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LONDON: Chinese tech company ByteDance said it was considering moving the headquarters of its TikTok video-sharing platform overseas, following a...

KPT shipping intelligence report August 4

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...

SMEDA increases R&D activities to promote SME development

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has increased its Research and Development (R&D) activities aimed at planning...

Customs court approves physical remand of suspect in HSD oil smuggling case

byM.B. Rana

KARACHI: The Customs Court sent suspect namely Muhammad Bakhtiar son of Muhammad Maqbool to customs lock-up on physical remand, who...

FBR shares CNICs of 0.1m unregistered persons to NADRA to expand tax base

ISLAMABAD: The Federal Board of Revenue (FBR) provided a list of 100,000 Computerised National Identity Card (CNIC) numbers of unregistered...

Promotion to next grade: FBR seeks performance evaluation reports of BS-19-20 officers

ISLAMABAD: Federal Board of Revenue (FBR) has directed officers of BS-19 and BS-20 to complete their performance evaluation reports (PERs)...

Rates of WHT on profit on debt updated for tax year 2021

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on profit on debt to be prevailed during Tax...

Najy Benhassine succeeds Illango Patchamuthu as WB’s Pakistan chief

ISLAMABAD: Najy Benhassine is the World Bank’s new Country Director for Pakistan effective August 1. He succeeds Illango Patchamuthu, who...

PSX gains 613.17 points to close at 39,871.61 points

KARACHI: The Pakistan Stock Exchange (PSX) on witnessed bullish trend as KSE-100 closed at 39,871.61 points as compared to 39,258.44...

FBR exempts sales tax on import of oxygen gas, cylinders for three months

ISLAMABAD: Federal Board of Revenue (FBR) on Monday granted sales tax exemption on import of oxygen gas and cylinders (for...

Transparency Int’l appreciates NAB’s anti-corruption efforts under leadership of Justice Javed Iqbal

ISLAMABAD: Justice Javed Iqbal, Chairman National Accountability Bureau (NAB) chaired a meeting at NAB Headquarters. The meeting reviewed overall performance...

Balochistan govt extends smart lockdown till August 17

QUETTA: Government of Balochistan has extended coronavirus smart lockdown for 15 days across the province. According to the notification...

COVID-19: SBP reverts to normal timings from today

KARACHI: The State Bank of Pakistan (SBP) reverted to its normal office timings on Monday, August 3. According to a...

NAB tells court it arrested Sharif Group’s CFO on ‘solid evidence’

LAHORE: The National Accountability Bureau (NAB) has said it arrested Mohammad Usman, the Chief Financial Officer of the Sharif Group...

USD gains 52 paisa against Pak rupee in interbank

KARACHI: The exchange rate of US Dollar strengthened by 52 paisa in the interbank on Monday against Pakistani rupee. The...

‘Reduction in trade deficits, improvement in remittance inflows to improve Pakistan’s BoP’

ISLAMABAD: Pakistan’s Balance of Payment (BoP) position is set to improve, on the back of reduction in the trade deficit...

Container ships wait to be unloaded at the Port of Oakland on Wednesday, March 7, 2018, in Oakland, Calif. The U.S. trade deficit rose in January to the highest level since October 2008, defying President Donald Trump's efforts to bring more balance to America's trade with the rest of the world, the Commerce Department said Wednesday. (AP Photo/Ben Margot)

KPT shipping intelligence report August 3

KARACHI:The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Monday....

Asian markets mostly lower as virus forces new lockdowns