Category: Business

QUETTA: Balochistan’s Min­­i­ster for Public Health and Eng­i­neering Noor Mohammad Dummar on Sunday inaugurated a dam and Karez in the old Sanjavi area. Speaking on the occasion, Mr Dummar said that Balochistan had been facing an acute shortage of water since long. He said the people of the province were being forced to resort to […]

LVMH and US jewellers Tiffany announced on Monday a $16.2 billion tie-up that is the French luxury group’s biggest-ever acquisition and will bolster its presence in the United States. The deal comes after LVMH spent more than a month wooing Tiffany, the most iconic of US luxury brands known for its wedding rings and diamonds. […]

ISLAMABAD: The government has decided to bring all unregulated sectors of the national economy under an interim regulatory framework to address at the earliest outstanding reservations on money laundering and terror financing (ML and TF) of the international financial watchdog — Financial Action Task Force (FATF). The decision was taken by the National FATF Coordination […]

ISLAMABAD: The government launched first-of-its-kind trade facilitation programme “Authorised Economic Operator (AEO)” to reduce cost of doing business for industry and trade. The programme was chalked out in line with best international practices and the World Customs Organisation security standards, according to an official announcement issued on Friday. Under the said programme, the government will […]

ISLAMABAD: Trade ties between Pakistan and the United States are set to witness a new record this year as President Donald Trump and Prime Minister Imran Khan have reaffirmed commitment for a stronger relationship, the White House said on Friday. “The two leaders reaffirmed their commitment to strengthening the United States-Pakistan trade relationship, which is […]

ISLAMABAD: The auction of 24 oil and gas exploration blocks has been delayed for more than six months because the defence ministry has not issued a security clearance for the exercise, a senior government official told a parliamentary committee on Friday. Testifying before the Senate Standing Committee on Petroleum, the petroleum secretary, Asad Hayauddin, said […]

ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) output contracted for sixth month in a row with no sign of revival in the immediate future. The LSM index shrank by 5.63 per cent year-on-year in third month of 2019-20, the Pakistan Bureau of Statistics (PBS) reported on Friday. Meanwhile, during 3MFY20, big industry fell by 5.91pc. In 2018-19, […]

WASHINGTON: The United States has warned Pakistan that the China-Pakistan Economic Corridor (CPEC) would push the country deeper into an already stifling debt burden, foster corruption and repatriate jobs and profits to China. In a speech, described as “unusually specific” by the international media, the top US diplomat for South Asia warned on Thursday that […]

KARACHI: From profit-taking a day earlier, the stock market descended into panic selling on Thursday as the KSE-100 index lost a massive 936 points (2.46 per cent) and closed at 37,101. The market opened on a negative note and the index sank to intraday low of 1,004 points. Given the decline of 527 points a […]

Newly appointed Minister for Planning and Development Asad Umar on Friday said that the ongoing phase of the China-Pakistan Economic Corridor (CPEC) will bring about socioeconomic benefits for the welfare of the people. He was talking to Chinese Ambassador to Pakistan Yao Jing, who called on the minister in Islamabad today, according to a statement […]