Business

ISLAMABAD: The parliamentary leaders of Pakistan Tehreek-e-Insaf (PTI) led ruling coalition will meet on Tuesday (today) to set a strategy for passage of the federal budget for Fiscal Year 2019-20 from the Parliament.The opposition, which has bluntly opposed the budget proposals of the government, also holding consultations over the All Parties…

The Business ReportKARACHI: The value of gold in Pakistan has hit a record high, as the per tola price of the yellow metal reached 78,350 on Monday after an…

KARACHI: Stocks bled on the first trading session of the week, as the KSE-100 index benchmark nosedived over 653 points intraday amid low market turnover.…

By Our Special CorrespondentLAHORE: President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Eng Daroo Khan Achakzai Monday announced that despite some reservations in budget, Prime Minister Imran Khan will get full support from business community in a vigorous crackdown against tax evaders for widening tax base besides…

Pakistani mangoes have hit the UAE markets with the first shipment arriving in Dubai.According to sources, the first shipment in Dubai’s Al Aweer Fruit…

Federal Board of Revenue has announced that the automated system for sales tax registration will be effective from July 1st 2019.Here are the details of the…

Washington:New US sanctions imposed on Iran on Monday target Supreme Leader Ayatollah Ali Khamenei and senior military leaders of the Islamic republic. President Donald Trump slapped the sanctions on Tehran for what he described as its "aggressive behavior" including the shooting down of US drone. The White House said the sanctions "will deny…

Tehran:US President Donald Trump was right to say US forces have "no business" in the Gulf, Iran's foreign minister said Monday after Trump told other countries…

MIRPUR :The post-budget debate on history's largest new fiscal year AJK budget continued in the state legislative assembly which met in the state's capital town…

Jahangir HayatLAHORE: The Federal Board of Revenue (FBR) Monday announced to take off the person registered through automated system for sales tax registration from Active Taxpayer List with in fifteen days if they fail to provide correct and genuine documents.Federal Board of Revenue has announced that the automated system for sales tax…

Our Special CorrespondentLAHORE: After successfully marketing small tractors in Khyber Pakhtunkhwa, SHIFENG, a leading Chinese agricultural machinery and…

ISLAMABAD: Qatar is making three billion dollars’ new investments in Pakistan, in the form of deposits and direct investments, the Qatari state news agency QNA…

KARACHI: The Federal Investigation Agency (FIA) has launched an investigation into alleged corruption in buying A 310 aircraft from a US-based company in 2012 for the Pakistan International Airlines (PIA). The deal was struck by the then chairman Pakistan International Airlines (PIA) Chaudhry Ahmed Mukhtar in the year 2012 with the cost of…

KARACHI: A bench of Sindh High Court (SHC) on Monday heard a petition seeking ban on the sale and manufacturing of Gutka in Karachi.The high court was…

KARACHI: All passengers of international flights will now pay airport charges in Pakistani rupees instead of dollars, a notification issued by the Civil…

By Our Staff CorrespondentKARACHI: The Pakistan Stock Market remained highly volatile in the trading sessions of the outgoing week and closed at 35,125 points after losing 448 points or 1.3 percent, restricted by economic and political uncertainty. On Friday, the KSE-100 index opened upwards but continued to fluctuate sharply over uncertainty…

ISLAMABAD: Special Assistant to Prime Minister on Overseas Pakistanis and Human Development Zulfi Bukhari has said that the business community is the backbone…

LAHORE: The cement manufacturers has asked the government to reconsider the hike in Federal Excise Duty (FED) on cement in the federal budget 2019-20, which was…

LAHORE: Minister for Railways Sheikh Rasheed Ahmed announced on Saturday to push up train fares of economy class by up to Rs100 from the next month.Addressing a press conference here, he said fares of different trains will be increased up to 10 per cent from the next month to contain losses being incurred by the cash-strapped national entity…

The prices of gold continued to rise as domestic one tola and 10 gram prices rose to a new high of Rs 78,600 per tola and Rs 66,958 per 10 grams respectively.…

KARACHI: The speakers and experts were unanimous that Pakistan’s energy sector has greatly suffered due to a lack of vision and strategy and because the main…

ISLAMABAD: Members of the opposition on Saturday said Prime Minister Imran Khan should contact them directly about the committee for charter of economy. According to sources, Pakistan Peoples Party’s (PPP) Syed Khursheed Shah and Muslim League-Nawaz’s (PML-N)Ayaz Sadiq’s met with the government’s chief whip in the National Assembly Amir Dogar and…

By Our Staff CorrespondentISLAMABAD: The Federal Board of Revenue (FBR) on Friday formally launched the online FBR Tax Profiling System, enabling 53 million…

KARACHI: The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss…

By Our Special CorrespondentLAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has urged the government to lay foundation of “Industrial Revolution” by abolishing customs/regulatory duty/additional duty on around 2,800 tariff lines for raw materials. The LCCI President Almas Hyder said that manufacturing sector is most important…

LAHORE: Federal Board of Revenue (FBR) Corporate Regional Tax Office (CRTO) Lahore has held Tax Amnesty Awareness Seminar in collaboration with the Pakistan…

ISLAMABAD: Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar said on Friday pace of work on Special Economic Zones under…

By Our Staff CorrespondentKARACHI: The Research and Policy Division of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has prepared a report on the Economic and Trade Relations between Pakistan and Saudi Arabia. The report indicates that Saudi Arabia is an important country for Pakistan and both countries enjoying…

KARACHI: Gold price in Pakistan has increased by Rs1800 and current price of yellow metal stands at Rs77,300 per tola. The price of 10 gram gold also witnessed…

By Our Staff CorrespondentISLAMABAD: PTI leader Asad Umar, during his speech in the National Assembly on Thursday, asked his party's government to…