GENEVA: The World Trade Organisation on Thursday sided with Washington in a dispute it filed three years ago over “unfair” Chinese subsidies to producers of wheat and rice. Back in 2016, the United States alleged that China doled out $100 billion in “market price support” for wheat and rice as well as corn production, above […]
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ISLAMABAD: As the lawmakers expressed serious concern over an unusual increase in fiscal deficit and a rare decline in revenue collection in the first half of the current fiscal year despite a major cut in development spending, the government on Wednesday disclosed plans to introduce research-based taxation for at least six sectors of high revenue […]
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ISLAMABAD: The government on Wednesday decided to allow partial revival of renewable energy projects blocked in March last year by the PML-N government subject to a revised tariff mechanism and greater decisive role to National Transmission and Despatch Company (NTDC) to provide interconnection facility. It also provided an opportunity to the Sindh government to provide […]
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ISLAMABAD: With increased rate of petroleum levy, the government is estimated to raise the prices of petroleum products by up to 10 per cent effective from March 1. A senior government official told Dawn that the Oil and Gas Regulatory Authority (Ogra) on Wednesday forwarded its calculations on petroleum prices to the government on the […]
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ISLAMABAD: The financial close of first-ever High Voltage Direct Current (HVDC) transmission line was signed here on Wednesday. The financial close of the 878km transmission line extending from Matiari to Lahore was signed in the presence of Power Minister Omar Ayub Khan and Chinese Deputy Chief of Mission in Pakistan, Lijian Zhao. The HVDC transmission […]
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KARACHI: The stock market took dramatic twists and turns on Wednesday guided by the hopes and apprehensions of escalation and de-escalation of hostilities with India. The KSE-100 index saw a loss of 128.98 points (0.33 per cent) to settle at 38,692.69. It started with brokers receiving flurry of sell orders as TV screens flashed with […]
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KARACHI: The Sindh cabinet has condemned the violation of Pakistani airspace by the Indian Air Force and appreciated the appropriate response by the Pakistani armed forces, which remain committed to defend the motherland along with the people. The cabinet expressed these views in a resolution, which was adopted in its meeting held here on Wednesday. […]
CLICK HERE TO READ MOREKARACHI: The dollar gained Rs1.50-1.80 against the rupee in the open market on Wednesday after Pakistan shot down two Indian fighter jets in Azad Jammu and Kashmir. The movement in the currency markets was an outcome of dollar shortage as buyers flocked to the market and sellers disappeared. The official rate for the greenback as […]
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KARACHI: Panic swept the trade floor on the stock market as news of Indian military jets crossing into Pakistan flashed on the news screens. As a result, the KSE-100 index dipped by 785.12 points to close at 38,821.67. The Inter-Services Public Relations confirmed early morning that Indian military jets had violated Pakistan’s airspace in the dead of […]
CLICK HERE TO READ MOREISLAMABAD: After opening lower, the Indian stock markets — Sensex and Nifty — extended losses on Tuesday, following violation of Line of Control by the Indian Air Force, Business Today of India reported. According to the report, the Sensex plunged nearly 500 points in opening deals and Nifty slipped below the 10,740 level. Most of the Bombay […]
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