Business

According to latest media reports, the US is poised to hit EU with steel and aluminum tariffs as early as Thursday. President Donald Trump plans to impose the tariffs on Mexico, Canada, according to the Washington Post. Meanwhile, Commerce Secretary Wilbur Ross has told French media that it would be announced either before markets opened or…

TEHRAN, May 31 – Pakistani local media recounted that the officials of Pakistani Ministry of Commerce are examining the last points to finalize a free trade…

By Our Special Correspondent LAHORE: The Federal Board of Revenue (FBR) has transferred and posted three officers of Bs 22 and 12. Transfers/postings of the…

ISLAMABAD: The prices of oil products may stage highest increase of the year if the government accepts calculations made by Oil & Gas Regulatory Authority (Ogra) on the basis of artificially higher tax rates.

ISLAMABAD: In its farewell meeting, the Economic Coordination Committee (ECC) of the Cabinet on Wednesday took decisions of far-reaching impact, including the…

By Our Staff Correspondent KARACHI: The National Fertilizer Development Corporation (NFDC) has released fertilizer numbers for Apr-2018 wherein local urea…

Authorities keeping mum, no one questions illegal importers from Peshawar

The investigation team tasked with probing the illegal allotment of land to Bahria Town Karachi is confident that it has a watertight case against the real…

BEIJING (Alliance News) - After the White House brought tariffs on Chinese imports back on the table, reigniting a months-long conflict, Beijing said Wednesday…

By Our Special Correspondent LAHORE: The four-day single country exhibition organised by the Trade Development Authority of Pakistan (TDAP) in South American country Chile reportedly proved to be a failed activity as visitors found Pak stalls empty and traders failed to catch any business. The inauguration of the exhibition was reportedly…

M J Hayat LAHORE: The Bank Alfalah Limited has elected nine directors of the bank for a term of three years. “We would like to inform that an Extraordinary…

By Our Staff Reporter LAHORE: Emerging Markets Property Group (EMPG), the parent company of Pakistan’s largest property portal Zameen.com, has announced that…

The Pakistani rupee is projected to continue to weaken in the coming months and is likely to hit 38 against the UAE dirham, industry executives and analysts said. Rajiv Raipancholia, CEO of Orient Exchange, expects a further 10-15 per cent devaluation in the rupee during fiscal year 2018-19 as banks in Pakistan have borrowed US dollars from…

Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, weeks after US President Donald…

BEIJING (Reuters) - Qualcomm Inc (QCOM.O) is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for…

(LAHORE: May 27th, 2018) –The All Pakistan Business Forum has flayed the State Bank of Pakistan for jacking the key interest rate by 50 basis points to 6.5% for the next two months on the excuse of dealing with emerging inflationary pressure in its Monetary Policy. He said that this is the second surge in the rate since January 2018 when the…

High administrative spending, losses from foreign currencies Penalty of $225 for money laundering also affected balance sheet: experts

M J Hayat LAHORE: Prime Minister Advisor on Revenue Haroon Akhtar khan has said that revenue collection has been doubled during the five years of the…

LAHORE - Ambassador of Qatar to Pakistan Saqr Bin Mubarak Al Mansouri said that Central Tendering Committee (CTC) would facilitate Pakistani traders to export basmati rice to Qatar by opening tender for them. He was addressing an iftar dinner held in honour by the Rice Exporters Association of Pakistan Chairman Samee Ullah Naeem. The ambassador…

KARACHI: In line with market expectations, the State Bank of Pakistan (SBP) increased the key interest rate by 50 basis points, taking it to 6.50%, effective…

Bitcoin has formed lower lows while oscillators made higher lows, signaling that bullish pressure could return soon. The 100 SMA is still below the longer-term…

ISLAMABAD - China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting foreign currency reserves. Two State Bank of Pakistan (SBP) sources told that the credit facility that accompanies a currency swap…

Investing in emerging markets is like watching the tides without the moon as a guide. Capital flows in and out in surges, and woe to the country that gets…

DUBAI: The government of Pakistan is raising a $200 million syndicated loan with three United Arab Emirates (UAE) banks, banking sources familiar with the…

LAHORE: Lahore Chamber of Commerce & Industry (LCCI) on Wednesday called for incorporating leading businessmen and experienced economists in the upcoming interim government to ensure economic integrity, because country’s economy was in a sensitive mode and interim government could not afford to run without a team of economic experts. LCCI…

By Our Special Correspondent LAHORE: Following the announcement of the PML-N government to further squeeze the non-tax filers, the Pak Suzuki Motor Co Ltd…

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Wednesday witnessed signing of an agreement between Pakistan and Somalia for grant of US$ 10.5 million and…

The largest vertical cement grinding mill with cope drive, the cement silos, and the packing plant have all started trial operations. The cement produced in trial run will be dispatched to customers, and the announcement of commercial production will be made in due course. Successful commissioning has been completed in raw material crushing,…

LONDON: The merchandise trade volume between Pakistan and the United Kingdom (UK) during the calendar year 2017 has increased to over £ 1.93 billion showing an…

ISLAMABAD: Minister for Planning, Development and Reform Ahsan Iqbal Tuesday said Pakistan’s future lay in knowledge-based economy and that was why the…