Business News

Title Description Publish Date Image
India's economic slowdown puts Modi under immense pressure India´s government releases its 2020 budget on Saturday, facing stuttering growth and record unemployment and a jump in inflation that has further widened India´s wealth gap Wed, 29 Jan 2020 20:36:00 +0500 Alternate Text
State Bank keeps interest rate unchanged at 13.25% State Bank of Pakistan says continuing inflationary pressures keeping it from further lowering the interest rate Tue, 28 Jan 2020 17:14:56 +0500 Alternate Text
FBR launches countrywide campaign against tax evaders ISLAMABAD: The FBR has launched countrywide campaign against tax evaders and also filed three complaints before special judge on charges of money laundering. In a bid to comply with FATF requirements, the FBR has launched campaign against money laundering.According to details, under the directions... Sat, 25 Jan 2020 06:00:00 +0500 Alternate Text
SECP 'decides in principle' to implement new brokers regime ISLAMABAD: The Securities and Exchange Commission of Pakistan has decided in principle to implement a new regulation regime for stockbrokers to meet the pressing conditions of Financial Action Task Force , a senior official said on Friday.“The FATF has been demanding Pakistan to implement... Sat, 25 Jan 2020 06:00:00 +0500 Alternate Text
Indian housewives surprisingly contribute to economy boost with culinary skills Asia´s third-largest economy is battling a slowdown so sharp it is creating a drag on global growth, the International Monetary Fund said but there are some bright spots Fri, 24 Jan 2020 02:16:34 +0500 Alternate Text
TikTok inks music deal to facilitate promotions The deal between TikTok and Merlin is designed to help facilitate the use of the short-form video service for promotions Fri, 24 Jan 2020 00:14:58 +0500 Alternate Text
US dollar falls by Rs0.10 against Pakistani rupee The US dollar was traded at Rs154.56, as compared to the last day's trading of Rs154.66 Fri, 17 Jan 2020 19:20:00 +0500 Alternate Text
China´s economy pace slackens to slowest in three decades China is the world´s second-largest economy that grew by 6.1 percent last year, its worst performance since 1990, according to the National Bureau of Statistics Fri, 17 Jan 2020 08:02:13 +0500 Alternate Text
Reckitt Benckiser gets new CEO KARACHI: Reckitt Benckiser, a global leader in consumer health and hygiene, has appointed Kashan Hasan as the new chief executive officer for its Pakistan business, a statement said on Wednesday.Kashan has been associated with Reckitt Benckiser for the last 12 years, serving in various successful... Thu, 16 Jan 2020 06:00:00 +0500 Alternate Text
Unilever Pakistan announces change in leadership with new CEO's appointment Amir Paracha, Vice President for Customer Development and Sales Pakistan, has been appointed as the new CEO of the company Wed, 15 Jan 2020 22:01:07 +0500 Alternate Text
ADB, Norway to extend support to NDRMF Norway will provide $5 million to NDRMF from the unused resources of the Pakistan Earthquake Fund, while ADB will assist the NDRMF Wed, 15 Jan 2020 15:41:00 +0500 Alternate Text
Razak Dawood blames business community for growing inflation Pakistan's moving towards stability and this is the last installment we have taken from IMF, the advisor said Sat, 11 Jan 2020 20:36:00 +0500 Alternate Text
Global economy will grow by 2.4pc this year: World Bank In its report, the World Bank said global economy will grow by 2.4 percent this year, just one tenth more than 2019 but slower than the 2020 forecast released in June Thu, 09 Jan 2020 02:26:47 +0500 Alternate Text
Oil spike declines as Trump offers peace to Iran Texas crude oil WTI, already dropping before Trump spoke, sharply extended its losses to fall under $60 per barrel and Brent crude shed 3.7 percent to $65.78 Wed, 08 Jan 2020 22:55:00 +0500 Alternate Text
US stocks edge up as Iran tensions deflate after Trump speech Wall Street's response suggested investor relief, an analyst said, but true judgement would come after assessing economic damage Wed, 08 Jan 2020 22:07:46 +0500 Alternate Text
US remains top export destination of Pakistani products: SBP The total exports to the USA during July-November (2019-20) were recorded at $1744.415 million Wed, 08 Jan 2020 17:43:00 +0500 Alternate Text
