Industry ‘Export from KP drastically cut after imposition of 2pc cess’ PESHAWAR: Members of the business community have said the imposition of two percent Infrastructure Development Cess... Published 19 Sep, 2024 07:32am
Taxes FBR says name of filer in AJK CBR or GBC BoR to be included in ATL ISLAMABAD: The Federal Board of Revenue (FBR) will include name of a person in the Active Taxpayers List (ATL), ... Published 19 Sep, 2024 07:30am
Governor inaugurates Zaitoon Ashraf IT Park KARACHI: The Governor of Sindh, Kamran Khan Tessori, inaugurated the Zaitoon Ashraf IT Park, established near the... Published 19 Sep, 2024 07:29am
KP govt establishes debt management fund PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa approved the establishment of a Debt Management Fund to... Published 19 Sep, 2024 07:27am
PM reiterates commitment to work closely with UK leadership ISLAMABAD: Prime Minister Shehbaz Sharif has reiterated Pakistan's commitment to work closely with the leadership of... Published 19 Sep, 2024 07:26am
President rejects elections for IIOJK Legislative Assembly ISLAMABAD: President Asif Ali Zardari has categorically rejected the elections for the Legislative Assembly of ... Published 19 Sep, 2024 07:24am
Punjab govt reduces public transport fares: minister LAHORE: Punjab Information Minister Azma Bokhari said public transport fares in Punjab have been decreased by 30 to... Published 19 Sep, 2024 07:23am
Cotton & Textile About 1,434,028 bales of cotton reach ginneries LAHORE: According to the latest cotton statistics released by the Pakistan Cotton Ginners Association (PCGA) as of... Published 19 Sep, 2024 07:23am
Money & Banking Securities, futures markets: SECP to develop Islamic finance ecosystem ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to develop Islamic finance ... Published 19 Sep, 2024 07:22am
‘No other court will be accepted over SC’, says PTI Senator LAHORE: PTI Senator Hamid Khan, on Wednesday said no other court would be accepted over the Supreme Court. The... Published 19 Sep, 2024 07:19am
Punjab cabinet approves three mega projects LAHORE: Punjab cabinet, which met on Tuesday with Chief Minister Maryam Nawaz Sharif in chair approved three mega... Published 19 Sep, 2024 07:18am
JI chief urges CJP to help resolve ‘political crisis’ LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem-ur-Rehman has categorically rejected the proposed constitutional... Published 19 Sep, 2024 07:16am
3 ‘terrorists’ killed in ‘encounter’ LAHORE: In a significant counter-terrorism operation, three unidentified terrorists were killed in an exchange of... Published 19 Sep, 2024 07:14am
King Charles invites PM to CHOGM ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday received a telephone call from King Charles III, who formally... Published 19 Sep, 2024 07:13am
Lawyers’ bodies advocate formation of ‘Federal Constitutional Court’ ISLAMABAD: The representatives of the Pakistan Bar Council (PBC), the Supreme Court Bar Association (SCBA) and the... Published 19 Sep, 2024 07:11am
Intra-party elections: ECP adjourns case as PTI seeks more time ISLAMABAD: Having rejected the PTI intra-party polls on procedural grounds in the past, the ECP has now stated that... Published 19 Sep, 2024 07:10am
PTI, JUI-F reject constitutional amendment bill draft ISLAMABAD: Jamiat Ulema-e-Islam (JUI) chief Maulana Fazlur Rehman, Wednesday, categorically rejected the bill draft... Published 19 Sep, 2024 06:37am
‘Anthem disrespect’: FO summons Afghan chargé d’affaires ISLAMABAD: Pakistan has lodged a strong protest with the Afghanistan interim government by summoning its chargé... Published 19 Sep, 2024 06:37am
South Asia IIOJK votes after special status scrapped OCCUPIED SRINAGAR: Illegally Indian-Occupied Jammu and Kashmir (IIOJK) voted Wednesday in the first local elections... Published 19 Sep, 2024 06:37am
Putin agrees to sign Russia-Iran strategic partnership deal MOSCOW: Russian President Vladimir Putin has accepted the Russian Foreign Ministry’s proposal to sign a strategic... Published 19 Sep, 2024 06:37am
Overchuk meets army chief ISLAMABAD: Alexey Overchuk, deputy prime minister of the Russian Federation, paid a courtesy call on General Syed... Published 19 Sep, 2024 06:37am
Constitutional amendments: ‘Alleged’ draft is not the ‘real’ draft, insists Bilawal ISLAMABAD: In appearances on separate private television channels, Chairman Pakistan People’s Party (PPP) Bilawal... Published 19 Sep, 2024 06:37am
Intra-party polls: JUI-F seeks two months’ time ISLAMABAD: In an apparent indication that the plan to get the much talked about constitutional package for superior... Published 19 Sep, 2024 06:37am
IK says constitutional amendments aimed at giving extension to ‘three umpires’ ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Wednesday said that “they are... Published 19 Sep, 2024 06:37am
Rising public debt The SBP (State Bank of Pakistan) has released figures of total debt and public debt of Pakistan as of end-June 2024.... Published 19 Sep, 2024 06:37am
‘Action is approaching’? You know you’re following the right journalists, amid all the noise and international media hijack of the Gaza... Published 19 Sep, 2024 06:37am
