BEIJING: China’s trade deficit in services widened to US$260.1 billion last year, from $206.5 billion in 2015, the foreign exchange regulator said on Thursday. The December deficit also widened month-on-month to $26.1 billion, from $25.4 billion in November.
December’s deficit was largely due to a $24.2 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than foreign tourists in China, data from the State Administration of Foreign Exchange showed.
HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...
KARACHI: The federal government borrowed more than Rs. 4.9 trillion from commercial banks during the first eleven and a half...
LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Universal Service Fund (USF), a government-owned...
ISLAMABAD: The federal government has approved the complete abolition of Super Tax for companies whose export receipts account for more...
