Business

PALM BEACH COUNTY, Fla. — Federal investigators have released new details about a deadly crash in suburban Delray Beach earlier this year that sheared off the roof of a Tesla.The wreck happened around 6:15 a.m. on March 1 in the 14000 block of S.R. 7, north of Atlantic Ave.The National Transportation Safety Board said a…

Cisco CEO Chuck Robbins speaks during the opening ceremony of the 4th World Internet Conference in Wuzhen in China's eastern Zhejiang province on December 3,…

KARACHI: The rupee continued its up and downward trend against the US dollar in the inter-bank on Thursday as the greenback touched an all-time high of Rs148.…

ISLAMABAD: Another polio case was reported on Wednesday from North Waziristan tribal district, with the total number of cases for the current year reaching 16. The new case was reported from Zeraki Baadshah Kot village of Mirali UC, where a 42-month-old child was diagnosed with the crippling disease. An official of the Polio Virology…

By Our Special Correspondent LAHORE: Punjab Finance Minister Hashim Jawan Bakhat said that the government will give relief to 75 percent of electricity…

Our Special Correspondent LAHORE: Chief Collector Customs and collector Lahore Preventive have awarded the customs Airport officers and officials for…

By Our Staff Correspondent LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and United Business Group (UBG) Wednesday unanimously highly welcomed tax-amnesty scheme announced by Prime Minister Imran Khan and termed it a very positive step of the government to bring tax evaders under tax net by exposing their undocumented…

By Our Staff Correspondent KARACHI: Putting an end to its losing streak, the Pakistan Stock Exchange (PSX) ended Wednesday’s with decent gains. Foreign…

By Our Special Correspondent LAHORE: Meeting held between Presidents of Chambers of Commerce Industry and Chairman FBR Shabbar Zaidi. The Presidents of…

The Business Report KARACHI: The US dollar down by Rs2 in the open market after reaching all time high of Rs 146 on Wednesday following strong speculations that the local currency will depreciate further after the signing of a bailout agreement with the International Monetary Fund (IMF). The US dollar closed at Rs144 in the open market. A high…

By Our Staff Correspondent ISLAMABAD: President Dr Arif Alvi has signed the tax amnesty scheme ordinance 2019. Following President’s signature this tax…

By Our Staff Correspondent ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday allowed additional supply of 150 MW power through…

Govt to extend relief to 75 pc of electricity consumers: Finance Minister By Our Special Correspondent LAHORE: Punjab Finance Minister Hashim Jawan Bakhat said that the government will give relief to 75 percent of electricity consumers, besides increasing the Benazir Income Support Program (BISP) by Rs 80 billion and easiness…

Quarterly 96pc, to-date earnings 83pc down, Experts see hard time ahead for company M Jahangir Hayat LAHORE: The General Tyre and Rubber…

KARACHI: The US dollar bounced back to Rs144 after reaching an all-time high of Rs146.25 during the day in the open market on Wednesday. The dollar reached the…

Our Special Correspondent LAHORE: Chief Collector Customs and collector Lahore Preventive have awarded the customs Airport officers and officials for foiling bid to smuggle 275 kg ketamine worth billions of rupees. Ketamine is known probably for its history of abuse as a club drug. But it could also be one of…

ISLAMABAD: Federal Minister for Science and Technology Chaudhry Fawad Hussain announced on Wednesday to provide loans for execution of technology based business…

By Our Staff Correspondent ISLAMABAD: The deal with the IMF is a test of the ability and capability of the government while the details of the agreement…

By Our Special Correspondent LAHORE: Pakistan’s tax system should be revamped in line with Chinese Taxation model, which is based upon growth instead of the regulatory pressures. This was stated by Shah Faisal Afridi, President Pakistan-China Joint Chamber of Commerce and Industry while presiding over a high level meeting with the executive…

ISLAMABAD: Pakistan and United Arab Emirates (UAE) have agreed to promote bilateral ties and emphasized the need to further promote economic and trade relations…

LAHORE: BankIslami Pakistan Limited and EFU Life Assurance Limited have entered into strategic alliance for distribution of EFU Life’s Hemayah Family Takaful…

Mehtab Haider Pakistan’s economy is faced with three major challenges — coming to agreement with the IMF on fresh bailout package, crucial upcoming review of Financial Action Task Force (FATF) and finalisation of next budget for 2019-20. At the same time, the PTI-led government chose to oust key players of its economic team. This process of…

By Our Staff Correspondent KARACHI: The Pakistan Stock Exchange (PSX) started the trading session on Tuesday on a positive note but failed to hold its ground…

By Our Staff Correspondent KARACHI: The President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Engr. Darood Khan Achakzai along with…

By Our Staff Correspondent ISLAMABAD: The federal cabinet on Tuesday gave approval to tax Amnesty Scheme. After cabinet's approval, the new scheme would be implemented through promulgation of a Presidential Ordinance. Prime Minister Imran Khan presided over a meeting of the cabinet during which it was briefed on the scheme. President Arif Alvi…

By Our Staff Correspondent ISLAMABAD: President of Pakistan Dr Arif Alvi said the government was aware of the problems being faced by the trade and…

Hong Kong (CNN Business)The escalating trade war between the United States and China is causing fresh pain for global investors. Wall Street's rout extended to…

Whole Foods, Nordstrom, and Crate & Barrel can now accept bitcoin and other forms of cryptocurrency at their retail stores. Spend Bitcoin at Whole FoodsWhole Foods, Nordstrom, Crate & Barrel and many other retailers are now able to accept Bitcoin and other forms of cryptocurrency.This new payment option is enabled by a partnership between…

Hong Kong (CNN Business)The United States doesn't trust a Chinese company to own gay dating app Grindr and will force it to sell by 2020, as tensions spike…

Amnesty International has widely protested the Chinese treatment of predominantly Muslim ethnic groups in Xinjiang. Here, a protester is confronted by…