Category: Business

WASHINGTON: After nearly two years of conflict between the world’s two dominant economic powers, the United States and China signed a trade truce on Wednesday, letting businesses around the globe breathe a sigh of relief. US President Donald Trump, who currently faces an impeachment trial and then a tough reelection bid later this year, called […]

KARACHI: After enduring a Rs5 per kg hike on various flour varieties, consumers on Wednesday witnessed another price shock of Rs30 per kg/litre in ghee and cooking oil. The claims made by Sindh Food Minister Hari Ram Kishori Lal, wholesalers and the Karachi commissioner in the last one month over possible drop in wholesale and […]

ISLAMABAD: The Ministry of Commerce has asked all the stakeholders to share their concerns with possible remedies for consideration in the National e-Commerce Council for effective implementation of the e-commerce policy. The offer came from Commerce Adviser Abdul Razak Dawood at the conclusion of two-day consultative meeting on e-commerce on Tuesday. According to an official […]

Amazon tycoon Jeff Bezos promised on Wednesday a new billion-dollar investment in India, just two days after authorities launched an anti-trust investigation into the e-commerce giant. A three-day visit by Bezos, whose worth has been estimated at more than $110 billion, sparked protests in New Delhi and other cities by traders who accuse Amazon and […]

Telecom company Zong 4G has introduced unlimited calls to China under its China-Pakistan Economic Corridor (CPEC) initiatives, a press release issued by the company said on Tuesday. The company said it has launched two call bundles in order to make international direct dialling to China more convenient. The bundles introduced by China Mobile Pakistan (CMPak, […]

KARACHI: The stock market remained in search of direction for the second day in the absence of positive triggers. Short-term investors booked profit, reducing their intraday positions. The KSE-100 index closed on a flattish note, giving away all the 11.63 points (0.03 per cent) secured the previous day and settle at 43,207.04. Traders said that […]

KARACHI: In its latest survey, Ipsos, a Paris-based market research and consulting firm, showed that the respondents think the country is moving in the wrong direction as consumers fear the economy is likely to become weaker in the next six months. The respondents feel that inflation, job insecurity and additional taxes are the top three […]

ISLAMABAD: Despite reservations by small and medium brokers, the Securities and Exchange Commission of Pakistan (SECP) on Monday introduced new brokers regime. Under the proposed setup, brokers have been divided in three categories, starting with “Trading only” for those with minimum net worth of Rs15 million. Category II is for brokers with “Trading and Self […]

KARACHI: There is a need to shift from an inward-oriented to an outward-oriented economy that puts greater emphasis on exports to achieve high and sustained growth, said State Bank of Pakistan (SBP) Governor Reza Baqir while speaking at ‘Firms and Growth’ seminar on Monday. He said that one-fourth of the emerging economies have grown at […]

ISLAMABAD: Following the lacklustre growth in exports during the first six months of the current fiscal year, Prime Minister Imran Khan on Monday directed the Commerce Division to set targets for enhancing exports in the next six months and determine the roles of various departments to assess their performance. The premier further ordered that these […]