Import of used cars may fall by 50pc
KARACHI, Oct 24: Some 7,000 used cars have been imported under various schemes during the last four months. Dealers, however, predict a fall in import of used cars in the current...
Infrastructure tax collection through Care in a month
KARACHI, Oct 24: In a bid to expedite the collection of infrastructure tax (inf tax) the Sindh government is to join hands with the Customs to benefit from the modern Care (Customs Administrative Reforms) system....
Oil price rises above $59
LONDON, Oct 24: Oil rose above $59 a barrel on Tuesday after the United Arab Emirates told buyers it will cut exports next month, tempering scepticism that Opec members will implement pledged cutbacks....
Ukraine, Russia reach gas price agreement
KIEV, Oct 24: Ukraine and Russia reached an agreement on Tuesday on a compromise gas price, Russia''s ambassador said, opening the way to reduce tensions between the two countries and an...
China banking watchdog warns of risks resurface
BEIJING, Oct 24: China''s top banking watchdog warned on Tuesday that risks in the banking sector will "resurface" and lenders have to step up controls to rein in bad loans in the coming months....
Indian exports surge 37pc
NEW DELHI, Oct 24: India’s exports in the first six months of the current fiscal year rose 37 per cent to $59.32 billion as against $43.22...
UK factory orders crumble
LONDON, Oct 24: British factory orders crumbled unexpectedly in October as a slowdown in the US economy hit export demand, raising concern the sector''s impressive performance for much of this year may have come to an end....
Cancellation of licences
MOSCOW, Oct 24: Russian environmental prosecutors are considering cancelling licences for 17 oil companies, including a subsidiary of state oil firm Rosneft, a top environmental official said on Tuesday.“Cases...
OIC adopts action plan to boost cotton trade
RIYADH, Oct 24: The Organisation of the Islamic Conference has adopted a five-year action plan to enhance the share of cotton producing Islamic countries in the global cotton trade....