Rules for import of used cars issued
ISLAMABAD, Aug 5: The Central Board of Revenue (CBR) on Saturday issued new rules for regulating the import of used cars by overseas Pakistanis apparently to discourage the import of vehicles to provide protection to the local manufacturers....
Venezuela advocating ‘fair price’ for oil
RIYADH, Aug 5: Venezuelan President Hugo Chavez is once again generating ripples in the already stormy energy markets. He is apt at doing so and probably enjoys that too....
BD package may hurt Pakistan’s textile exports
KARACHI, Aug 5: Pakistan’s textile and clothing exports are likely to receive another setback as a Bangladesh task force has recommended new package of incentives that includes tax holidays to make its textile industry more competitive....
Farm research must to ensure food security
ISLAMABAD, Aug 5: Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Khan Bosan on Saturday said the government was according high priority to agriculture research and development to meet the...
CBR to change its perception
ISLAMABAD, Aug 5: Chairman Central Board of Revenue (CBR) Abdullah Yousuf said on Saturday the revenue department was striving hard to change the whole perception of the tax collecting departments from...
Commissioners of appeal, collectorate size cut
ISLAMABAD, Aug 5: The Central Board of Revenue has decided to further abolish five commissioners of appeal and one adjudication collectorate following a massive reduction in litigation cases.The...
FTA with Thailand next year
ISLAMABAD, Aug 5: Pakistan and Thailand will conclude a free trade agreement (FTA) by the end of the current fiscal year....
New bank begins operations
KARACHI, Aug 5: A new scheduled bank on Saturday started its operations in the country. “The State Bank of Pakistan is pleased to declare Arif Habib Rupali Bank Limited as a...
Rs90.89m loans for students
KARACHI, Aug 5: A sum of Rs90.898 million has been allocated as interest free loans for deserving students for higher studies....
CFS rates show modest increase
KARACHI, Aug 5: After remaining static for the last couple of week, CFS rates on the Karachi Stock Exchange showed a modest rise at 15.7 per cent as compared to 14.4...
Spinners and ginners locked in price war
KARACHI, Aug 5: Quieter conditions prevailed on the cotton market on Saturday, as spinners and ginners remained locked in a price war on reported pressure on new crop supplies....
Sugar mills workers re-employed
KARACHI, Aug 5: About 1,500 to 1,700 jobless workers of Dadu Sugar Mill and Thatta Sugar Mill were re-employed this week by the Sindh government. The workers were rendered jobless after the state-owned mills became sick about eleven years ago....
Gas output
BEIJING, Aug 5: China National Offshore Oil Corp (CNOOC) said on Saturday gas production had begun from an oil and gas field in the East China Sea, a territory that is the focus of a drawn-out dispute with Japan....
Poultry rates
KARACHI, Aug 5: Following are the maximum retail rates for Sunday....
World oil prices rebound, gold higher
LONDON, Aug 5: Oil and metals prices posted strong gains this week as traders tracked tensions from the Middle East to Chile, while coffee futures reached their highest peak for more than six years in London on supply concerns....
Wall Street dips ahead of Fed meeting
NEW YORK, Aug 5: US shares ended marginally lower on Friday on profit-taking after a government report issued ahead of a crunch Federal Reserve meeting next week revealed tepid job growth in July....
India’s cotton exports may hit record 5m bales
MUMBAI, Aug 5: India''s cotton exports will hit a record 4.5 to 5 million bales in the year ended September, surging from 1 million the year before on the back of...
MoU signing
ISLAMABAD: The FPCCI will sign an MoU with Investment and Marketing International (IMI) shortly to develop the research and development department of the federation and exchange of financial and trade related information....
Karachi Port operations
KARACHI, Aug 5: Eight vessels carrying palm oil, chemicals and to load naphtha are expected to arrive at the outer anchorage on Sunday, according to KPT sources....