The Supreme Court on Thursday struck down notification for withdrawing exemption on sales tax to the companies, importing cellular phones and textile goods in the country. Some importers of cellular phones and textile goods who were enjoying certain exemp
The Supreme Court on Thursday struck down notification for withdrawing exemption on sales tax to the companies, importing cellular phones and textile goods in the country. Some importers of cellular phones and textile goods who were enjoying certain exemp
A parliamentary panel on Thursday was informed that Nandipur Power Project has produced electricity at a cost of Rs 7.25 per unit. Secretary Water and Power Younus Dagha admitted before the Public Accounts Committee (PAC) that the dual fuel Nandipur Power
A parliamentary panel on Thursday was informed that Nandipur Power Project has produced electricity at a cost of Rs 7.25 per unit. Secretary Water and Power Younus Dagha admitted before the Public Accounts Committee (PAC) that the dual fuel Nandipur Power
A parliamentary panel on Thursday was informed that Nandipur Power Project has produced electricity at a cost of Rs 7.25 per unit. Secretary Water and Power Younus Dagha admitted before the Public Accounts Committee (PAC) that the dual fuel Nandipur Power
Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertiliser Marketing Limited (NFML) at Rs 1310 per 50 kg bag on the recommendations of Finance Ministry. Presided over by the Fin
Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertiliser Marketing Limited (NFML) at Rs 1310 per 50kg bag on the recommendations of Finance Ministry. Presided over by the Fina
Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertiliser Marketing Limited (NFML) at Rs 1310 per 50 kg bag on the recommendations of Finance Ministry. Presided over by the Fin
The Federal Cabinet, which met here on Thursday, was informed that a considerable part of portfolio under the China Pakistan Economic Corridor (CPEC) has been energised while the remaining is in the pipeline. The Prime Minister directed timely completion
The Federal Cabinet, which met here on Thursday, was informed that a considerable part of portfolio under the China Pakistan Economic Corridor (CPEC) has been energised while the remaining is in the pipeline. The Prime Minister directed timely completion
The Federal Cabinet, which met here on Thursday, was informed that a considerable part of portfolio under the China Pakistan Economic Corridor (CPEC) has been energised while the remaining is in the pipeline. The Prime Minister directed timely completion
The Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB) have developed consensus to submit revised figures of input tax adjustments for data matching so that a mutually agreed figures be finalised on payments of adjusted amounts by both the sides
The Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB) have developed consensus to submit revised figures of input tax adjustments for data matching so that a mutually agreed figures be finalised on payments of adjusted amounts by both the sides
The Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB) have developed consensus to submit revised figures of input tax adjustments for data matching so that a mutually agreed figures be finalised on payments of adjusted amounts by both the sides
On Thursday, BRIndex30 opened at 23,536.92 points. It touched an intraday high of 23,655.10 points and an intraday low of 23,390.02 points and closed at 23,422.88 points which was -114.04 points or -0.48 percent lower than previous close. Total volume was
On Thursday, BRIndex30 opened at 23,536.92 points. It touched an intraday high of 23,655.10 points and an intraday low of 23,390.02 points and closed at 23,422.88 points which was -114.04 points or -0.48 percent lower than previous close. Total volume was
Bears had a field day Thursday on the volatile share market where the KSE-100 index shed 286 points to close at 39,771 points. The benchmark index moved both ways to hit the intraday high and low of 40,214 and 39,742 points. Trading turnover remained almo
Bears had a field day Thursday on the volatile share market where the KSE-100 index shed 286 points to close at 39,771 points. The benchmark index moved both ways to hit the intraday high and low of 40,214 and 39,742 points. Trading turnover remained almo
Bears had a field day Thursday on the volatile share market where the KSE-100 index shed 286 points to close at 39,771 points. The benchmark index moved both ways to hit the intraday high and low of 40,214 and 39,742 points. Trading turnover remained almo
Soldiers raided a village in restive Indian-held Kashmir overnight in an attempt to quash ongoing protests, leaving one civilian dead and dozens injured, police and witnesses said Thursday. Villagers said soldiers from a nearby Indian army camp ransacked
Soldiers raided a village in restive Indian-held Kashmir overnight in an attempt to quash ongoing protests, leaving one civilian dead and dozens injured, police and witnesses said Thursday. Villagers said soldiers from a nearby Indian army camp ransacked
The Foreign Minister of Norway Borge Brende on Thursday shied away from making a categorical statement against Indian atrocities in Kashmir, saying he is more interested in playing the role of a mediator. Speaking at a joint press conference along with Ad
The Foreign Minister of Norway Borge Brende on Thursday shied away from making a categorical statement against Indian atrocities in Kashmir, saying he is more interested in playing the role of a mediator. Speaking at a joint press conference along with Ad
