium on import of three-year old used...
Govt allows PSO to import furnace oil for power sector after three-month ban
ISLAMABAD: The government lifted a three-month ban on import of furnace oil as it directed state-owned Pakistan State Oil to ensure import...
Pakistan obtains another $500 million loan from ICBC
ISLAMABAD:Â Pakistan has obtained another $500 million loan from Industrial and Commercial Bank of China (ICBC) due to dwindling foreign exchange reserves and...
Being put on FATF list, may spike up banks foreign transaction costs
KARACHI: Pakistani banks could see a major spike in costs of their foreign transactions if the country is put on the international...
Govt appreciates budget proposals from tax bar bodies: Haroon Akhtar
ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan has said the government values the contribution of tax bar associations...
Global stocks set for best week in six years, dollar sags
LONDON: World shares were set for their best week of gains in six years on Friday after two consecutive weeks in the...
Bitcoin’s jumps to $10,000, yet investors still down $60bn in 2018
LAHORE: Over $550 billion of value was wiped off the entire cryptocurrency market in just under a month when Bitcoin slid another...
Market Daily: KSE 100 breaks 43,000 psychological barrier, gains 684.75 points
LAHORE: After two turbulent sessions at Pakistan Stock Exchange (PSX), just when it looked like things were going to fall apart, they...
FATF watch list threatens with plausible economic pressure
KARACHI:Â Inclusion of Pakistan in the global terrorist financing watchlist can increase the cost of doing foreign transactions for the country, according to...
SECP adopts three AAOIFI Shariah Standards
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of three Shariah Standards of the Accounting and Auditing...
Govt releases Rs293.23 million for industrial projects under PSDP
ISLAMABAD: The government has released Rs 293.230 million for several industrial development projects under its Public-Sector Development Programme (PSDP) 2017-18 as against...
Pakistan IT exports expected to cross $6b by next year
KARACHI: Pakistan’s nascent information technology sector exports have risen over $5 billion, said co-founder of 10XC, Saif Akhtar on sidelines of a...