Market reacts positively as Hafeez Sheikh takes charge of finance ministry
'IMF will be more comfortable in discussing the next loan programme with Hafeez Sheikh'
'The new advisor has made it clear...
Business community demands aggressive crackdown against dollar mafia
'SBP should devise guidelines for local currency dealers so that only genuine buyers can buy dollars from the open market'
ISLAMABAD:Â The business...
Rupee second worst performing currency in the world
KARACHI: The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into...
1,038 tonnes of Indian cotton yarn reaches Pakistan via Oman
LAHORE:Â Despite Pakistan's decision to ban bilateral trade ties with India on August 10 last year, around 1,038 tonnes of Indian cotton yarn...
‘Thailand wants more imports from Pakistan’
KARACHI: Consul General (CG) of Royal Thai Consulate in Karachi Thatree Chauvachata has that his country is keen to increase the volume...
After Honda, Toyota to halt production in Pakistan
After the decision of Honda Atlas Cars Pakistan (HACP) to shut down its plant for 10 days, Indus Motor Company (IMC), which...
Record-breaking year expected for Pakistan’s rice exports; is that a good thing?
Rice exports are set to break the previous records due to a bumper crop and ban on rice exports by India, but it might not be as good as it sounds
SECP warns public again against 3A Alliance Pvt Ltd
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) rebuffed a news item, which said that the registration of 3A Alliance (Pvt) Limited...
Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General...
Suspension of bilateral trade to hurt India more
ISLAMABAD:Â Pakistan's decision to suspend bilateral trade with India is likely to cost New Delhi around $1.891 billion per year.
According to sources in...
Export potential of Pakistani mango pulp stands at $500m in world market
LAHORE:Â The fruit pulp industry has urged the government to encourage the mango growers and exporters to go for conversion of mango fruit...
CCP imposes Rs5m penalty on Lahore-based café
'The café was fraudulently using the official logo of int'l coffeehouse chain, Starbucks'
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of...
Exchange rate under pressure, amid rising dollar demand
LAHORE: The rupee further devalued against the dollar on Tuesday, amid rising demand for the greenback and tight interbank regulations by the...
China to invest $1.3tr in BRI states by 2027
'China has entered into an era of geo-economic relationship with Pakistan and it plans to boost two-way trade from $12bn to...
Vintage cars exempt from import tax, to be taxed at $5,000 flat
Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.