Balochistan Chief Minister Sanaullah Zehri addressing a rally in Quetta on Thursday slammed Indian premier Narendra Modi's controversial claim that the Baloch people had thanked him for his support of the "so-called insurgency" in the province. "We condem
Balochistan Chief Minister Sanaullah Zehri addressing a rally in Quetta on Thursday slammed Indian premier Narendra Modi's controversial claim that the Baloch people had thanked him for his support of the "so-called insurgency" in the province. "We condem
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,749 million and the number of lots traded was 12,918. PMEX Commodity Index closed at 3,046. Major business was contributed by gold PKR 2,779 million, followed by currencies throu
Tea prices in Bangladesh rose for a third straight week at the weekly auction on Tuesday, on strong demand for quality leaf despite a higher volume on offer. Bangladesh tea fetched an average of 225.69 taka ($2.8) per kg at the auction, the 16th of the ne
Brazil's government cut its 2016 winter corn crop forecast by 1.1 percent to 42.59 million tonnes on Tuesday from 43.05 million tonnes in July as evidence of drought continues to weigh on the final harvest numbers. In its 11th forecast of the season, crop
Chicago Board of Trade soft red winter wheat futures firmed on Tuesday as weakness in the dollar sparked a mild short-covering bounce, traders said. A falling dollar makes US commodities a safe haven for investors looking for a hedge against inflation. Bu
Prices on Europe's vegetable oils market were mostly lower on Tuesday, slipping back after the recent strong advance. Some dealers said the run-up in prices had been overdone and the modest decline mirrored a similar trend in Malaysian palm oil futures. E
The Karachi Port handled 114,207 tonnes of cargo comprising 90,589 tonnes of import cargo and 23,618 tonnes of export cargo including 5,902 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday The total import cargo of 90,
A steady trend prevailed on the cotton market on Wednesday as mills indulged in forward buying ahead of Eid-ul-Azha, dealers said. The official spot rate was unchanged at Rs 6,500, dealers said. In Sindh, seed cotton prices gained Rs 50 to Rs 3200-3400, i
Cash basis bids for hard red winter wheat were unchanged in the southern US Plains on Tuesday as supplies remained ample in the wake of the harvest, grain merchants said. Protein premiums for wheat shipped to and through Kansas City were also flat. K.C. S
Arrivals of current crop cotton (August 2016 / July 2017) are increasing steadily. Reports indicate that the quality of both seed cotton (Kapas/Phutti) and lint cotton has also improved. There is also talk of marginally higher yields per hectare for curre
Arrivals of current crop cotton (August 2016 / July 2017) are increasing steadily. Reports indicate that the quality of both seed cotton (Kapas/Phutti) and lint cotton has also improved. There is also talk of marginally higher yields per hectare for curre
Thailand has raised its target for investment pledges this year to $15.9 billion, officials said on Thursday, hoping that sentiment improved after Thais voted to accept a new military-backed constitution that paves the way for an election in 2017. Having
As mostly sports-mad Mongolians cheer on the country's two medalists at the Rio Olympic Games, deepening economic troubles at home mean the new government cannot afford to pay its athletes. Four years ago, Mongolia was riding high on world-beating 12.3 pe
Shareholders in German stock exchange operator Deutsche Boerse have accepted the firm's planned merger with the London Stock Exchange by a large majority, the company said in a statement Wednesday. Deutsche Boerse said investors holding 89 percent of its
Chile's gross domestic product shrunk by 0.4 percent in the second quarter of 2016 from the first quarter, as mining in the world's biggest copper exporter contracted, the central bank said on Thursday. The fall was the first contraction from one quarter
The Russian government has unexpectedly halted the sale of its stake in oil producer Bashneft planned as part of a privatisation drive to shore up dwindling financial reserves, reports said Wednesday. The decision to postpone the sale indefinitely, report
Philippine food giant Universal Robina Corp said Wednesday it would buy Snack Brands Australia for US $460 million, the latest big deal in a global shopping spree by Filipino firms reflecting the nation's economic rise. URC said it had sealed an agreement
European Central Bank policymakers warned of "new headwinds" for the eurozone following Britain's vote to quit the EU, according to minutes of their July meeting released on Thursday. "Downside risks had clearly increased," in the wake of Brexit, noted th
Canada's newly revamped cash handout to families ahead of the start of a fresh school year could spur retail sales during a period of weak economic growth and high consumer debt. The Canada Child Benefit gives eligible families an annual benefit of up to
Cisco Systems on Wednesday announced plans to cut seven percent of its global workforce as it shifts its focus from networking hardware to software and services. The plan to eliminate 5,500 positions came as earnings reports showed Cisco's profit for the
Cisco Systems on Wednesday announced plans to cut seven percent of its global workforce as it shifts its focus from networking hardware to software and services. The plan to eliminate 5,500 positions came as earnings reports showed Cisco's profit for the
France's unemployment rate dropped below 10 percent for the first time since 2012, statistics bureau Insee said Thursday, eight months before presidential elections in which job creation is expected to be a key issue. Socialist President Francois Hollande