China warns US move against Huawei could hurt trade talks
WASHINGTON/BEIJING: The Trump administration’s decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday...
Pakistani delegation submits implementation report to FATF-APG
The 10-member delegation informs APG about Pakistan's measures to stop terror financing and money laundering
The Pakistani delegation has presented its implementation...
Huawei’s $105bn business at stake after US broadside
Trump administration says it will add Huawei Technologies and 70 affiliates to its 'Entity List'
HONG KONG/BEIJING:Â The latest US broadside against Huawei...
Details of offshore drilling to be announced within a week: minister
'Team working at Kekra-1 well has received pressure signals'
Maritime Affairs Minister Ali Zaidi has said that the details regarding the discovery...
Salaried class to suffer as govt mulls reversing income tax slabs
Tax exemptions for individuals earning Rs400,000 to Rs1.2m per annum likely to be withdrawn
ISLAMABAD:Â In an effort to increase the tax revenue...
PSX ends 320 points lower as investors react to rupee devaluation
KARACHI:Â After ending the previous session with decent gains, the Pakistan Stock Exchange (PSX) was back in the grip of bears on Thursday.
The...
Rupee down by another Rs4.6 against dollar in interbank market, hits Rs147
Ibrahim Moosa for Mettis Global told Profit, "The Pakistani rupee is expected to depreciate against the US dollar further and the market expectation is at around Rs147-148."
BoI committed to developing four SEZs in six months: chairman
ISLAMABAD:Â Board of Investment (BoI) Chairman Haroon Sharif said on Wednesday that the investment board is committed to completing four special economic zones...
Authorities seize 9,000kg lemons from Peshawar warehouse
PESHAWAR: As many as 9,000 kilogrammes of lemons were recovered from a storage house in Peshawar’s Chamkanai area on Wednesday.
The district administration raided...
‘Govt striving to transform Pakistan into an investment-driven economy’
ISLAMABAD:Â The government is striving to shift the country's economy from a consumption-driven to an investment-driven economy, said Adviser to Prime Minister on...
ECC allows 150MW additional power supply to Karachi
Committee approves Rs1.8bn power subsidy for tribal districts
ISLAMABAD:Â The Economic Coordination Committee (ECC) on Wednesday allowed an additional supply of 150MW power...
Tractor manufacturers urge govt to abolish GST on imports
'There is no point in paying sales tax directly to govt in a given month and subsequently claim refund in the...
PSX breaks losing streak, closes 406 points higher
Following the completion of drilling process at Kekra-1, the oil and gas exploration sector gained 3.57pc in its cumulative market capitalisation
KARACHI:Â Putting...
Asia stocks bounce from three-and-a-half month lows as trade fears soften
U.S. crude inventories rose by 8.6 million barrels in the week to May 10 to 477.8 million, compared with analysts’ expectations for a decrease of 800,000 barrels.
Rupee stands it ground, appreciates 87 paisa against GBP
Within the open market, the Pakistani rupee was traded at 142.60/144 against the USD.