Category: Business

ISLAMABAD: The government is expecting to raise up to Rs700 billion next month through domestic Ijara Sukuk to support its budgetary position and deepen the Islamic banking industry. A senior government official told Dawn that the Ministry of Finance would give a detailed presentation to the coming meeting of the federal cabinet about the country’s debt profile […]

KARACHI: Sindh Minister for Food Hari Ram Kishori Lal has hinted at drop in wheat flour price by Rs3 per kg to Rs43 a kilo within a week in the wake of Sindh Food Department’s signing a memorandum of understanding (MoU) with Pakistan Agricultural Storage and Services Corporation (Passco) for the procurement of 300,000 tonnes […]

KARACHI: An Iranian trade delegation, led by former attaché Morad Nemati, while visiting the Karachi Chamber of Commerce and Industry (KCCI) on Saturday, said that it was essential to remove trade barriers and reduce custom duties to improve trade relations between the two neighbours. They also called upon establishing legal channels to encourage legal trade […]

The deadline for filing your tax returns is just around the corner, and if you have been delaying it since August, it’s a good idea to finally get to the task. I get it, the entire process is anxiety inducing with all those legal terms you have no idea about. How about I suggest something […]

China’s government says it will postpone planned punitive tariffs on United States-made automobiles and other goods following an interim trade deal with Washington. Sunday’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed. China hopes to work with […]

KARACHI: The Financial Action Task Force (FATF) and the International Monetary Fund (IMF) have praised Pakistan for making key progress against money laundering which is crucial for the country as it seeks to come out of the grey list, said the State Bank Governor Reza Baqir. Addressing the second edition of Financial Crime Summit in […]

WASHINGTON: The United States and China announced a major thaw in their trade war on Friday, including immediate cuts to punishing import tariffs, but a lack of detail in the partial deal left markets cautious. “We have agreed to a very large Phase One Deal with China,” President Donald Trump tweeted after officials in Beijing […]

KARACHI: Bulls were not only back with a vengeance but their ferocity took investors by surprise as they tossed the KSE-100 index over the 41,000-level initially before settling at 40,916.69 post second session with gains of 402.42 points (0.99 per cent). As the market opened, excited investors jostled for energy stocks with two major scrips […]

RIYADH: Saudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the state-owned oil firm’s value. Aramco’s initial public offering (IPO) is the centrepiece of the Saudi crown prince’s vision for diversifying […]

ISLAMABAD: The government on Friday signed $407 million loan agreement with the World Bank for the construction of a 48-km long-road project — Khyber Pass Economic Corridor (KPEC) — from Peshawar to Torkham. The agreement was signed between Economic Affairs Division (EAD) Secretary Dr Syed Pervaiz Abbas and WB’s Country Director Patchamuthu Illangovan. Earlier, the […]