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Category: Business

Dollar up in Asia but gains capped by rate-hike doubts

TOKYO: The dollar rose against most Asian currencies Friday but its gains were capped by doubts about the chances of a US interest rate hike this year. Speculation that...

Financial Inclusion & Entrepreneurship to be tabled at SME Forum 2016 on 23 Aug

Islamabad (PR): The 10th Pakistan SME Forum 2016 organized by SHAMROCK Conferences International will be held on August 23, 2016 at the Pearl-Continental Hotel, Karachi....

Mango exports to reach $200m in two years

KARACHI: Mangoes are fetching a price of $600-700 per tonne (FOB) in various foreign destinations this current season compared to $400-500 shipped last year. Waheed...

Number of people paying tax voluntarily remains meagre

ISLAMABAD: Only one-third of the potential taxpayers who were issued notices by the Federal Board of Revenue (FBR) voluntarily filed their tax returns during the last...

HBL declares record profit of Rs 16 billion

Karachi, (PR): HBL today declared a consolidated profit after tax of Rs16.0 billion for the first half of 2016, with earnings per share rising to Rs10.86. Along with the...

‘Pakistan’s Geographical Indication protection law long overdue’

KARACHI: The much-awaited draft Geographical Indication (GI) Bill 2016 was presented by the Intellectual Property Organisation (IPO) on Thursday before relevant...

LPG quota system abolished but for two firms, PAC told

ISLAMABAD: Except for two private companies, the quota for liquefied petroleum gas has been abolished by the Oil and Gas Development Company (OGDCL) for all entities...

Tokyo shares slip as strong Yen hits exporters

TOKYO: Tokyo shares slipped Thursday morning as fading expectations of an imminent Federal Reserve rate hike sparked a yen rally, hitting exporters including Toyota and...

FBR, SECP reluctant to probe offshore investments

ISLAMABAD: Despite the lapse of over four months, the country’s tax machinery is still reluctant to obtain information about Pakistani residents’ investment in...

NA committee clears draft bill prohibiting benami transactions

ISLAMABAD: The National Assembly Standing Committee on Finance on Wednesday approved the draft ‘Benami Transactions (Prohibition) Act 2016’ which aims at punishing...