Witnessing China’s economic evolution: a journey through progress and innovation From September 3, 2024, to September 12, 2024, I had the privilege of leading an 8-member media delegation to ... Published 19 Sep, 2024 06:37am
Soft power—Pakistani storytelling potential A good story attracts. A gripping story grips. A great plot provokes. From Shakespeare to Hollywood the storytelling... Updated 19 Sep, 2024 07:58am
Utter madness Pakistan’s economic management, particularly its treatment of export-oriented industries, is nothing short of... Published 19 Sep, 2024 06:37am
Four UK professors give guest lectures at HU KARACHI: Not just one or two but four professors of the University of Essex (UK) gave guest lectures at the Hamdard... Published 19 Sep, 2024 06:37am
CM sanctions Rs1.5bn for repairing roads in Karachi KARACHI: Sindh Chief Minister Syed Murad Ali Shah presiding over a meeting assessed the damage caused to the city... Published 19 Sep, 2024 06:37am
Blinken warns against further ME escalation after Lebanon blasts CAIRO: US Secretary of State Antony Blinken on Wednesday warned against the risk of escalation in the Middle East... Published 19 Sep, 2024 06:37am
China sanctions nine US defence firms in response to Taiwan sales BEIJING: China imposed sanctions on nine US defence firms on Wednesday, the foreign ministry said, describing the... Published 19 Sep, 2024 06:37am
Rates PSX posts smart rally KARACHI: Despite foreign selling, Pakistan Stock Exchange on Wednesday witnessed a bullish trend and closed on ... Published 19 Sep, 2024 06:37am
PARTLY FACETIOUS: South Asians are extremely sensitive people “One has to give due credit to those who teach journalism.” “Right, but their teachings fall by the wayside... Published 19 Sep, 2024 06:37am
Letters ‘Harris vs Trump: Views of the Pakistani-American community’ This is apropos two back-to-back letters to Editor by this writer carried by the newspaper on Monday and yesterday.... Published 19 Sep, 2024 06:37am
Stocks Wall St slips as Fed’s first rate cut in 4 years looms NEW YORK: Wall Street’s main indexes slipped in volatile trading on Wednesday ahead of the Federal Reserve’s... Published 19 Sep, 2024 06:37am
Stocks European shares end lower with Fed’s verdict in focus PARIS: European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important... Published 19 Sep, 2024 06:37am
Stocks China stocks end higher, led by property shares SHANGHAI: China stocks closed up on Wednesday, reopening after the Mid-Autumn Festival holiday, as gains in property... Published 19 Sep, 2024 06:37am
Stocks Indian shares ease off record highs ahead of Fed decision BENGALURU: Indian shares eased off record highs on Wednesday, dragged down by information technology and pharma... Published 19 Sep, 2024 06:37am
Rates Activities of Karachi Port Trust KARACHI: The Karachi Port Trust handled 321,990 tonnes of cargo comprising 163,825 tonnes of import cargo and ... Published 19 Sep, 2024 06:37am
Rates LME official prices LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM... Published 19 Sep, 2024 06:37am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Wednesday (September 18, 2024). ==========================... Published 19 Sep, 2024 06:37am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 19 Sep, 2024 06:37am
Forex Dollar's rate in interbank market KARACHI: Interbank closing rates for dollar on Wednesday (September 18, 2024). ======================== Open ... Published 19 Sep, 2024 06:37am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (September 18, 2024).... Published 19 Sep, 2024 06:37am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 18, 2024).... Published 19 Sep, 2024 06:37am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 18, 2024)... Published 19 Sep, 2024 06:37am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Wednesday (September 18, 2024). =======================================... Published 19 Sep, 2024 06:37am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (September 18, 2024). ====================================... Published 19 Sep, 2024 06:37am
Foreign-funded projects: EAD seeks Rs196bn more to cover rupee deficit ISLAMABAD: The Economic Affairs Division has demanded additional Rs196 billion ($664 million) to address rupee cover... Updated 19 Sep, 2024 09:04am
Industry New steel mills in Karachi: Pakistan, Russia agree to constitute working group ISLAMABAD: Pakistan and Russia have agreed to constitute a working group to move forward on a proposal of... Published 19 Sep, 2024 06:37am
Jul-Aug FDI up 55.5pc to $350.3m YoY KARACHI: The Foreign Direct Investment (FDI) in the country rose by 55.5 percent during the first two months of this... Updated 19 Sep, 2024 08:51am
Opportunities for implementing FTAs with EEU states discussed ISLAMABAD: Pakistan and Russia have agreed to continue engagement for expanding bilateral relations in areas of... Updated 19 Sep, 2024 02:49pm
‘The Review’ of SBP: Timely realization of IMF lending to help revive inflows SBP’s Mid-Year Performance Review of the Banking Sector mentions that Pakistan's macroeconomic environment has been improving with revival in economic activity Updated 19 Sep, 2024 01:12pm
KE supports entry of other Discos into Karachi KARACHI: Moonis Alvi, Chief Executive Officer of K-Electric, has expressed his support for the entry of other... Updated 19 Sep, 2024 02:50pm
