Business

Business

“Western sanctions violate WTO principles”: Russian President Putin

Russian President Vladimir Putin yesterday lambasted the European Union and the United States for violating basic World Trade Organisation principles…

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Ebola ‘fear factor’ risks economic catastophe: World Bank

The World Bank warned yesterday  that fear of the deadly Ebola virus is choking off economic activity in West Africa…

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“Economy may suffer from political impasse”: ADB

Asian Development Bank (ADB) President Takehiko Nakao warned yesterday that the ongoing political impasse could damage Pakistan's recently stabilised economy,…

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Power sector debt to PSO increases to Rs186bn

Pakistan State Oil (PSO) receivables from power sector are Rs186 billion, according to Managing Director Amjad Pervaiz Janjua. “Actually it…

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Liquidity crunch responsible for poor response to T-bills auction

The poor participation of banks in treasury bills auction on Wednesday revealed that they are out of cash, particularly because…

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Opec expected to lower output target

Opec’s secretary general said he expected the group to lower its oil output target when it meets in late November,…

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New global plans for crackdown on corporate tax avoidance

Plans for a major rewriting of international tax rules unveiled yesterday could eliminate ristrictions that have allowed companies like Google…

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“ADB to support Bhasha dam project”: ADB President Takehiko Nakao

The Asian Development Bank (ADB) has said that despite its limited financing capacity it would support the Diamer-Bhasha dam to…

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Bulls make cautious return as stock up by 110 points in volatile trade

Stocks continued to climb on Tuesday with the KSE-100 index adding another 110.17 points or 0.37 per cent to close…

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