IMF to Trump: It’s not working

WASHINGTON: US tariffs on China won't fix the trade deficit, and neither will weakening the US dollar through interest rate cuts, International Monetary Fund economists...

HBL becomes first bank to offer credit cards through mobile app

HBL has now become the first bank in Pakistan to offer credit cards through its mobile app. According to details shared by the bank, the...

Agri credit outreach grows 8pc to 4m farmers

ISLAMABAD: The agricultural credit outreach in the country during the financial year 2018-19 (FY19) recorded a growth of about 8pc, as 4.01 million farmers...

Current account deficit shrinks 73pc in July

Following the government's agreement with the International Monetary Fund (IMF) on implementing tough measures for a bailout of $6 billion, Pakistan's current account deficit...

Govt decides to probe appointment of Neelum-Jhelum project CFO

ISLAMABAD: The Ministry of Water & Power has decided to initiate an internal inquiry to examine the facts regarding the award of an illegal contract...

Alibaba postpones up to $15bn Hong Kong listing amid protests

HONG KONG/NEW YORK: China's biggest e-commerce company Alibaba Group Holding Ltd has delayed it’s up to $15 billion listing in Hong Kong amid growing...

Water pollution can reduce economic growth by a third: WB

WASHINGTON: Heavily polluted water is reducing economic growth by up to a third in some countries, a World Bank report said, calling for action to...

Stocks extend gains with 553-point rally

KARACHI: The Pakistan Stock Exchange (PSX) carried forward its positive momentum for the third successive session, ending the day in the green zone again. The indices...

Tractor production falls 30.5pc in one year

The production of tractors in the country during the last fiscal year (FY19) dropped by 30.59pc as compared the production in the corresponding period...

APG adopts Pakistan’s 3rd Mutual Evaluation Report

ISLAMABAD: The six-day 22nd annual meeting of the Asia-Pacific Group on Money Laundering is being held in Canberra, Australia. A senior-level delegation from Pakistan, headed...

Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...

RCCI to hold ‘gems & jewellery exhibition’ on 23rd

RAWALPINDI: Rawalpindi Chamber of Commerce and Industry President Malik Shahid Saleem said on Tuesday that the chamber would organise a three-day 'gems and jewellery...

PR retrieves 383 acres of land in one year

ISLAMABAD: Pakistan Railways has retrieved around 383 acres of land worth Rs30 billion through various anti-encroachment operations during the last fiscal year (FY19). PR recovered 38km...

Tax evasion notices issued to 6,324 schools, tuition centres in Karachi

The Federal Board of Revenue (FBR) on Tuesday served notices to 6,324 private schools and tuition centres in Karachi for failing to pay their...

FBR envisions expanding sales tax net to 400,000 people in three years

ISLAMABAD: The Federal Board of Revenue (FBR) has set a target to increase sales tax base up to 400,000 people in the next three years...

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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...

PIA hikes UAE fares

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FBR seeks Pakistanis’ Iqama details from UAE

Tax authorities have sought details from the United Arab Emirates (UAE) of Pakistanis who have obtained Iqama (work permit) from the Arab country in...