Business

ISLAMABAD: Apart from other well-conceived measures, the fixing of support prices of Rs3,000 per 40-kg for seed cotton (phutti) will...

Asian stocks surge, China’s Shanghai Composite up 3.1%, Tokyo shares climb 0.42%

Hong Kong: Asian stocks edged for the first time in four days because energy shares rebounded from the lowest level...

YoY CPI inflation declines to 3.96% from 5.8%, lowest in 11yrs since Oct 2003

KARACHI: Government decision to cut POL prices in early November by Rs9.43/litre brought CPI inflation rate down at the 11...

Conference on Afghanistan: PM Nawaz Sharif reaches London tomorrow

ISLAMABAD: The Ministry of Foreign Affairs confirmed that Prime Minister Nawaz Sharif will participate in a two-day London Conference on...

14,800 cotton bales changed hand at spot rate of Rs4,800-5,100 amid dressed trading

KARACHI: Falling world crude prices coupled with demand for lint in the world markets and rising political uncertainty in...

20,000 cotton bales change hands between Rs4600-5100, spot rate maintains at Rs4800

KARACHI: Cotton market witnessed slow trading on Monday due to political uncertainty after Imran Khan call of shutdown and depressed...

Rs19/litre cut in POL price: Growers, farmers, laymen sigh relief at govt decision

ISLAMABAD: The masses in general and the farmers and growers in particular heaved a sigh of relief and welcomed the...

KP gears up for launching Rs14b rapid bus service; project to complete in 14 to 16 months

byShazad Ahmed

PESHAWAR: The Khyber Pakhtunkhwa government claimed to have completed feasibility for launching Rs14 billion rapid bus service in the provincial...

PTI’s shut call reviewed: Traders want ‘politics’ not to hamper businesses

LAHORE: The business community has declared that they will keep their businesses open on December 4 and urged politicians to...

Pakistan forex reserves to cross $14b after disbursement of $1.1b by IMF

ISLAMABAD: Foreign exchange reserves of the country are estimated to cross $14.1bn after the proceeds of Sukuk and disbursement of...

WoW SPI inflation for lowest income group of Rs8000 decreases 0.59%, 14 items register decline

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on November 27 for the lowest income group up to...

15-20% decrease suggested: Transporters scheduled to meet amid hope for fare cut

LAHORE: In the aftermath of a considerable cut in the prices of the petroleum products, the representative bodies of passengers...

Worst traffic jam as Nawaz inaugurates 4-days IDEAS 2014

KARACHI: Prime Minister Nawaz Sharif on Monday inaugurated four-day International Defence Exhibition and Seminar (IDEAS) 2014. Though authorities have already...

Serving inflated tax notices: E&T nails 25 officials for mismanagement

LAHORE: The Punjab Excise and Taxation Department has arrested 25 officials on charges of sending inflated property tax notices to...

New car sales up by 17.4 pct in Spain with 5,122 vehicles

MADRID :Car manufacturers' association Anfac said on Monday that new car sales in Spain rose 17.4 pct year on year...

$1b Sukuk bonds at 6.75%: Russia offers $2b credit, govt to divest 26% equity in PSM: Dar

byM. Usman Tariq

ISLAMABAD: Finance Minister Ishaq Dar has reached back to Pakistan after successful launch of $1b Sukuk bond in London at...

333 cos, 36 countries: Nawaz Sharif unveils 4-day IDEAs 2014 defence exhibition