Trump says US-China trade talks going well

WASHINGTON: US President Donald Trump on Wednesday said ongoing trade talks between the United States and China were going well, as the world’s two...

MCB Bank reports 24pc growth in profit before tax

The bank declares an interim cash dividend of Rs4 per share for the 1st quarter of 2019The Board of Directors of MCB Bank...

‘Govt to present next budget by end of May’

Finance secretary says assets declaration scheme will be finalised by next week with amendments directed by Dr Hafeez ShaikhISLAMABAD: The government will be presenting...

Imports reduced by $3.5bn in FY19, PM’s aide tells NA

'Prudent steps like imposition of regulatory duties and control of low-quality products will further reduce the volume of imports in the coming months'ISLAMABAD: Adviser...

Saudi says no immediate plan to boost oil output as Iran waivers end

RIYADH: Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude, energy minister...

Pakistan, South Korea sign framework arrangement worth $500m

Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in PakistanISLAMABAD: Adviser to Prime Minister on...

LHC sets aside FBR’s suo motu powers to collect sales tax

'FBR cannot collect sales tax from any businessperson without registering him/her'LAHORE: The Lahore High Court (LHC) has set aside the suo moto powers of...

HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019

HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first quarter of...

Respite for PSX as index closes 100 points higher

KARACHI: The Pakistan Stock Exchange (PSX) changed its direction on Wednesday, as indices managed to recover losses from the preceding session. Foreign investors closed Tuesday’s...

Enhanced Indian duties hampering Pakistani exports, NA told

ISLAMABAD: Parliamentary Secretary for Commerce Shandana Gulzar Khan on Wednesday informed the National Assembly that Pakistan's exports to India had shrunk significantly following the imposition...

Govt urged to facilitate gemstone sector

Owing to the non-availability of a safe and guaranteed space, investors hesitate to invest in this sectorISLAMABAD: All Pakistan Commercial Exporters Association (APCEA), in...

Current account deficit may shrink to $7bn in FY19: APTMA

The All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has expressed hope that the current account deficit would be down to zero within...

Economic revival, trade facilitation among govt’s top priorities: president

KARACHI: President Dr Arif Alvi said on Tuesday that revival of the country’s economy was the topmost priority of the present government.Talking to a business...

‘Rs51bn recovered from power sector in four months’

ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...

Oil hits highest since November as US tightens Iran sanctions

LONDON: Oil prices hit their highest since November on Tuesday after Washington announced the end of all waivers on imports of sanctions-hit Iranian crude, pressuring...

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SC restores taxes on cellular top-up

CJP says apex court will not intervene in public revenue and tax collection propositionsISLAMABAD: The Supreme Court (SC) on Wednesday ordered the restoration of all...