IMF team briefed about forthcoming mini-budget via video link
The IMF was apprised by the Pakistani authorities that the government was considering taking additional taxation measures of Rs100 to Rs125 billion via proposed changes in the Finance Act 2018 and enactment of additional customs duty and raising regulatory duty on import of luxury items
Karachi University inks MoU with SECP to encourage financial literacy
KARACHI:Â The Securities and Exchange Commission of Pakistan (SECP) and Karachi University (KU) Business School have signed a Memorandum of Understanding (MoU) at...
Dollar drifts up as central bank troika eyed
The dollar rose 0.2 percent to 94.93, rising from a end-August low of 94.73 hit in the previous session
China welcomes U.S. invite for trade talks, Asian markets relieved
The Trump administration had invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including Chinese shares and the yuan currency
India and Pakistan have driven global sugar glut: Australia’s minister for trade
Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies
Turkey rules property sales, rental agreements must be in lira
The lira has lost some 40 percent of its value against the dollar so far this year over concerns about Erdogan's influence on monetary policy and a diplomatic spat between Turkey and the United States
PTC cautions its sales will be impacted, if govt restores two-tier tax system
According to the formal sector, the creation of the third-tier helped to dent illicit cigarette trade from 41.2 percent to 33.3 percent in a span of one year
Rupee dips to Rs125 against dollar in kerb market
If Pakistan agrees to obtain a bailout package from the IMF, the rupee would further plunge against the dollar and other major foreign currencies
Company fined Rs2 million for smuggling cell phones
ISLAMABAD: The Collector, Customs Intelligence has imposed a penalty of Rs2 million to the foreign cellular phone company in the case smuggling...
Pakistan yet to implement TIR convention signed in 2015
MoC, FBR, Communication still have conflicting rules for simplifying international road transport
ISLAMABAD: In spite of over three years delay, Pakistan has yet...
Oil prices climb as Iran sanctions loom; US looks to prevent supply shortfall
Washington is putting pressure on other countries to also cut Iran imports, with close allies like South Korea and Japan, but also India, showing signs of falling in line
United Brands subsidiary IBL Logistics gets contract from major beverage company
According to United Brands, this contract will allow its subsidiary IBL Logistics Private Limited to earn a revenue of Rs25 million per month
Qatargas agrees on 22-year LNG supply deal with China
The Qatari state-owned company will supply LNG from the Qatargas 2 project - a venture between Qatar Petroleum, Exxon Mobil Corp and Total - to receiving terminals across China, with the first cargo to be delivered this month
Indian bonds, rupee slump as emerging markets come under pressure
The Reserve Bank of India (RBI) and its peers in other emerging economies have been forced to defend their currencies recently in the wake of a confluence of dollar-supportive events
OGDCL makes oil & gas discovery at Chanda oilfield in Kohat
The block is operated by OGDC with 72 percent stake along with 17.5 percent and 10.5 percent stake of GHPL and ZPCL respectively