Imports reduced by $3.5bn in FY19, PM’s aide tells NA

'Prudent steps like imposition of regulatory duties and control of low-quality products will further reduce the volume of imports in the coming months'ISLAMABAD: Adviser...

Saudi says no immediate plan to boost oil output as Iran waivers end

RIYADH: Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude, energy minister...

Pakistan, South Korea sign framework arrangement worth $500m

Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in PakistanISLAMABAD: Adviser to Prime Minister on...

HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019

HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first quarter of...

Respite for PSX as index closes 100 points higher

KARACHI: The Pakistan Stock Exchange (PSX) changed its direction on Wednesday, as indices managed to recover losses from the preceding session. Foreign investors closed Tuesday’s...

Enhanced Indian duties hampering Pakistani exports, NA told

ISLAMABAD: Parliamentary Secretary for Commerce Shandana Gulzar Khan on Wednesday informed the National Assembly that Pakistan's exports to India had shrunk significantly following the imposition...

Govt urged to facilitate gemstone sector

Owing to the non-availability of a safe and guaranteed space, investors hesitate to invest in this sectorISLAMABAD: All Pakistan Commercial Exporters Association (APCEA), in...

‘Rs51bn recovered from power sector in four months’

ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...

Oil hits highest since November as US tightens Iran sanctions

LONDON: Oil prices hit their highest since November on Tuesday after Washington announced the end of all waivers on imports of sanctions-hit Iranian crude, pressuring...

Cement exports rise 33pc in nine months

The country's merchandise trade deficit plunged by 13.02pc during July-March 2018-19ISLAMABAD: The exports of cement from the country witnessed an increase of 32.81pc during...

FTA with China to help boost Pakistan’s textile exports: Dawood

'Pakistan will avail duty-free market share from China, equivalent to the share enjoyed by the Association of East Asian Nations'ISLAMABAD: Adviser to Prime Minister...

PSX continues to bleed, sheds 497 points

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Tuesday, as indices continued to bleed all day long. Foreign investors, on...

Twitter reports surprise quarterly user growth, revenue beats

NEW YORK: Twitter Inc on Tuesday posted better-than-expected first-quarter revenue and a surprise rise in the number of monthly active users, a sign that...

US sanctions over Iran oil will ‘intensify Mideast turmoil’: China

BEIJING: China warned on Tuesday that the US decision to impose sanctions on buyers of Iranian oil will "intensify turmoil" in the Middle East...

Proposed amnesty scheme to allow liquidation of foreign assets

ISLAMABAD: Foreign assets can be liquidated and repatriated to Pakistan if they are deposited into a bank account or invested in Pakistan Banao Certificate or...

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