FBR cuts first-quarter revenue target by Rs41bn
The Federal Board of Revenue (FBR) has realigned its quarterly revenue collection targets with the benchmarks set by the International Monetary Fund...
No plan to privatise Telephone Industries of Pakistan: minister
ISLAMABAD:Â The government appears to have decided not to privatise Telephone Industries of Pakistan (TIP), which has been financially closed since 2006.
Instead, IT...
KSE-100 extends bearish run, sheds 131 points
KARACHI:Â Downward trend continued at the Pakistan Stock Exchange (PSX) on Thursday, as lower risk appetite kept a tight lid on northbound moves.
Foreign...
Huawei already producing 5G base stations without US parts: CEO
HONG KONG: Huawei Technologies Co Ltd's founder and CEO Ren Zhengfei said on Thursday the company is already producing 5G base stations...
EBay CEO Devin Wenig steps down, cites differences with board
EBay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company’s recently revamped board, which is looking...
Oil falls 2pc on surprise US crude build, Trump’s China trade comments
NEW YORK: Oil prices dropped about 2pc on Wednesday, logging a second straight day of losses after US crude inventories unexpectedly rose...
Senate panel calls for early establishment of CPEC Authority
Senator Sherry Rehman says rules and regulations for CPEC Authority must be acceptable to all political parties
Senator Usman Kakar accuses...
World Bank’s Georgieva to be first IMF chief from emerging economy
NEW YORK/SOFIA: Bulgarian economist Kristalina Georgieva is expected to be confirmed as managing director of the International Monetary Fund, which would make...
Aviation Division flying on its own amid absence of top officials
ISLAMABAD:Â Affairs of the Aviation Division are in disarray owing to absence of the top officials, it was learnt on Wednesday.
Official sources, on...
PSO declares Rs10.6bn profit after tax
Pakistan State Oil (PSO), the leading oil marketing company of the country, convened its Board of Management (BoM) at its headquarters in...
ADB projects Pakistan’s GDP growth at 2.8pc, inflation at 12pc for FY20
ISLAMABAD:Â Signalling that Pakistan's economy is showing signs of recovery owing to the government's fiscal consolidation and austerity measures, the Asia Development Bank...
NBP briefs WB team on Pakistan’s financial sector dynamics
ISLAMABAD: A technical team of the World Bank visited the National Bank of Pakistan’s head office to discuss the dynamics of Pakistan’s financial...
CDWP approves five projects worth Rs11bn
ISLAMABAD:Â The Central Development Working Party (CDWP) on Wednesday approved five projects worth Rs11 billion and recommended two projects worth Rs25 billion to...
Bears return as KSE-100 drops 264 points
KARACHI:Â Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Wednesday, as the indices headed south as soon as the session commenced. Foreign...
Footwear exports surge 15.7pc in two months FY20
ISLAMABAD: The footwear exports from the country witnessed an increase of 15.75pc during the first two months of the current financial year...