Category: Business

SLAMABAD: In a late night development on Tuesday, the Central Directorate of National Savings (CDNS) decreased profit rates on all national savings schemes. The new rates will be applicable to deposits and investments made with effect from Nov 1. Profit rate on Defence Saving Certificate was slashed by 2.33 percentage points to 10.68pc while rate […]

ISLAMABAD: Committing complete fencing of Afghan and Iran borders on priority to ensure peace and security, Pakistan on Tuesday asked China to finance $9 billion Main Railway Line (ML-1) and other road and infrastructure projects to expand the China-Pakistan Economic Corridor (CPEC). At the conclusion of ninth Joint Cooperation Committee (JCC) meeting of CPEC here, […]

LAHORE: The Punjab government has lifted ban on the supply of flour to Khyber Pakhtunkhwa (KP). A decision to the effect was taken by Chief Minister Usman Buzdar at a meeting, attended by food ministers and secretaries of both provinces, on Monday. Mr Buzdar said Punjab would fulfill flour needs of the KP and that […]

KARACHI: Pakistani tech startups have raked in millions of dollars from local and foreign investors as a number of deals were announced over the weekend. Around half a dozen startups disclosed their investment rounds at 021Disrupt, a major tech and entrepreneurship conference. This year marks the watershed moment for Pakistani startups, especially in terms of […]

ISLAMABAD: Pakistan and the visiting staff mission of the International Monetary Fund (IMF) on Monday started policy level talks for disbursement of second tranche of about $453 million early next month under the $6 billion Extended Fund Facility (EFF) finalised in May this year. A senior government official told Dawn that Secretary Finance Naveed Kamran Baloch and […]

KARACHI: Bulls went on a rampage on Monday tossing the KSE-100 index up by 899.85 points (2.62 per cent) so that it closed above the 35,000-level for the first time in four months, at 35,277.46. The frenzied buying by investors was fuelled by market-related reasons such as the continuing exuberance for cement shares on expectations […]

ISLAMABAD: In a major shakeup, the government has decided to restructure the entire tax machinery and introduce centralised collection of general sales tax (GST) on services and goods. The proposed measures were already approved by PM Imran Khan on Oct 3 with a restructuring plan to convert the incumbent Federal Board of Revenue (FBR) into […]

RAHIM YAR KHAN: The locusts in the desert areas could not be eliminated soon after the onset of attack due to use of expired pesticide (malathion) Ultra Low Volume (ULV) which was in the stock of the Directorate of Locusts Control (DLC), Islamabad, sources told Dawn. They said the efficacy of fresh pesticide would have […]

Aramco said on Sunday it will list on the Riyadh stock exchange in what could be the world’s largest initial public offering (IPO), underpinning Saudi Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy. After years of delays, Aramco finally fired the starting gun on the stock market debut, saying it was […]

ISLAMABAD: The Planning Commission has speeded up disbursement of funds for development projects as it authorised spending of Rs257.17 billion in the first four months of the current fiscal year — up almost 144pc against Rs106bn for the same period last year. According to data released by the commission on Sunday, it has authorised the […]