US-Iran conflict sparks concern among analysts over Middle East oil supplies Traders remain fearful that Tehran could seek to block the Hormuz waterway Wed, 08 Jan 2020 14:37:00 +0500 Alternate Text
Iran attacks hit financial markets In commodity markets, global benchmark Brent crude futures shot back above $70 per dollar to their highest level since mid-September in the initial hours after Iran’s strikes Wed, 08 Jan 2020 11:03:00 +0500 Alternate Text
US stocks slump amid geopolitical uncertainty Stocks have been choppy since the killing of Qasem Soleimani, slumping on Friday and early Monday before pushing into positive territory late in the session Wed, 08 Jan 2020 03:06:24 +0500 Alternate Text
China starts lifting restrictions on foreign investment From the start of 2020, foreign banks can now set up wholly-owned branches in China without a local partner holding the majority stake Tue, 07 Jan 2020 23:22:00 +0500 Alternate Text
Saudi Aramco bears the brunt of US-Iran conflict Gulf bourses were hit by a panicky sell-off amid Iranian vows of retaliation for the US strike that killed Soleimani Tue, 07 Jan 2020 23:08:00 +0500 Alternate Text
Crude and gold extend gains, stocks sink on fear of US-Iran war Equity markets tracked losses on Wall Street, where the three main indexes fell from record highs Mon, 06 Jan 2020 13:07:00 +0500 Alternate Text
Mini-budget on cards Pakistan’s imports have declined to the tune of $6 billion so far, and with this new realities are emerging on the economic front of Pakistan. The country will likely readjust policies over short to medium-term. With the changing security environment in the aftermath of the killing of Iranian general in Baghdad, international oil prices might escalate, posing another threat to the import-dependent countries like Pakistan. Economic volatility will thus increase further. Mon, 06 Jan 2020 00:00:00 +0500 Alternate Text
Oil surges after Iran's top general killed in US strike Global stock markets were mixed following the US killing of Qasem Soleimani, oil prices jumped more than three percent Sat, 04 Jan 2020 04:52:35 +0500 Alternate Text
Oil prices spike after Iranian general killed in US airstrike Brent oil surged 4.5 percent in the London morning and WTI jumped 4.1 percent Fri, 03 Jan 2020 22:38:36 +0500 Alternate Text
E-car sales in Norway reach new record high Norway, a major oil producer that has pioneered electric mobility, offers a very advantageous tax regime for clean vehicles, making them highly competitive in cost terms against petrol and diesel vehicles. Fri, 03 Jan 2020 20:08:04 +0500 Alternate Text
Port Qasim Customs Collectorate's revenue up 23.2pc over last year The total collection for July-December stood at Rs328.3 billion as against the target of Rs307.2 billion Wed, 01 Jan 2020 17:08:46 +0500 Alternate Text
FBR issues SRO to launch Phase-II of Pak-China FTA FBR said the SRO was developed in consultation with commerce ministry Wed, 01 Jan 2020 12:47:00 +0500 Alternate Text
First batch of China-made cars delivered by Tesla Tesla plans to begin large-scale deliveries of China-made Model 3 sedans next month, said the firm's China general manager Mon, 30 Dec 2019 18:40:00 +0500 Alternate Text
Dubai plans record spending to revive flagging economy The Gulf city state expects revenues too to rise sharply next year as it hosts Expo 2020, the global six-month trade fair set to open on October 20. Sun, 29 Dec 2019 18:22:59 +0500 Alternate Text
'Pakistan pavilion' opened in Yiwu to boost imports of Pakistani products to China China has twice organized import exhibitions in Shanghai during the last two years as it wants to import quality products from different countries including Pakistan Sun, 29 Dec 2019 16:31:46 +0500 Alternate Text
Musk says Boring Co's Las Vegas tunnel to 'hopefully' be operational next year Musk seeks to revolutionise transportation by sending passengers packed into pods through an intercity system of giant, underground vacuum tubes Sat, 28 Dec 2019 21:13:00 +0500 Alternate Text
Pakistan's debt falls by 3.3% of GDP: IMF A recently published report on Pakistan by International Monetary Fund (IMF) said that this decline in debts was mainly driven by Pakistan government's smart performance in reducing expenditures, registering primary budget surplus and increasing tax and non-tax revenues during the first five months of current fiscal year. Fri, 27 Dec 2019 19:54:00 +0500 Alternate Text
