Business

KARACHI: Mayor Karachi Waseem Akhtar will unveil the Rs 27.17 billion tax-free budget of Karachi Metropolitan Corporation (KMC) today.

ISLAMABAD: The Supreme Court on Tuesday warned companies and individuals accused of having billions of rupees worth of loans waived illegally, to return the…

SEOUL: An interactive session and investment conference was held in South Korean capital, Seoul to attract investors to Pakistan by highlighting the potential…

LONDON: Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies.

M J Hayat LAHORE: The business community should come forward to availing benefits of Tax Amnesty Scheme 2018 as it is a last chance to legalize undeclared…

By Our Staff Correspondent KARACHI: Haleeb Foods has announced return of Haleeb Milk and other products while an amount of Rs500 million has been invested in…

By M J Hayat LAHORE: The business community should come forward to availing benefits of Tax Amnesty Scheme 2018 as it is a last chance to legalise undeclared assets as the last date for the scheme is approaching fast. This was stated by Federal Board of Revenue (FBR) Tariq Mahmood Pasha while speaking at the Lahore Chamber of Commerce &…

LAHORE: The interim Punjab government is expected to give a four-month budget for the province anytime after an expected meeting of the caretaker prime minister…

ISLAMABAD, Jun 24 :The government has released Rs 1054.249 million under its Public Sector Development Programme (PSDP) 2017-18 as compared the total allocation…

From Our Staff Correspondent ISLAMABAD: Islamabad Chamber of Small Traders on Saturday said the elements opposing Tax Amnesty Scheme and spreading rumors are enemies of Pakistan. An extension in the deadline of this matchless scheme will help country raise billions of dollars which are badly needed to keep the country afloat, it said. The…

ISLAMABAD, Jun 24: Sale of motorbikes and three wheelers in the country during first 11 months of the current fiscal year (2017-18) increased by 16.18 percent…

ISLAMABAD: The import bill of three major items - oil, food and transport - widened by almost 22 per cent year-on-year to $22.4 billion in the first 11 months…

KARACHI: Listless conditions prevailed on the cotton market on Saturday owing to extremely slow arrival of phutti (seed cotton) and high rates being demanded by ginners.

ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced the time limit of filing assets under tax amnesty scheme till June 30th 2018.

LAHORE: Uzbekistan Ambassador Furqat Sidiqov has insisted on Pakistan’s private sector to associate with Uzbek businessmen in the fields of pharmaceutical,…

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has come to a decision on Friday, not to let the US dollar cross Rs124.50 in the open market.

M J Hayat LAHORE: Deposit protection scheme will build up sizable funds, through premium payments from banks that can be used to provide immediate liquidity…

LONDON: Oil prices rose almost 3 percent on Friday as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global…

By S N Syed, M J Hayat KARACHI: The State Bank of Pakistan (SBP) has issued instructions for a declaration of foreign assets under Foreign Assets (Declaration and Repatriation) Act, 2018, while some amendments have also been made in it. According to the notification issued Thursday, the tax payment can be made through banking channels either…

By K A Mian  LAHORE: The two-day International Agri-Expo-2018 will start from Saturday (tomorrow) at the Lahore Expo Centre to attract the exporters dealing…

NEW YORK Global chipmaker Intel announced Thursday its CEO and board member Brian Krzanich has resigned after the company was informed he had a consensual…

NEW YORK The Supreme Court ruled Thursday that states can force online retailers to collect taxes from online sales. The 5-4 ruling overturned an earlier decision in 1992 which limited states from collecting taxes from online retailers who did not have a physical presence in those states. South Dakota, who brought the challenge to the…

KARACHI: Rupee shows continuous downward skim against the dollar, resulting in augmented steel prices at a record towering of Rs100,000 per ton, for the first…

By M J Hayat LAHORE: Askari Bank Limited (AKBL) Tuesday appointed Abid Sattar the Bank President and CEO on permanent basis. As per the reliable source the…

By S N Syed KARACHI: Pak Rupee has further devalued in the interbank trading at Rs122.30 a dollar while as high as Rs123.6 in the open market. According to sources, the rupee was traded between Rs122.05 to 122.30 a dollar. According to Forex Association of Pakistan, in the open market, dollar was traded between Rs122.6 to Rs123.6. On June 11,…

SYDNEY: An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update…

Beijing: Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the US president threatened to impose fresh tariffs…

KARACHI: Finance and Economic Affairs Minister Dr Shamshad Akhtar has recommended to the Pakistan Stock Exchange (PSX) to work diligently for maximising the amount of assets for submission under the Amnesty Scheme announced by the government. The minister was on a visit to the PSX on Monday. In a meeting with representatives of PSX Board,…

WASHINGTON/ BEIJING: U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering…

Most markets in Asia ended their Monday sessions in the red, as investors started their week digesting tightening trade tensions between the United States and…