FBR forms cell to ensure timely completion of FATF action plan
ISLAMABAD:Â The Federal Board of Revenue (FBR) has constituted a Financial Action Task Force (FATF) cell to ensure effective and timely completion of...
Samsung’s delayed Galaxy Fold now ready for Sept launch
SEOUL: Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch...
FBR refutes media reports regarding exorbitant WHT on rickshaws, bikes
The Federal Board of Revenue (FBR) on Thursday strongly refuted reports that the government has imposed withholding taxes (WHT) to the tune...
Japan to provide Rs478m grant for human resource development in Pakistan
Under the grant programme, Japan will offer scholarships for master and doctoral degrees to the young and capable govt officials
ISLAMABAD:Â Economic Affairs...
India’s auto parts makers warn of 1 million job cuts if slowdown continues
NEW DELHI: India's auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the...
Total plans $5bn in asset sales as second-quarter profit falls
PARIS: French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as...
Stocks stay flat in range-bound trading
KARACHI:Â The Pakistan Stock Exchange (PSX) ended flat on Thursday amid a range-bound and volatile trading session.
Continuing with the buying trend, foreign investors...
OGDCL discovers oil and gas reservoir in Sindh
The Oil and Gas Development Company Limited (OGDCL) has revealed the discovery of oil and gas reservoir in district Sanghar, Sindh.
According to...
Facebook to pay record $5bn US fine over privacy violations
WASHINGTON:Â Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media...
Telenor Microfinance Bank appoints Mudassar Aqil as CEO
The Board of Directors (BOD) of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank's new chief executive officer. He...
Chinese company to invest $20m in Pakistan’s services sector
Timesaco will launch a taxi service 'Buraq', delivery service 'Fema' and freight service 'Cargo+'
ISLAMABAD:Â Chinese investors have worked out a comprehensive business...
Mobile phone imports dip 11pc to $755.5m
ISLAMABAD:Â The imports of mobile phones into the country decreased by 10.87pc during the Financial Year 2018-19, as compared to the corresponding period...
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings...
US, China to hold trade talks early next week
WASHINGTON:Â US negotiators will visit China early next week for trade negotiations, US Treasury Secretary Steven Mnuchin told CNBC in an interview on...
Bears return as KSE-100 drops 314 points
KARACHI:Â After posting gains for two consecutive sessions, the Pakistan Stock Exchange (PSX) once again went under the control of bears, as the...