Economy

FBR Board approves two schemes to fetch billions

ISLAMABAD: The top policy making body of the Federal Board of Revenue (FBR), the Board in Council, on Wednesday approved two tax amnesty schemes to be launched soon followed by a whistleblowing law. The schemes would be launched as soon as the prime ...

CNG supply not restored in Lahore

LAHORE: CNG filling stations in Lahore remained shut for the fourth consecutive day in Lahore, after observing three days of scheduled gas load shedding, owing to the closure of Qadirpur Gas Field, media reported Thursday. According to sources, the C...

‘Asia must make money, not trouble’

NEW YORK: Thai Prime Minister Yingluck Shinawatra said Wednesday that Asia's emerging economies can help the troubled global economy, but warned against allowing conflict in the seas around China from derailing development. "The Asia Pacific region i...

Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asian trade Thursday on bargain-hunting but escalating turmoil in debt-wracked Greece and Spain limited gains. New York's main contract, light sweet crude for delivery in November was up 39 cents to $90.37 a barrel ...

Service structure for YD finalized

LAHORE: Punjab Government has finalized service structure for young doctors and the final round of talks in this regard will be held on September 29, media reported. According to Punjab Health Department, the provincial government has accepted 43 out...

Current power shortfall unacceptable: PM

ISLAMABAD: Prime Minister Raja Pervez Ashraf Wednesday declared the current amount of as extraordinary and unacceptable while some of the Cabinet members advised the Federal ministers Hafeez Shaikh and Dr Asim to contest elections to know the public ...

Amnesty schemes in offing to bring back billions

Unless very attractive incentives and full security provided, chances of money’s transfer to Pakistan are slim, says expert ISLAMABAD: The government is all set to launch two tax amnesty schemes in the next few weeks amid alarming reports that Pak...

Two UN agencies unites to empower women in Pakistan

UNIDO, UN Women ink deal for collaboration in Pakistan Women empowerment opportunities to be increased Islamabad: The United Nations Industrial Development Organization (UNIDO) and the United Nations Entity ...

KSE up as investors defy political row

KARACHI: Pakistani stocks ended higher on Wednesday, as investors showed more buying interest despite ongoing political uncertainty in the country. The Supreme Court has been urging Prime Minister Raja Pervez Ashraf to write a letter asking Swiss aut...

Rupee ends weaker vs USD; o/n rates flat

KARACHI: In the currency market on Wednesday the rupee ended weaker at 94.72/94.77 to the dollar compared to Tuesday's close of 94.51/94.56. Overnight rates in the money market ended flat at 10.40percent. (Reuters) ...

FBR freezes PCB account

LAHORE: Pakistan Cricket Board (PCB) and Federal Board of Revenue (FBR)’s row has once again intensified, as the latter has frozen the account of PCB over non-payment. Sources said that PCB has an outstanding amount of Rs30 million on account of with...

Oil down in Asia on US stimulus doubts

SINGAPORE: Crude fell in Asia on Wednesday as doubts over the efficacy of fresh US economic stimulus surfaced following comments from a top Federal Reserve official, analysts said. New York's main contract, light sweet crude for delivery in November ...

Rubber bullets fired at Madrid protest

MADRID: Spanish riot police fired rubber bullets and baton-charged protesters Tuesday as thousands rallied near parliament in Madrid in anger at the economic crisis, in clashes that left more than 60 people injured. Riot police in helmets charged to ...

Pak-Saudi commission meeting today

ISLAMABAD: The 9th session of Pak-Saudi Joint Ministerial Commission meeting will be held here today (Wednesday). The meeting will be Co-chaired by Makhdoom Muhammad Amin Fahim, Senior Minister for Commerce, and Tawfiq Bin Fawzan Al-Rabeea, Minister ...

20 kitchen items prices surged last week

KARACHI: The prices of twenty kitchen items surged last week ending September 22, following the hikes in petrol and CNG prices by the government that came as twin blasts unleashing miseries to the people. Pakistan Bureau of Statistics’ released data ...

NKB CEO Not Cooperating with Investigation: Tribunal

Kabul Bank's Special Tribunal's Director has introduced the CEO of the New Kabul Bank to the Attorney General Office for not cooperating with the investigation of Kabul Bank's scandal. Director Shamur Rahman Shams said he had sent a delegation to t...

Oil prices up on new Iran sanction call

SINGAPORE: Crude prices rose in Asia Tuesday after the United States, Britain, France and Germany moved to apply more restrictions and sanctions on Iran over its controversial nuclear programme, analysts said. New York's main contract, light sweet cr...

Google launches Nexus 7 tablet in Japan

TOKYO: Google said Tuesday it was launching its Nexus 7 tablet computer in Japan, aiming to take on Apple's iPad in one of the most lucrative markets in the world. The Nexus 7's 16 gigabyte model, powered by the latest generation of Android software ...

20 die in China coal-mine plunge

BEIJING: A coal mining accident in northern China Tuesday left 20 miners dead and 14 injured, state media said, in the latest incident to hit the industry. The cable of a rail carriage carrying workers into the mine in Gansu province snapped, sending...

LHC warns YDA to desist from strike

LAHORE: Lahore High Court (LHC) Tuesday warned Young Doctors' Association (YDA) to refrain from protests and strikes, media reported. While hearing the case against young doctors’ strike here, LHC Justice Ijaz ul Hassan said that when the issues were...

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