PM says COAS met businessmen ‘after his permission’

Prime Minister Imran Khan has said that Chief of Army Staff Qamar Javed Bajwa had met the businessmen after his permission. Speaking to...

As PM hails economic team, large-scale manufacturing continues to shrink

ISLAMABAD: Contrary to Prime Minister Imran Khan's claims that his "economic team has turned around the national economy", the large-scale manufacturing (LSM) in...

‘Govt’s reforms to strengthen economy, boost investors’ confidence’

ISLAMABAD: Planning, Development & Reform Minister for Makhdoom Khusro Bakhtiar has said that the incumbent government's recent reform measures will strengthen the...

FBR proposes imposition of turnover tax in SEZs 

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the imposition of a turnover tax on those investing in Special Economic Zones (SEZs),...

Engro suggests radical reforms to make fertiliser subsidy equitable

LAHORE: Engro Fertilizers has urged the government to focus on creating a smart, pointed subsidy system for fertilisers that would benefit agriculturists...

Stocks extend rally, KSE-100 ends 247 points higher

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed a positive trading session on Wednesday, as indices remained in the green zone...

Moody’s finds telco regulations in Pakistan politicised, unpredictable

The Investor Service of Moody's Corporation – a financial services company – in its latest report about telcos said that regulations in...

Huawei launches foldable phone in China

SHENZHEN: Huawei Technologies Co Ltd started taking orders on Wednesday in China for its eagerly awaited foldable smartphone, as it ramps up...

EU urges Pakistan to produce competitive products

Ambassador of the European Union to Pakistan Androulla Kaminara has said that the EU and Pakistan could launch joint ventures in various...

Govt mulls reducing sales tax from 17pc to 12pc, Senate body told

ISLAMABAD: A Federal Board of Revenue (FBR) official on Tuesday informed the Senate's Standing Committee on Commerce and Industry that the government...

China will keep door open to foreign investment despite trade tensions

BEIJING: China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade...

Shell Pakistan posts Rs570m profit for Q3 2019

The Board of Directors of Shell Pakistan Limited announced the third-quarter results of the company on Tuesday. The company posted a profit after...

Some 300,000 employees of Indian state-led banks strike against mergers

MUMBAI: Nearly 300,000 employees of Indian state-run banks went on strike on Tuesday against government plans to consolidate the sector through mergers...

Oil prices rise on prospects for US-China trade deal

LONDON: Oil prices rose on Tuesday after China signalled progress in trade talks with the United States, but gains were capped by bearish...

Uber turns to India, Africa and Middle East as losses mount

NEW DELHI: The head of Uber said Tuesday that the global ride services firm was counting on India, Africa and the Middle East...