ICCI terms budget ‘burdensome’ for business community, common man

ISLAMABAD: The Islamabad Chamber of Commerce & Industry (ICCI) termed the first annual budget presented by the Pakistan Tehreek-e-Insaf government as "quite taxing and burdensome...

Iran scrambles to lift petrochemical sales as sanctions hammer oil

LONDON/DUBAI/SAO PAULO: Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales, Iranian and...

Govt to spend Rs1.8tr on public sector

CPEC takes centre stage as PTI eyes 'balanced development'  Centre allocates Rs912bn for provinces, sets 951bn aside for federal ministries, divisions  Rs155bn allocated...

PHMA rejects 17pc sales tax on export sectors

LAHORE: The Pakistan Hosiery Manufacturers Association (PHMA) on Tuesday rejected 17pc sales tax on the export industry of textile, leather, carpet, surgical and sports. The...

FPCCI for ‘strong industrial policy’ to encourage agro industries

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Acting President Noor Ahmed expressed serious concern over the missing targets of economic growth for...

‘New renewable energy policy to facilitate investors’

ISLAMABAD: Power Minister Omar Ayub Khan has said a new renewable energy policy would be introduced to provide a level and competitive field to investors...

IMC extends warranty period for Toyota vehicles

KARACHI: The Indus Motor Company (IMC) has announced that it has revised and extended its warranty policy for Toyota vehicles.The previous warranty for 50,000km or...

PFC demands industrial status for furniture sector

LAHORE: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq has urged the government to award furniture sector the status of an industry so that...

Chinese company to finally acquire K-Electric this year

'If no hiccup comes in the way, Shanghai Electric will take over K-Electric by Sept-Oct 2019'China’s Shanghai Electric Power (SEP) is expected to...

Iran says selling oil through ‘unconventional’ means

TEHRAN: Iran is keeping up oil sales through "unconventional" means to circumvent US sanctions, Oil Minister Bijan Namdar Zanganeh said in an interview published on...

Europe’s 5G to cost $62bn more if Chinese vendors banned: telcos

PARIS: A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in...

Facebook suspends app pre-installs on Huawei phones

New Huawei phones will no longer be able to have Facebook, WhatsApp and Instagram apps pre-installedSAN FRANCISCO: Facebook Inc is no longer allowing...

Govt urged not to impose new taxes on beverages

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) former president and Businessmen Group (BMG) Chairman Siraj Kassam Teli has requested the government not to impose...

Oil rises as Saudi Arabia signals OPEC deal extension

LONDON: Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers could extend their output...

Trump tariffs could sink Mexican peso to lowest point this year: analysts

Jesus Lopez, an analyst at the Banco Base, said it is difficult to envision a sustained appreciation of the currency because the country’s credit profile may continue to weaken.

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PM Imran says no to dollar at SCO

PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank  Says Organisation needs to advance goals of peaceful...

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