Business
ISLAMABAD: Special Assistant to the Prime Minister on Industry and Production Haroon Akhtar Khan said on Saturday that the government remained committed to improving the industrial landscape to boost employment opportunities and bolster economic r
Business
BEIJING: China’s factory activity slowed in January, official data showed on Saturday, missing forecasts after a brief rise into positive territory at the end of last year. A key measure of industrial health, the manufacturing purchasing m
Business
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry on Saturday expressed concern over the abrupt recovery of super tax by the Federal Board of Revenue (FBR), warning that collect
Business
KARACHI: Uncertainty gripped investors on Saturday as gold prices fell sharply for a second straight day, with 10-gram and one-tola rates dropping by Rs21,862 and Rs25,500 to Rs438,839 and Rs511,862, respectively. International gold prices
Business
The government on Saturday hiked the rate for high-speed diesel (HSD) by Rs11.30, while leaving the price of petrol unchanged for the coming fortnight. In a late-night notification, the Petroleum Division said the revision followed movement
Business
KARACHI: The Karachi Metropolitan Corporation (KMC) has ordered an inquiry after the Karachi Constructors Association (KCA) levelled serious allegations of large-scale corruption against officials of
Business
KARACHI: The 10-gram and one-tola gold (24kt) on Friday recorded the highest ever single day drop of Rs30,435 and Rs35,500 to Rs 460,701 and Rs537,362, respectively. The 10-gram and one-tola silver (24kt) also fell to Rs9,489 and Rs11,069,
Business
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has decided to hold a public hearing on proposals to curtail benefits for solar net-metering consumers — known as prosumers — amid concerns that unaffordable tariffs and persisten
Business
ISLAMABAD: Finance Minister MuhÂammad Aurangzeb has directed the SecÂuÂrities and Exchange Commission of PakisÂtan (SECP) to accelerate the development of capital markets to broaden financing options and boost investor confidence. The direc
Business
KARACHI: As local industry and exporters welcomed Prime Minister Shehbaz Sharif’s relief package , foreign investors complained that the Federal Board of Revenue (FBR) had issued demand notices requir
Business
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased 4.52 per cent year-on-year in the week ending Jan 29, owing to an increase in the retail price of tomatoes and pulses in the domestic market. The SPI-b
Business
ISLAMABAD: Riding on the back of the successful privatisation of Pakistan International Airlines, the Privatisation Commission has proposed hiring market-based experts to strengthen its institutional
Business
US President Donald Trump announced on Friday that he is nominating Kevin Warsh, a former Federal Reserve governor, to be the next US central bank chief. Trump’s decision caps a closely watched search for a successor to current Fed Chair Je
Business
Pakistan’s benchmark index, KSE-100, rebounded slightly on Friday by 1836.36 points after shedding 6131.53 points on the previous day. The benchmark index
Business
Gold slid more than 4 per cent on Friday on rumours the Federal Reserve could get a more hawkish chair, but was still on track for its strongest monthly gain since 1980 as investors flocked to the safe haven amid lingering geopolitical and economi