Business

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 has issued a circular to all Pak Suzuki Authorized dealers across the country to suspend booking of all Suzuki vehicles for non-filer customers. Quoting the Finance Bill for fiscal year…

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…

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 increase of 8 percent when compared to last year (2016), Commercial Counsellor Pakistan High Commission London, Sajid Mehmood Raja, said Tuesday. “During the year 2017 Pakistan’s total…

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

The United Arab Emirates' Federal Tax Authority has issued guidance on obtaining refunds of value-added tax (VAT) on new homes. Emirati nationals who incur…

Paris 22nd May, 2018: Multan Carpet Industries has opened its first outlet and warehouse in Paris under the name “Noble Natural” to market Pakistan made biodegradable synthetic and handmade high-end carpets and rugs. The Ambassador of Pakistan to France Moin ul Haque during his visit to the showroom in Paris recently termed the opening of the…

ISLAMABAD: Pakistan is hosting the Shanghai Cooperation Organization – Regional Anti-Terrorist Structure (SCO-RATS) Legal Experts meeting here from May 22 to…

Catherine Downey was duped into giving away £4000 by phone fraudsters The mother-of-three was victim to the 'most sophisticated' telephone scam yet The con…

CTC Global (Irvine, CA, US) and Pakistan Cables Ltd. (Karachi, Pakistan) announced May 21 a partnership to produce, distribute, market and sell ACCC electrical conductor in Pakistan. Pakistan Cables Ltd. is the country’s first and leading manufacturer of wires, cables, overhead conductors, copper rod, PVC compound and aluminum profiles in Pakistan.…

Have you ever wondered how much your favourite WWE star makes? Well, the salaries of every single WWE superstar have been revealed. It is no surprise to…

ISLAMABAD: It is expected to make Pakistan an outsourcing destination in the region by 2020, and increase IT & ITES exports to exceed US$ 5 billion due to…

ISLAMABAD, May 21 (APP):Senior Vice President (SVP) SAARC Chamber Iftikhar Ali Malik Monday said better exchange, cooperation and building of joint ventures among SAARC countries would lead to development and help alleviating poverty in the region. Talking to a five member SAARC chamber delegation here, he said: “It is time to ensure that SAARC’s…

Make-up and cosmetics sales in Poland in 2017 topped 2 billion zloty for the first time ever. In 2018 sales in the sector are expected to increase by a further…

Jean could not understand how she had ended up so out of pocket and when her efforts to get a refund stalled she came to Crusader. It was last November that…

Hundreds of Marks & Spencer staff will find out as soon as Monday whether their store is closing, as the retailer accelerates its retrenchment from struggling UK high streets. The M&S chief executive, Steve Rowe, is shutting 100 of its large clothing and food shops amid falling sales and profits. It has already closed 20, affecting about…

By M J Hayat LAHORE: The Bank of Punjab (BoP) has posted a loss after taxation of Rs3.32 billion for the calendar year (CY) 2017 owing to the unreasonably…

President Donald Trump has demanded China cut its trade deficit with the U.S. by US$200 billion by 2020 or face a host of punishing tariffs. After recent talks…

CHINESE Vice-Premier Liu He announced in Washington at the weekend that China and the United States have reached consensus on economic and trade issues, pledging not to engage in a trade war. Mr Liu, who heads the Chinese side of the China-US comprehensive economic dialogue, was in Washington at the invitation of the US government. He…

Less than ten days ago, Ethereum World News, ran an article highlighting the dethroning of Bitcoin (BTC) from the number one spot by Ethereum (ETH) that had…

ISLAMABAD: The Federal Board of Revenue (FBR) has filed its reply in the Supreme Court (SC) in respect of suo motu notice regarding tax deduction on mobile card…

LAHORE: ACCA Pakistan hosted an expert discussion on “The Budget 2018–19: Challenges and Opportunities for Economic Reforms” which was aimed at keeping professionals up-to-date with the relevant changes that were being made to the Finance Act through the Budget 2018 – 19. This event was an opportunity to deliberate upon the recent federal budget,…

LAHORE: The Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping…

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan have further fallen 3.3 percent in one week to $10.79 billion from $11.16 billion on May…

Pakistan Announces $9.6 Billion Defense Budget The defense budget for the next fiscal year is up 10.22 percentIndia and China are among the world’s top five spenders on defense, with the former spending $45 billion ISLAMABAD: Pakistan’s government has announced a defense budget of 1.1 trillion rupees ($9.6 billion) for the 2018-19 fiscal year, up…

French oil giant Total seeks Iran sanctions waiver from Trump for $2 billion project The French oil giant Total threatened Wednesday to pull out of a $2…

Alibaba has expanded its ecommerce operations into South by acquiring ecommerce business Daraz in an undisclosed deal. Founded by Rocked Internet in 2012 and…