FBR fixes 30 to 50 pc regulator duties on sports products
The Federal Board of Revenue has levied regulatory duty on import of various sports products, ranging from 30 percent...
Finance Division directed to work with WB to ensure correct economic reporting
Finance Minister, Senator Muhamamd Ishaq Dar has directed the Finance Division to proactively work with the World Bank (WB)...
A controversial member of Qatar’s royal family said Saturday that Qatari authorities have frozen his bank accounts over his...
FBR fixes 30 to 50 pc regulator duties on sports products
The Federal Board of Revenue has levied regulatory duty on import of various sports products, ranging from 30 percent to 50 percent. According to FBR, the regulatory duty of articles and equipments for table tennis has been fixed at 50 per cent, lawn tennis rackets, whether or not strung... Read more
Finance Division directed to work with WB to ensure correct economic reporting
Finance Minister, Senator Muhamamd Ishaq Dar has directed the Finance Division to proactively work with the World Bank (WB) to ensure correct reporting of economic data. Chairing a meeting at the Ministry of Finance, the Finance Ministry also directed to ensure timely and effective implementation of the various ongoing... Read more
A controversial member of Qatar’s royal family said Saturday that Qatari authorities have frozen his bank accounts over his role in Doha’s crisis with its neighbours. “The Qatari regime has honoured me by freezing all my bank accounts,” Sheikh Abdullah bin Ali Al-Thani tweeted. Saudi Arabia, the United Arab... Read more
Pakistan, Russia cooperation in various sectors a step towards strengthening of bilateral ties: PM
Prime Minister Shahid Khaqan Abbasi on Friday said that Pakistan–Russia cooperation in various sectors was a step towards strengthening of bilateral relations. The prime minister was talking to Yury P. Sentyurin, Deputy Minister of Energy of the Russian Federation, who called on him at the PM Office. The prime... Read more
EU-Pakistan joint commission and its sub-groups met this week
The 8th meeting of the EU-Pakistan joint commission and its sub-groups on Governance and Democracy; Trade; and Development Cooperation was held in Brussels this week. According to a foreign office statement issued here today, two sides welcomed the continued growth in their broad-based relationship. Noting with appreciation the implementation... Read more
Overseas Pakistanis remit $4.8bn in first 3 months of FY18
The overseas Pakistani workers remitted US $4,790.01 million in the first three months (July to September) of the fiscal year 2018 (FY18), compared with US $4,740.37 million received during the same period in the preceding year, the State Bank of Pakistan (SBP) said in a statement. The SBP said... Read more
‘Nudge’ theorist Richard Thaler wins Nobel economics prize
US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday. Thaler brought to prominence the idea of “nudge” economics, where humans are subtly... Read more
Chinese furniture manufacturers’ delegation visiting Pakistan from tomorrow
A high level 4-member Chinese furniture manufacturers delegation is scheduled to visit Pakistan for three-days from 10 October (Tuesday) to tap new prospects of mutual investment in the field of furniture industry and further strengthen the existing bilateral trade relations with Pakistani counterparts. The Chinese delegation is visiting Pakistan... Read more
‘Nudge’ theorist Richard Thaler wins Nobel economics prize
US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday. Thaler brought to prominence the idea of “nudge” economics, where humans are subtly... Read more
US to sell $15bn THAAD missile defense to Saudi Arabia
The US government has approved the sale to Saudi Arabia of the advanced Terminal High Altitude Area Defense (THAAD) missile defense system for $15 billion, the State Department said Friday. “This sale furthers US national security and foreign policy interests, and supports the long-term security of Saudi Arabia and... Read more
Netflix raising subscription prices
Netflix on Thursday said it is bumping up subscription prices in the US and parts of Europe as the leading online streaming service invests in more shows and features. Shares of the Silicon Valley-based company jumped more than four percent to $192.44 in trading following news of the relatively... Read more
Google launches new phones, speakers in hardware push
Alphabet Inc’s Google on Wednesday unveiled the second generation of its Pixel smartphone along with new voice-enabled home speakers, redoubling its commitment to the hardware business as it competes with a surge of devices from Apple Inc and Amazon.com Inc. Google’s new products, including a Pixelbook laptop, wireless earbuds... Read more
POL discovers largest oil, gas reserves
Pakistan Oilfields Limited (POL) had discovered one of the largest oil and gas reserves from its Jhandial well (Punjab) in last five years. Jhandial well is located in Ikhlas Block in Northern Potwar, about 83 kilometers Southwest of Islamabad in District Attock said an official. POL holds 80% share... Read more
Oil falls more than 2 percent on signs of higher output
Oil fell more than $1 a barrel on Monday as a rise in US drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years. Iraq announced its exports rose slightly in September while a Reuters survey showed... Read more