Tax filing system to be made simpler, understandable: Shabbar Zaidi
ISLAMABAD:Â Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi said on Thursday that one of the major objectives of the revenue board...
Car production dips 5.32pc in 11 months
ISLAMABAD: The production of cars and jeeps witnessed a decrease of 5.32pc during the first eleven months of the fiscal year 2018-19,...
FBR not to tax annual property rent income of up to Rs0.2m
The Federal Board of Revenue (FBR) has clarified the new taxation system for selling open plots and constructed properties under the Finance...
Amazon chief Bezos cashes in $1.8bn of share pile
Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his...
Shell blames lower energy prices for profit squeeze
LONDON:Â Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil and gas...
Consumer inflation increases 10.3pc in July
ISLAMABAD: Pakistan's Consumer Price Index (CPI)-based inflation rate accelerated to 10.3pc year-on-year in July, from 8.9pc a month earlier, driven by higher...
‘Around 2.5m applications for new connections pending with SNGPL’
SNGPL managing director says gap between demand and supply of natural gas is increasing due to depletion of existing hydrocarbon reserves
ISLAMABAD:Â The...
Vegetable exports rise 10.8pc in FY19
ISLAMABAD:Â The export of vegetable products from the country grew by 10.80pc during the financial year 2018-19, as compared to the corresponding period...
Stocks drop 99 points in range-bound trading
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) witnessed another range-bound trading session on Thursday, as the indices swung in both directions before...
BMW profits dented by electric vehicle investment costs
FRANKFURT: German high-end carmaker BMW on Thursday reported slumping second-quarter profits, with pricey investment in electric cars sapping the bottom line, but...
Chinese billionaire indicted in US for alleged $1.8bn aluminum tariff evasion
WASHINGTON/NEW YORK: A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded...
IFC to invest $2.5m to support tech startups in Pakistan
ISLAMABAD:Â The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first...
‘Govt committed to facilitating private sector development’
ISLAMABAD: Planning, Development & Reform Minister Makhdoom Khusro Bakhtiar has said that the incumbent government is committed to facilitating private sector development...
Asad Umar warns of peak inflation in next four months
Former finance minister Asad Umar said late Tuesday that according to his assessment inflation rates would peak in the next two to...
Huawei still number two smartphone seller despite US sanctions
Samsung's market share increases to 22pc, Huawei to 17pc and Apple 11pc
WASHINGTON:Â Huawei remained the number two global smartphone vendor in the...