Category: Business

ISLAMABAD: The government on Thursday offered another amnesty to powerful industrialists and opened up the LNG sector from much of the government control that it is currently permeated with. In addition, it has also been decided to cut the number of laws, regulations and approvals relating to the energy sector and offer better incentives to […]

KARACHI: As Prime Minister Imran Khan on Wednesday directed provincial authorities to do more to ensure price stability of all essential commodities, the Sindh millers on the same day hiked flour prices further by Rs2 per kg. This is the third consecutive price shock since Aug 15. The first price increase was made on Aug […]

The Executive Committee of the National Economic Council (Ecnec) on Thursday approved development projects worth Rs579 billion, which include improving water management, measures to increase agricultural production and revamping Karachi, among others. During a meeting, chaired by Adviser to the Prime Minister on Finance Dr Hafeez Shaikh, the committee agreed to allocate Rs125.184bn for the […]

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Wednesday reiterated that government will not back away from taxing trade, services as part of the move to broaden country’s narrow tax base. Zaidi seems in no mood to back down from the aggressive documentation drive launched by the FBR under his stewardship. He emphasised […]

Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying United States-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.15 per cent, Singapore shares hit eight-month lows, while Japan’s Nikkei shed […]

Tapping factories in Brazil and India has not lessened Apple Inc’s dependence on China, the company’s supply chain data shows, raising the stakes for the iPhone maker as United States President Donald Trump wages a trade war and promises more tariffs. Apple faces levies of 15 per cent imposed by Trump’s administration on major products […]

Huawei Technologies plans to forge ahead with the launch of new high-end smartphones in Europe even though it may not be able to offer Google’s official Android operating system and widely used apps such as Google Maps, company executives told Reuters. The world’s number two smartphone maker is set to unveil its new Mate 30 line […]

ISLAMABAD: Prime Minister Imran Khan has directed the authorities concerned in the federal capital and two provinces — Punjab and Khyber Pakhtunkhwa — to thrash out a plan to provide relief to the masses and ensure stability in prices of essential commodities. “Such a system should be devised that ensures no additional burden is put […]

ISLAMABAD: The first year of the Pakistan Tehreek-i-Insaf (PTI) government concluded with a record 8.9 per cent fiscal deficit — perhaps the highest in the country’s history — as revenues plummeted while expenditures remained at the same level they were at the previous year, when expressed as a percentage of GDP. In absolute terms, however, […]

KARACHI: Stocks remai­ned volatile on Tuesday with the KSE-100 index closing about flat with relatively minor gains of 64.25 points. Traders said that the investors, already at the edge of their nerves, went into panic-selling as the Privatisation Commission (PC) decided to divest government holdings in the Oil and Gas Development Company (OGDC), Pakistan Petroleum […]