U.S. to slap tariffs on extra $200 billion of Chinese imports
Last week, Washington imposed 25 percent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. exports to China
Hi-Tech Alloy Wheels Ltd set to get listed on PSX
Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles
Asian currencies hobbled by absence of catalysts, lingering trade worries
The dollar’s index against a basket of six major currencies hovered around June’s lows, up just a touch on the day at 94.181, mainly capped by disappointing wages growth in an otherwise solid U.S. payrolls report on Friday
Do not blame OPEC, oil producer group says of Trump criticism
Global oil prices have climbed steadily this year, helped by rising demand, and topped $80 per barrel in May for the first time in 3-1/2 years
Asia shares rise for a third day, pound bewildered by politics
Japan’s Nikkei climbed about 1 percent and South Korea 0.5 percent, while E-mini futures for the S&P 500 firmed 0.2 percent
$300 million tax retrieved under amnesty scheme till now: Bajwa
The credit to the farming sector witnessed a 37 percent rise, reaching Rs964 billion and a considerable increase in credit to small industries was observed, said Bajwa
Oil prices climb over escalating worries of supply shortages
Brent crude had added 32 cents, or 0.4 percent, to $78.39 per barrel by around 0303 GMT, following a 1.2-percent climb on Monday
Lawai to remain as PSX chairman: Report
Mr Lawai was taken into custody on Saturday by the Federal Investigation Agency (FIA) over a money laundering case of Rs35 billion
Affluent people seek declaration of foreign assets at 2 percent tax
By end of last month, over $6 billion of overseas assets had been declared by Pakistani nationals on which they paid $290 million in taxes and the amnesty scheme has been extended to the 31st of July earlier this month
APTMA laments duty on cotton imports, urges govt to help increase exports
KARACHI: The All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman, Zahid Mazhar, while commenting on the issuance of SRO 847(I)/2018 dated...
Market Daily: KSE 100 index drowns in a sea of red with a 1,000-point plunge
By mid-day, the fall was already above 1,000 points – the second such in successive weeks thus far.
BP in lead to acquire BHP’s U.S. onshore shale assets: sources
The acreage for sale includes holdings that BHP acquired in its $12-billion takeover of Petrohawk Energy in 2011, which have declined rapidly in value as the price of natural gas has fallen from $4.50 at the time of the deal to a low of $1.60 last year
SBP notifies stricter rules for inland foreign currency and PKR movement
To ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
FBR again misses the mark, revenue collection falls short by Rs90 billion
Due to missing the revised revenue collection target of Rs3.935 trillion, the budget deficit could likely surpass 7 percent, although the final figure for FY18 is yet to be finalized
Cotton research station to be set up at Rajanpur
Secretary Agriculture Punjab Wasif Khursheed said Friday that a cotton research station would soon be established in Rajanpur district to improve cotton crop quality and increase per acre production.