Saudi Aramco IPO could strengthen govt finances, support economy

LONDON: Saudi Aramco's forthcoming listing on the local stock market could help strengthen the government’s net asset position, with the proceeds potentially raising the kingdom's...

Cement exports surge 16.48pc in four months FY20

LAHORE: Cement exports from the country grew by around 28pc to 798,000 tonnes in Oct 2019, as against 616,000 tonnes in the same month...

Dawood says must ‘appreciate’ good policies of previous govt

Adviser to Prime Minister on Commerce Abdul Razak Dawood has said that Pakistan’s improvement in the World Bank’s business reform report was made possible...

KSE-100 gains 4.46pc in week amid clarity on political, economic fronts

ISLAMABAD: Bullish sentiments ruled the Pakistan Stock Exchange (PSX) during the outgoing trading week, lifting the KSE-100 Index by 1,605.73 points or 4.46pc to 37,583.89...

US to extend licence allowing its companies to continue business with Huawei

WASHINGTON: The Trump administration is set to issue a two-week extension of a license allowing US companies to continue doing business with China’s Huawei...

Trade optimism, earnings power Wall Street to fresh record high

Wall Street's main indexes hit fresh record highs on Friday, led by gains in technology stocks as upbeat comments related to US-China trade talks...

After tower sharing agreement, Edotco and Zong partner for 4G coverage

Edotco Pakistan Private Limited (edotco Pakistan) on Friday signed a long-term agreement with Zong 4G to collaborate on multiple projects that would strengthen 4G...

Privatisation imperative for economic revival: PM

Prime Minister Imran Khan said on Friday that completion of the privatisation process on a fast-track basis would help increase the government's financial resources. Chairing...

‘Turkish investors keen to sign JVs with Pakistani counterparts’

ISLAMABAD: Ambassador of Turkey to Pakistan Ihsan Mustafa Yurdakul said on Friday that the cordial relations between Turkey and Pakistan should now be transformed...

Automakers around world await Trump tariff decision

WASHINGTON: Automakers around the world are awaiting a decision from US President Donald Trump on whether he will impose up to 25pc tariffs on...

CCoP approves sale of SME Bank, PIA properties

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday approved the sale of SME Bank as well as the properties of different state institutions,...

PLL floats tender for procurement of LNG cargo

ISLAMABAD: Pakistan LNG Limited (PLL) has floated a spot tender for the supply of one LNG cargo in February 2020 on a Delivered Ex-Ship (DES)...

FBR releases tutorial videos to facilitate filers

The Federal Board of Revenue (FBR) has facilitated the taxpayers by releasing tutorial videos on the filing of income tax returns. According to a statement...

Tough times over as economy stabilised, reiterates PM 

Prime Minister Imran Khan said on Friday the country's economic indicators have improved despite the difficulties that the Pakistan Tehreek-e-Insaf (PTI) government endured during...

Stocks extend rally, index closes 340 points higher

KARACHI: Keeping up with the growth momentum, the Pakistan Stock Exchange (PSX) ended the week on a positive note, as the indices marched forward...

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Rs100 billion worth of tax fraud discovered by FBR

KARACHI: The country's corporate sector has been found involved in at least Rs100 billion of tax evasion and avoidance during the last four months,...

Car sales drop 56pc in October

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