Standard Chartered faces fine for sanctions breaches: report

Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office of Financial Sanctions Implementation,...

China unveils rate reform to steer funding costs lower for firms

BEIJING: China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy...

Production of light commercial vehicles drops 16.19pc

ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19, as against...

Pharmaceuticals may turn to Chinese raw material as tensions with India soar

Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied by India...

Cabinet approves Aamir Khan’s appointment as SECP chairman

The government has appointed Aamir Khan as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect, according to...

SBP reserves jump $535m to $8.26bn

ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million as on...

US set to give Huawei another 90 days to buy from American suppliers

SINGAPORE/WASHINGTON: The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permit the Chinese firm to buy supplies from US...

ADB approves $25m loan to expand women’s access to credit in Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of Pakistan's leading...

Trade deficit shrinks 29pc in July

The trade deficit has contracted by 29pc in the first month of this fiscal year, with the government claiming this fall represents their move...

Dollar surges to Rs158.9, gold reaches Rs88,400 per tola

The US Dollar gained 51 paisa in the interbank market and was traded at Rs158.95 when compared to the last closing of Rs158.44, State...

Deadline for filing sales tax, FED extended till 23rd

ISLAMABAD: The Federal Board of Revenue on Friday extended the date for submission of sales tax and federal excise duty (FED) returns for the month of July...

Global rate cuts mark broadest policy shift since crisis: Fitch

WASHINGTON: A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift in global...

FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

OPEC sees bearish oil outlook for rest of 2019

LONDON: OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020...

30pc vehicles to go electric in 10 years, says PM’s aide

Pakistan has formulated a new transport policy under which at least 30 per cent of vehicles will go electric by 2030, said PM’s Adviser...

Popular News

FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

Latest News