Oil prices touch $64 a barrel, as North Sea pipeline issues continue

NEW YORK: Oil edged up toward $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and expectations that...

Cabinet’s decision to impose health tax set aside in budget

Sources claim that 'an influential lobby in the FBR' had opposed this taxISLAMABAD: The decision of the federal cabinet to impose health tax on...

Pakistan to reach ‘tipping point’ for cloud transformation in 2018, claims SAP

LAHORE: In 2018, Pakistan will reach the “tipping point” for the cloud transforming industry verticals, and citizen and customer experiences, digital transformation enabler SAP...

Import of used cars: MoC issues clarification

ISLAMABAD: Ministry of Commerce (MoC) has issued a clarification aimed at the general public and overseas Pakistanis regarding its decision of streamlining the process of...

Taxation system needs a serious overhaul: ACCA

ISLAMABAD: Giving its proposals for the next budget, Association of Chartered Certified Accountants (ACCA) has identified that the taxation system in Pakistan is in...

iPhones to be exempted from China tariffs

President Donald Trump told Apple Chief Executive Tim Cook that the US government would not levy tariffs on iPhones assembled in China, the New...

Govt may cut gas cess by 50pc for fertiliser manufacturers

ISLAMABAD: The government is in negotiation with the fertiliser industry to resolve the issue pertaining to gas infrastructure development cess (GIDC) which the industry had...

China moves to lift confidence as economic growth hits weakest pace since 2009

On a quarterly basis, growth cooled to 1.6 percent from a revised 1.7 percent in the second quarter, meeting expectations

Govt raises inspection fee for LPG installations

New rules devised by the Department of Explosives of the Ministry of Industries and Production (MoIP) has seen the hiring of its own third-party inspectors aside those Oil and Gas Regulatory Authority (Ogra) has

Pakistan, Belarus representatives for increased economic cooperation

Minister for Commerce Engr Khurram Dastagir Khan on Thursday emphasised on increased interaction between Pakistan and Belarus at different levels, including the exchange of...

Rescheduling the loan for revival of sick textile units

Crisis-stricken textile industry, the 55pc contributing sector in the country’s export, has requested State Bank of Pakistan (SBP) to reschedule/restructure the loan for the...

Industrial development imperative for economic uplift: Dawood

PM's aide says Pakistan's economic situation is not as bad as being portrayed by some quartersISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak...

PPAF disburses Rs145 billion through 7.7 million loans

Pakistan Poverty Alleviation Fund (PPAF) has disbursed Rs. 145 billion through more than 7.7 million loans since 2000 by its Credit and Enterprise Development...

MoE directed to determine impact of US sanctions on Iran

The recommendations to be provided by MoE will constitute part of the new government’s economic and trade relations overseas in midst of regional and international relationships between major global powers, especially after the US pulled out of a nuclear deal with Iran, said a senior official

SECP’s ultimate objective is to make stock market transparent: Hijazi

The investor protection would remain the prime objective of the regulator, said Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi. The regulator...

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Qatar to invest $22bn in Pakistan: report

Qatari Emir Sheikh Tamim bin Hamad Al-Thani will visit Pakistan on June 23 (Sunday), a private media house reported on Monday.According to details, Qatar...

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