Category: Business

KARACHI: Commercial production of three Nissan models will begin in the second half of 2020. “We will begin with the assembly of a 1,200cc Datsun Cross in July 2020 and then roll out the 1,200cc Datsun Go (five seater) and Datsun Go Plus (seven seater) in the next two to three months,” Ghandhara Nissan Ltd […]

ISLAMABAD: A Senate committee on Thursday asked the federal and provincial governments to put an end to the practice of distributing divisible pool resources on the basis of population and attach more importance to the development of less developed areas. The meeting of the Senate Standing Committee on Less Developed Areas presided over by Senator […]

DERA MURAD JAMALI: Provincial Minister for Agriculture Engineer Zamrak Khan Piralizai on Thursday assured members of the market committee Sibi that the issues being faced by farmers would be resolved on a priority basis. “Sibi division has a significant importance regarding agricultural development and the government is helping in research,” he said during a visit […]

India’s central bank cut interest rates on Thursday, giving a surprise boost to Prime Minister Narendra Modi ahead of general elections due this year. The cut in borrowing costs in Asia’s third-biggest economy comes as the economy stutters and other central banks, most notably the Federal Reserve, have sounded increasingly cautious about the global outlook. […]

KARACHI: The State Bank of Pakistan’s (SBP) total liquid foreign exchange reserves increased to $8.192 billion as of Feb 1, up by $38.2 million, according to latest data released by the central bank. The bank, however, did not detail the reason for the increase in total reserves. Moreover, the reserves with the commercial banks also […]

LONDON: The Bank of England on Thursday slashed its forecast for UK growth this year to 1.2 per cent from 1.7pc, blaming the downgrade on a global economic slowdown and “the fog of Brexit”. “UK economic growth slowed in late 2018 and appears to have weakened further in early 2019,” the BoE said after keeping […]

LONDON: The risk Britain will crash out of the EU without an agreement is low but rising, according to banks and asset managers who also see a growing likelihood of Brexit being delayed. With less than two months until Britain is due by law to leave the EU, lawmakers voted on Jan 29 to demand […]

SIALKOT: The trend of tunnel farming is growing among farmers of Bajwat sector near the border. Naveed Ashraf Gondal, a progressive farmer, said 15 local farmers had established their tunnel farms growing seasonal and non-seasonal crops, including water melon, strawberry, different vegetables like ladyfinger, pumpkin, green chilies, tomatoes. Gondal said the farmers had established the […]

FAISALABAD: Railways Minister Sheikh Rashid Ahmed asked the media to refrain from supporting former president Asif Ali Zardari’s stance regarding toppling the government as the PPP co-chairman was a “thief”. Talking to reporters and businessmen here on Tuesday, the minister insisted he would not take back his words against PPP Chairman Bilawal Bhutto Zardari. He […]

ISLAMABAD: The Federal Board of Revenue (FBR) has asked registered persons to integrate all their outlets with tax machinery’s online system for availing reduced rate of sales tax on transactions of textile and leather articles. An official statement issued here said that this integration has to be completed by Mar 3 by downloading the software […]