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
Business
Prime Minister Shehbaz Sharif on Friday announced a Rs4.4 reduction in the per unit rate of electricity for the industrial sector in a bid to improve productivity and exports. The premier stated this during an address to the country’s major
Business
Pakistan benchmark index, KSE-100, rebounded slightly on Friday morning by 1746.78 points after shedding 6131.53 points on Thursday. The benchmark index hit 184,
Business
When Hammad Malik built a simple Urdu WhatsApp bot and gave it to his driver to try out, he didn’t expect 800 people to be using it within two days. That early experiment showed him that millions of Pakistanis are excluded from digital services be
Business
ISLAMABAD: The Central Power Purchasing Agency (CPPA) on Thursday reported that power consumers across the country would be paying Rs1.41 per unit higher fuel charges in February bills than in the current month, as industrialists said the base ele
Business
KARACHI: Exporters and analysts fear that the EU-India Free Trade Agreement (FTA) will pose serious challenges to Pakistan’s export base and hurt its textile exports. An office-bearer of a traders’ association said India “has now opened an
Business
ISLAMABAD: The continued closure and suspension of trade at the Pak-Afghan border since October has led to a 53.02 per cent decline in revenues of the Khyber Pakhtunkhwa government, prompting the pro
Business
ISLAMABAD: The Abu Dhabi (AD) Ports Group on Thursday agreed to review the terminal cargo handling charges in response to Pakistan’s demand to cut them. The government has formed a committee to negotiate the cargo handling charges with the
Business
ISLAMABAD: The National Assembly’s standing committee on national food security and research sought the intervention of Prime Minister Shehbaz Sharif for resolution of potato crop crisis and requesti
Business
ISLAMABAD: The government may have to increase the tax on petrol again if it were to minimise the estimated Rs10 per litre hike in diesel prices later this week to keep inflation in check. Informed sources said benchmark crude prices had