Pakistan receives IMF's second tranche of $454 million IMF after approving the second tranche last Friday had said Pakistan's programme was on track and had started to bear fruit Thu, 26 Dec 2019 19:21:00 +0500 Alternate Text
KSE-100 Index records gain of 799 points Shares of 359 companies were transacted, out of which 258 recorded gains and 84 sustained losses Thu, 26 Dec 2019 18:53:00 +0500 Alternate Text
US stocks close in positive zone over improved US-China trade outlook Investors have been in a cheery mood most of the fall as the outlook for US-China trade talks improved, reducing uncertainty, and most economic reports have been good. Wed, 25 Dec 2019 00:31:47 +0500 Alternate Text
Markets wobble as traders wind down for Christmas Traders' screens twinkled red and green on Monday as global stock markets wobbled on Monday in a muted start to a holiday-shortened trading week, with many investors already away from Christmas Mon, 23 Dec 2019 19:54:00 +0500 Alternate Text
Japan hires more skilled workers from Pakistan, MoU to be signed on Monday The MoU will enable Pakistanis to work in 14 sectors of Japan, including construction, information technology, nursing, manufacturing, engineering and others Fri, 20 Dec 2019 21:15:00 +0500 Alternate Text
Hammad Azhar lauds government for decreasing current account deficit significantly The minister credited the government for its 'tireless efforts' in bringing out the economy from shambles Fri, 20 Dec 2019 20:00:00 +0500 Alternate Text
Uber suffers fresh legal setback in Germany The ban is effective immediately but can still be appealed Thu, 19 Dec 2019 23:39:00 +0500 Alternate Text
No-deal Brexit concerns trigger sterling slack The British currency had surged late last week after Johnson´s governing right-wing Conservative Party clinched a landslide general election victory. Wed, 18 Dec 2019 03:46:30 +0500 Alternate Text
FBR working to curb under invoicing of imports, says Shabbar Zaidi FBR seeks the support of business community including Chamber of Commerce Tue, 17 Dec 2019 23:47:04 +0500 Alternate Text
French hoax costs Bloomberg 5 mn euros in fines The financial markets watchdog (AMF) said Bloomberg distributed "information that it should have known was false". Tue, 17 Dec 2019 00:48:16 +0500 Alternate Text
Govt releases over Rs80m for textile sector development projects Planning and development ministry has so far given the authorisation to release Rs81.132 million for various textile projects Tue, 17 Dec 2019 00:45:00 +0500 Alternate Text
Throngs of shoppers line up for deals on Free Shopping Day Throngs of shoppers line up for deals on Free Shopping Day Sat, 14 Dec 2019 21:59:14 +0500 Alternate Text
Mexico, Canada sign deal finalizing USMCA trade pact The United States, Mexico and Canada signed a deal Tuesday finalizing their new trade agreement after more than two years. Wed, 11 Dec 2019 00:42:36 +0500 Alternate Text
ADB approves loans worth $1.3 billion for Pakistan The ADB approved $1 billion in immediate budgetary support to Pakistan to “shore up the country’s public finances” and help strengthen a “slowing economy” Fri, 06 Dec 2019 11:26:00 +0500 Alternate Text
25 billion reasons: Why Saudi is listing its crown jewel The oil-rich kingdom has put a value of $1.7 trillion on Aramco as it prepares to sell 1.5 percent of the company to fund its "Vision 2030" economic transformation plan. Fri, 06 Dec 2019 00:47:18 +0500 Alternate Text
Huawei files petition to overturn 'unlawful' US subsidy ban Huawei´s petition said the ban -- imposed last month against the company and its Chinese rival ZTE on national security grounds -- failed to substantiate claims that Huawei was a threat and was a violation of due process. Thu, 05 Dec 2019 07:45:16 +0500 Alternate Text
Asian markets tumble as Trump flags delay to trade deal Investors were already on edge after the US reimposed stiff tariffs on Argentina and Brazil citing currency manipulation, then threatened to hammer France with 100 percent levies over the country´s digital tax. Wed, 04 Dec 2019 07:56:31 +0500 Alternate Text