‘Import of cheap RON fuel will retrograde motorcycle industry’
PAMA says govt's proposal to import cheap RON fuel will result in the rollback of all efforts and investments made to...
Abraaj founder released from custody after $19 million bail payment
Arif Naqvi will have to surrender his Pakistani passport, wear an electronic tag and remain under 24-hour curfew
LONDON:Â Arif Naqvi, the Pakistani...
China warns US not to politicise exchange rates
BEIJING:Â China warned the United States on Wednesday not to "politicise" the exchange rate of its currency amid a festering trade war between...
PSX gains over 1,000 points as market sentiment improves
KARACHI:Â Stocks staged a rally on Wednesday with the KSE-100 index benchmark gaining over 1,000 points intraday.
Positive sentiments prevailed at the exchange following...
Govt to present budget on June 11
'Budget aims to stabilise economy, manage external deficit by decreasing imports, reduce fiscal deficit through revenue mobilisation and expenditure control'
ISLAMABAD: Amid...
Govt likely to jack up petrol price by Rs9 before Eid: report
The government is likely to increase the prices of petroleum products by as much as Rs12 per litre from June 1st.
The Oil...
Govt mulling to introduce stringent anti-tobacco reforms
'There will be no place for merchants of death in Naya Pakistan'
ISLAMABAD:Â Prime Minister's Focal Person for Polio Eradication and Tobacco Control...
FBR formulating long-term strategy to expand tax net: Zaidi
Federal Board of Revenue Chairman Syed Shabbar Zaidi has said that the FBR is working on a long-term strategy to expand the...
Govt urged to discourage import of used cars
ISLAMABAD:Â Pakistan Automotive Manufacturers' Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have warned the government that any move...
US Dollar gains strength, reaches Rs151 in interbank market
The US dollar on Tuesday reached the Rs151 mark in the interbank market, with the rupee falling by Rs1.40.
In the open market,...
‘Asia-Pacific may not achieve a single sustainable development goal by 2030’
New UN report on SDG progress urges countries to redouble efforts
On its current trajectory, Asia and the Pacific will not achieve...
Govt urged to take action against smuggling of foreign currency
ISLAMABAD:Â A delegation of the foreign exchange dealers, led by Forex Association of Pakistan President Malik Bostan, called on Adviser to Prime Minister...
Huawei reviewing FedEx relationship, says packages ‘diverted’
HONG KONG: Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the US package delivery company,...
Bearish trend prevails as KSE-100 sheds 748 points
KARACHI:Â Stocks fell sharply on Tuesday with the KSE-100 index gliding below the 35,000 mark in intraday trade.
Indices started shedding gains right from...
Oil defies trade fears as prices rise on tight supply
LONDON: Oil prices rose on Tuesday, supported by tighter global supplies that have helped to offset persistent worries that demand will be...