Used machinery import allowed
ISLAMABAD, Oct 14: The federal government here on Monday decided to allow import of second-hand machinery aimed at boosting industrialization and job creation....
SBP eases rules for export financing
KARACHI, Oct 14: Are you an exporter of hosiery and knitwear or rice or hand-knotted carpets? If you are...then you can get concessional export financing during this fiscal year equivalent to...
OCAC meets today amid confusion: World oil prices up
KARACHI, Oct 14: The Oil Companies Advisory Committee (OCAC) meets on October 15 to announce the fortnightly price adjustment amid confusion owing to increase in average global price of crude oil...
MMA victory and investment
KARACHI, Oct 14: “We will pursue policies that would bring investment and reverse the flight of capital,” says MMA leader Qazi Hussain Ahmad....
1m tons wheat export likely
ISLAMABAD, Oct 14: Pakistan is expecting to export around one million tons of wheat during the current fiscal, but the commodity procured by Passco would be restricted for local consumption only....
Double taxation pact
ISLAMABAD, Oct 14: Pakistan and Switzerland is likely to initial on Tuesday the revise convention on the avoidance of double taxation between the two countries....
Investors play safe as post-poll scenario unclear
KARACHI, Oct 14: Stock market on Monday halted the post-election sell-off as bulls made deeper inroads in the stronghold of bears after picking up most of the leading shares at the...
New transit facility for Kabul under study
ISLAMABAD, Oct 14: Pakistan is mulling over new transit trade arrangements with Afghanistan as the bilateral trade has started improving during the last few months....
General Tyre to use CTNA trade marks
KARACHI, Oct 14: The General Tyre and Rubber Company of Pakistan Limited confirmed early this month that the company had executed a 7-year Technical Service Agreement with Continental Tire North America...
Iraq keen to buy 0.5m tons more wheat
KARACHI, Oct 14: Iraq has shown keen interest in importing another 500,000 tons of upgraded wheat of ‘hard winter’ quality from Pakistan, official sources said....
Transfer of big share to Punjab questioned: Octroi, zila tax
PESHAWAR, Oct 14: Smaller provinces have questioned the transfer of bigger chunk to a single province out of the total funds transferred annually to the federating units in lieu of octroi...
Active trading on cotton market
KARACHI, Oct 14: Active trading was witnessed on the cotton market on Monday as spinners resumed their normal covering operations after having a full view of the post-elections scenario....
ECO forum suggestions to improve trade
ISTANBUL, Oct 14: The ECO Business Forum on Monday made recommendations to achieve free trade among ECO countries, customs procedures, movement of business people, transit operations, banking and trade financing services...
FTO sets aside deputy collector order
ISLAMABAD, Oct 14: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has set aside the order-in-original passed by deputy collector adjudication, Faisalabad....
SPI depicts higher
ISLAMABAD, Oct 14: Sensitive Price Indicator jumped 0.24 per cent during the week ending October 9, over the preceding week following the increase in prices of 12 essential items, according to...
Oil price steady
LONDON, Oct 14: The price of oil held steady on Monday despite a weekend bomb attack on the Indonesia island of Bali and a warning from authorities in Jakarta that vital...
Dollar lower against leading currencies
LONDON, Oct 14: The dollar wobbled on Monday as renewed terrorism fears after the Bali bomb overshadowed a rebound on Wall Street last week, though trading was muted owing to public...
Palm oil prices
KUALA LUMPUR, Oct 14: Malaysian crude palm oil futures firmed on Monday because of short covering triggered by market-friendly crop data for September and talk of good exports for the first...
Port Qasim
KARACHI, Oct 14: Four ships carrying containers chemicals and iron ore were accommodated berths at QICT, Engro Terminal and Steel Jetty during the last 24 hours, says a PQA press release...
Shaukat assures investors
ISLAMABAD, Oct 14: Finance Minister Shaukat Aziz on Monday assured the local and foreign investors that the new democratic government will continue the economic policies adopted by the present government....