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HONG KONG: Asian markets welcomed Joe Biden’s first day as US president with broad gains Thursday as investors look forward...

Govt paid Rs5700b interest on previous loans: finance ministry

ISLAMABAD: Finance ministry said that the incumbent government has paid an interest of Rs 5700 billion on the loans taken...

Yahya Hassan Virk passes away

LAHORE: Elder brother of Mouazzam Virk, Principal Appraiser Collectorate of Customs Appraisement and Facilitation Chaudhary Yahya Hassan Virk died here...

SBP directs banks to facilitate taxpayers in e-payment of duty, taxes

KARACHI: The State Bank of Pakistan (SBP) directed banks to facilitate taxpayers in their payments of duty and taxes through...

Customs I&I submits FIR against M/s Sas Pvt Ltd & M/s Sarhad Logistics for smuggling of contraband goods

byM.B. Rana

KARACHI: Investigation officer of Directorate General, Intelligence & Investigation-Customs has submitted first information report (FIR) before the customs court against...

Pakistan’s Current Account records deficit of $662m in Dec

KARACHI: The State Bank of Pakistan (SBP) has shared monthly numbers of Balance of Payments noting current account of Pakistan...

YMA demands to abolish VAT, impose uniform WHT, removal of RD on PFY

KARACHI: Pakistan Yarn Merchants Association (PYMA), has asked the Federal Board of Revenue (FBR) to abolish 3pc value added tax...

ECNEC okays second phase of Pak-China optic fiber project at Rs37.9b

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved the Pak-China Optical Fiber Cable (OFC) Project-Phase II...

PTV delisted from privatisation plan

ISLAMABAD: The Federal Minister for Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Cabinet Committee on...

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)

Shipping activity at Port Qasim Jan 20

KARACHI: Seven ships namely, MSC Janis-3, Maersk Seletar, Rising Eagle, Galini, Gas Amazon, Elenore and Adaliah scheduled to load/offload Containers,...

Rs213m for DLTL payments of non-Textile sector approved: Razak Dawood

ISLAMABAD: Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood has said that Rs213 million for DLTL payments...

Gas disconnections, NKATI calls catastrophe for the industries

KARACHI: Faisal Moiz Khan, President North Karachi Association of Trade & Industry (NKATI), strongly opposed the decision of the Power...

US dollar sold at Rs160.9 in Pakistan on Jan 20

KARACHI: The buying rate of the US dollar was Rs160.3, while its selling rate was Rs160.9 on Wednesday, January 20....

Prosperity of farmers top priority of present govt: Syed Hussain Jehania Gardezi

MULTAN: Punjab Agriculture Minister Syed Hussain Jahania Gardezi said that uplift of agriculture sector and prosperity of farmers was among...

Zubair Motiwala for out of turn release of IT refunds to small traders, SMEs

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala has stressed...

Asia markets mostly up on hope for Biden recovery agenda

HONG KONG: Asian investors pushed markets higher again Wednesday as they await the swearing-in of Joe Biden, while they have...

Gold price increases Rs300 to Rs112,850 per tola

ISLAMABAD: The price of 24 karat per tola gold increased by Rs300 on Tuesday and was sold at Rs112, 850...

Tax collection from motor vehicle registration enhances by 62pc

ISLAMABAD: Advance tax collection from registration of new motor vehicles has surged by 62 percent during first half (July –...

SBP to announce monetary policy on Friday