August FCA: CPPA-G seeks Re0.57 per unit negative adjustment ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has sought negative adjustment of Re 0.57 per... Updated 19 Sep, 2024 09:24am
Mangla power house refurbishment: Wapda approaches Power Division for tunnel closure ISLAMABAD: Water and Power Development Authority (Wapda) has approached Power Division for closure of Tunne1 (unit... Updated 19 Sep, 2024 02:49pm
10pc tax credit allowed by SC to persons who imported, installed machinery till June 2019 ISLAMABAD: The Supreme Court of Pakistan (SC) has allowed 10 percent tax credit to the persons who have imported and... Updated 19 Sep, 2024 09:25am
Proposed ‘Constitutional package’: SC requested to reassign petition ISLAMABAD: The Supreme Court has been urged to urgently put the petition, which challenges ‘proposed package’ to... Updated 19 Sep, 2024 09:06am
Sales tax condonation for time limit: FBR issues ‘checklist’ for taxpayers ISLAMABAD: The Federal Board of Revenue (FBR) has issued a “checklist” for processing of condonation cases of... Updated 19 Sep, 2024 08:51am
Commodities Gold prices fall KARACHI: The local gold prices inched down from all-time highs with the global bullion prices receding close to $... Published 19 Sep, 2024 06:37am
Preserving GSP Plus status EDITORIAL: One would have thought that the precarious state of the economy, the struggling export market and the... Published 19 Sep, 2024 06:37am
Commodities Malaysian palm oil higher on short-covering KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday to snap a three-session slide, as traders covered their... Published 19 Sep, 2024 06:37am
Commodities Chicago wheat futures up CANBERRA: Chicago wheat futures rose on Wednesday after France’s farm ministry downgraded the country’s crop... Published 19 Sep, 2024 06:37am
Commodities Iron ore slides on strong supply prospects, weak steel demand outlook SINGAPORE: Iron ore futures prices slumped on Wednesday, as Chinese traders returned after the country’s ... Published 19 Sep, 2024 06:37am
Commodities Copper gains ahead of expected US rate cut LONDON: Copper prices ticked higher on Wednesday ahead of a widely expected rate cut by the US Federal Reserve, ... Published 19 Sep, 2024 06:37am
Energy Oil prices fall on mixed storage report NEW YORK: Oil prices fell on Wednesday as the market cautiously awaited a rate cut announcement from the Federal... Published 19 Sep, 2024 06:37am
Commodities Gold prices climb NEW YORK: Gold prices gained on Wednesday, as investors awaited for the Federal Reserve to start its US monetary... Published 19 Sep, 2024 06:37am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (September 18, 2024)... Published 19 Sep, 2024 06:37am
Cotton & Textile Firm trend on cotton market LAHORE: The local cotton market on Wednesday remained firm and the trading volume remained satisfactory. Cotton... Published 19 Sep, 2024 06:37am
Forex Currency values in terms of Special Drawing Rights WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special... Published 19 Sep, 2024 06:37am
Commodities India considers easing export curbs on non-basmati rice NEW DELHI: India is considering easing curbs on non-basmati rice exports, a senior government official said on... Published 19 Sep, 2024 06:37am
Auction for MTBs: SBP rejects all bids KARACHI: Following the federal government’s directives, the State Bank of Pakistan (SBP) has rejected all bids of... Updated 19 Sep, 2024 08:51am
Kamal, Russian official discuss trade-related matters ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan and visiting Deputy Minister for Industry and Trade of the... Published 19 Sep, 2024 06:37am
State of economy signals tougher times ahead EDITORIAL: Finally, the IMF (International Monetary Fund) executive board with Pakistan’s programme on its agenda... Published 19 Sep, 2024 06:37am
Zardari, ADB President discuss economic recovery and reforms ISLAMABAD: Asian Development Bank (ADB) President Masatsugu Asakawa and Pakistan President Asif Ali Zardari met to... Published 19 Sep, 2024 06:37am
Industry 6pc minimum growth rate necessary to tackle unemployment: Mian Zahid KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan and the President of Pakistan... Published 19 Sep, 2024 06:37am
Industry PQA operations: AGP flags potential violations of policy, rules KARACHI: A recent audit of the Port Qasim Authority (PQA) has revealed potential violations of Pakistan’s Merchant... Published 19 Sep, 2024 06:37am
Money & Banking China’s yuan steady SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as traders returned to work after the... Published 19 Sep, 2024 06:37am
Money & Banking US dollar edges lower NEW YORK: The US dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as... Published 19 Sep, 2024 06:37am
Money & Banking Asian currencies: Rupiah skids after surprise rate cut BENGALURU: Malaysia’s ringgit hit a more than 19-month high on Wednesday, leading gains in largely positive Asian... Published 19 Sep, 2024 06:37am
Jul-Aug IT, ITeS export remittances register 30pc growth YoY ISLAMABAD: The country’s information technology and IT-enabled services (ITeS) export remittances comprising... Published 19 Sep, 2024 06:37am