Pakistan to buy more Malaysian palm oil after India’s withdrawal

KUALA LUMPUR: Pakistan will buy more palm oil from Malaysia, Prime Minister Imran Khan said on Tuesday, to try and compensate after top...

Oil rebounds on potential for further OPEC+ supply cuts

LONDON: Oil prices clawed background on Tuesday on hopes for additional production cuts from OPEC and its allies to offset any potential demand...

Pakistan’s deficit under microscope as IMF review begins

ISLAMABAD: Pakistan will come under pressure to convince the International Monetary Fund (IMF) it can bring down a ballooning fiscal deficit, as...

Govt exempts export-oriented units from regulatory duty

--ECC again defers decision to hike gas price, directs Petroleum Division to come up with a better alternative --Committee approves creation of digital...

UK regional productivity gaps as wide as in 1901, no easy fix seen

BIRMINGHAM: Gaps in economic productivity between London and other regions of the United Kingdom are as wide as they were in 1901...

CCoP allows open bidding for 27 state properties

ISLAMABAD: Almost a year after the federal cabinet's decision to sell "unproductive properties", the Cabinet Committee on Privatisation (CCoP) has allowed open...

Bulls stage comeback as KSE-100 gains 474 points

KARACHI: After yesterday's brutal sell-off, trading session at the Pakistan Stock Exchange (PSX) began on a buoyant note on Tuesday, with the...

Textile policy likely to be approved on 15th

'Approval got delayed owing to PM's focus on sugar, wheat crises'
Tax evasion

Excise dept reports more than 50pc shortfall due to property tax evasion

LAHORE: Despite huge evasions in property taxes, Punjab’s Excise, Taxation, and Narcotics Control Department (ET&NC) has collected almost Rs6.24 billion in property taxes...

‘Operational challenges’: Qatar Airways suspends flights to China

Qatar Airways has taken the decision to suspend flights to mainland China from Monday (3 February) until further notice due to significant...

IMF concerned over expected change of face in FBR

--Officials say 'change in FBR admin may further reduce revenue collection' --IMF delegates not happy with delay in appointments of financial advisers for...

Finance ministry seeks to calm inflation fears

'Change of weather and better supply of vegetables should decrease price pressure'

FFC reduces urea price by Rs300 per bag

Fauji Fertiliser Company (FFC) has reduced its urea price by Rs300 per bag, effective from 28 January 2020. "The benefit of cut in...

Cotton arrival shows 20pc decline

LAHORE: As many as 8.487 million cotton bales reached the ginning industries across the country from Jan 15 till February 1, as...

Record inflation takes toll on stock market; KSE-100 plunges 1,221 points

KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed blood bath on the first trading session of the week, as the indices...