SBP reserves fall $26m to 8.23bn
ISLAMABAD: The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $26 million to $8.238 billion, the data released by the...
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,...
Zong becomes first telco to conduct successful 5G trials in Pakistan
China Mobile Pakistan (CMPak), popularly known as Zong, has successfully conducted 5G trials in Pakistan, a press release issued by the company said.
With this,...
World Bank president to visit Pakistan in November
ISLAMABAD: World Bank Country Director Patchamuthu Illangovan on Thursday informed Adviser to Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh that WB President...
PM urges Chinese company to set up waste-to-energy plant in Pakistan
ISLAMABAD: Prime Minister Imran Khan has reiterated his commitment to providing all possible facilities to the investors in undertaking profitable business ventures in Pakistan.
Talking to...
Bulls continue to rule PSX; index gains another 911 points
KARACHI: The Pakistan Stock Exchange (PSX) managed to attract investors once again on Thursday after three consecutive positive sessions.
The indices witnessed a good start to...
‘Govt committed to reducing business regulations’
ISLAMABAD: World Bank Country (Pakistan) Director Patchamuthu Illangovan called on Adviser to Prime Minister on Commerce Abdul Razak Dawood to deliberate on issues pertaining...
‘Govt committed to reducing business regulations’
ISLAMABAD: World Bank Country (Pakistan) Director Patchamuthu Illangovan called on Adviser to Prime Minister on Commerce Abdul Razak Dawood to deliberate on issues pertaining...
Bank AL Habib declares pre-tax profit of Rs8.55bn
The Board of Directors of Bank AL Habib Limited announced the financial results for the half-year ended June 30, 2019. The bank reported a...
IPO-Pakistan vows ‘relentless drive’ against counterfeiting, piracy
ISLAMABAD: In a drive against counterfeiting and piracy, Intellectual Property Organization (IPO-Pakistan), in collaboration with the law enforcement agencies, would act against those involved in...
IHC directs telcos to submit Rs36bn for licence renewal
ISLAMABAD: The Islamabad High Court (IHC) on Wednesday directed two mobile companies, Mobilink and Telenor, to submit Rs36 billion ($224 million) each within two weeks...
Govt to operationalise special economic zones soon
ISLAMABAD: The federal government, in coordination with the provinces, would soon operationalise special economic zones and export processing zones across the country to attract foreign...
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...
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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...
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India proposes ban on e-cigarettes, with jail terms for offenders
NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...
