Business

Give adequate publicity on websites, in premises of branches: SBP

Customs Adjudication declared seizure of 26114 phone as lawful, legal

LONDON: The dollar fell on Friday as U.S. tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely…

HONG KONG: Asian stocks fell Thursday as investors fretted over US-China tariffs due to kick in within hours and which threaten to plunge the world´s top two economies into an all-out trade war. The US is set to begin enforcing tariffs on more than $34 billion in Chinese imports from Friday. Beijing has vowed to respond with its own tariffs…

Problems at Pakistan’s banks, including fines and falling profits, have seen foreign investors head for the exit. Could interest from China and a growing…

Reject focal persons’ appointment terming as insufficient measure

LAHORE: Federal Board of Revenue (FBR) Wednesday issued a list of nomination of BS-19 for the 24th Senior Management Course (SMC) at the National College Lahore, national Institute of Management, Karachi and Peshawar. The board referred Establishment Division’s .M N. 5/45/2018 T-II dated 11.06.2018 on the above subject and stated that the…

M J Hayat LAHORE: Federal Board of Revenue (FBR) Tuesday exempted vintage or classic cars and jeeps meant for transport of persons on the import thereof from…

Pakistan has enjoyed some economic growth, largely on the back of the China-Pakistan Economic Corridor, while security has improved and more reliable power…

By Waleed Bin Imran LAHORE: Habib Bank Limited (HBL) is all set to surrender the unclaimed dividends lapsing three years official time. As per the official sources, the HBL is required to deposit with the Federal Government any shares or dividends which remain unpaid or unclaimed for three years from the date on which these were either issued or…

By S N Syed KARACHI: Due to acute water shortage and heat wave, quality of cotton in Sindh has deteriorated while some mills have returned their lots to the…

CFO Raymond Kotwal appointed acting Co Secy

By Our Staff Reporter ISLAMABAD: Secretary Commerce Younus Dagha on Monday inaugurated the new Head Office of the Pakistan Horticulture Development and Export Company (PHDEC) at the FPCCI’s in Islamabad. The President FPCCI, Ghazanfar Bilour, Chairman PHDEC, Fuad Ishaq, Acting CEO PHDEC Muhammad Ashraf, the senior officers of the Ministry of…

Islamabad: China has lent Pakistan $1 billion to boost the South Asian country's plummeting foreign currency reserves, two sources in Pakistan's finance…

ISLAMABAD: The caretaker government has extended the Federal Board of Revenue’s (FBR) tax amnesty scheme for a month with a cut-off date of July 31. The tax…

By M J Hayat LAHORE: In order to fully exploit the potential of Amnesty Scheme, the Federal Board of Revenue (FBR) bureaucracy must have to start legwork leaving their chilled offices besides the date of besides amnesty should be increased for the next two months. Had the Board bureaucracy worked properly the national exchequer would have…

KARACHI: Pakistan’s enlistment in the grey list of watchdogs did not show its impact immediately but bankers said the cost of doing business would get higher…

ISLAMABAD: With the curtain set to drop on the amnesty scheme by the end of the day (Saturday), nearly 5,000 people have filed returns declaring their foreign…

LONDON: If last year’s financial markets boom was down to a ‘Goldilocks’ global economy, 2018 has so far been all about the bears, with the worst start to a year for world stocks since 2010. A grizzly mix of U.S.-China trade tensions, central banks turning off the money taps and cooling growth in hotspots including Europe has wiped a trillion…

KARACHI: State Bank of Pakistan (SBP) expressed on Thursday, the decline in Foreign exchange reserves by over $600 million during the week ending on June 22,…

KARACHI: The rupee showed hike by Rs1 in the open market against the greenback on Thursday to Rs123.80. According to foreign exchange dealers, the solidity…

KARACHI: Pakistani’s wealth at Swiss banks showed a downward trend by almost 21% to stand at CHF 1.115 billion in 2017, stated by Indian media report. According to latest data released by Switzerland’s central bank SNB (Swiss National Bank), the funds linked directly to clients from Pakistan stood at CHF 1,100.7 million at the end of 2017, while…

ISLAMABAD, Jun 28: Pakistan and Organization for Economic Cooperation and Development (OECD) would further strengthen their cooperation in various areas…

ISLAMABAD: The National Electric Power Regularity Authority (NEPRA) has approved to increase power tariff by Rs1.25 per unit. A summary is provided to NEPRA…

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) assisted an investment of over Rs.29.73 billion during last decade through handholding of the upcoming SMEs and up-gradation of 27 existing SME clusters by providing them common facility centers of worth Rs.2.772 billion as PSDP (Public Sector Development Programme) projects.…

PARIS: The Financial Action Task Force (FATF) placed Pakistan’s name on ‘grey list’ during FATF Plenary in Paris on Wednesday, this announcement was made late…

By M J Hayat LAHORE: Summit Bank Limited is making all-out efforts for early completion of the proposed merger and amalgamation transaction of Summit Bank…

By Waleed Bin Imran LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Lahore Development Authority (LDA) over nonpayment of taxes worth Rs164 million to FBR. FBR claims that LDA has not paid income tax since 2015 and was also fined in the year 2016, 17 and 18. The LDA accounts in National Bank LDA Plaza Johar Town…

ISLAMABAD: All banks are directed to keep the counters open conducting government banking until 8pm on June 29, 2018 in order to receive government payments…

By Our Staff Repoter LAHORE: The Syndicate of University of Veterinary and Animal Science Lahore approved Rs 3.970 billion budget for the financial year…