Auto industry plunges into deep crisis

'An increase in advance customs duty on all raw materials and imposition of up to 7.5pc FED proving deadly for the auto sector' ...

Textile exports increase 3.12pc in July

ISLAMABAD: The textile exports from the country witnessed an increase of 3.12pc during the first month of the current financial year (July-FY20) as compared to...

SMEDA to set up 1,000 stitching units

SIALKOT: The Small and Medium Enterprises Development Authority (SMEDA) has decided to establish 1,000 stitching units in industrial cities of the country, including Karachi,...

Pharma Bureau off the hook

ISLAMABAD: The Competition Commission of Pakistan (CCP), while setting aside its show-cause notice issued to Pharma Bureau for prima facie cartelization, has warned that the...

POL production dips 8.3pc in FY19

ISLAMABAD: The overall production of petroleum commodities witnessed a decrease of 8.35pc during the fiscal year 2018-19, as compared to the corresponding period of 2017-18. The...

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...

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...

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...

Climate change could rain on Saudi Aramco’s IPO parade

LONDON: The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more...

Process to revive PSM on public-private partnership commences

ISLAMABAD: In order to revive Pakistan Steel Mills (PSM) through public-private partnership and make it a profitable organisation, the government has formally initiated the...

Business community hails PM’s decision to form CPEC Authority

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed Prime Minister Imran Khan's announcement regarding the establishment of the China Pakistan Economic Corridor...

Gold price falls by Rs1,000, reaches Rs88,000 per tola

ISLAMABAD: The price of 24-karat gold dropped by Rs1,000 and was traded at Rs88,000 per tola as compared to the last closing at Rs89,000,...

Bank Alfalah’s pre-tax profit surges 14pc in first half

The Board of Directors of Bank Alfalah Limited, in its meeting held recently in Abu Dhabi, approved the bank's unaudited interim financial statements for...

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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...