Non-compliant debit and credit cards will not be blocked: SBP

Instead of an official circular, SBP practically extends deadline for banks to convert magnetic stripe cards to EMV through a press release

UAE crown prince announces $200m for SMEs in Pakistan

ISLAMABAD: Abu Dhabi’s Crown Prince Sheikh Mohamed bin Zayed Al Nahyan, who visited Pakistan along with a high-level delegation on Thursday, directed the...

‘Cement industry to operate at only 78pc capacity’

Dec 2019 sees cement despatches grow by more than 10pc 

Oil firm as trade optimism, Mideast tensions support

LONDON: Oil rose on Thursday as signs of improving trade relations between Washington and Beijing which eased demand concerns and rising tensions in...

Govt to set up National Tax Council for harmonisation of GST 

ISLAMABAD: The government has decided to set up a National Tax Council (NTC) to ensure the harmonisation of General Sales Tax (GST)...

Asad Umar stresses need to develop indigenous mineral resources 

ISLAMABAD: Planning, Development & Special Initiatives Minister Asad Umar on Thursday chaired a meeting to review the works of Pakistan Mineral Development Corporation...

Etisalat submits proposal for settlement of PTCL dispute

Finance adviser asks relevant secretaries to come up with a final proposal by the end of this month

Bull run continues as KSE-100 surges over 1,000 points 

KARACHI: Bulls of the Pakistan Stock Exchange (PSX) continued with the positive momentum on Thursday, as the indices accumulated gains all-day long,...

Govt imposes severe penalties on smuggling gold, currency abroad

ISLAMABAD: In a bid to curb money laundering and to meet the conditions of the Financial Action Task Force (FATF), the government...

Transporters to observe nationwide strike today

The transporters have announced to hold a nationwide strike on Thursday (today) owing to toll taxes and other increased fines in the...

FATF pressure leads banks to educate customers on AML/CTF

One of the leading commercial banks in Pakistan, Habib Metropolitan Bank has recently been conducting customer awareness sessions on money laundering and...

Govt finally allows used car importers to pay partial duties in rupees

ISLAMABAD: The federal government has permitted importers of used cars to pay partial duties in Pakistani currency to release their vehicles stuck at...

December inflation clocks in at 12.63pc 

ISLAMABAD: Inflation rose to 12.63 per cent on a year-on-year basis in December 2019, as compared to the same month of last year,...

NEPRA notifies Rs1.56 per unit hike in power tariff

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified Rs1.56 per unit hike in power tariff, which would be charged from the...

Daraz to become entertainment platform in 2020

Ecommerce site Daraz recently announced that its mission was to establish itself as an entertainment platform in 2020. Daraz Express (DEX) – the...