Business
Business
MQM Strike causes Rs20bn trade loss
Trading and industrial activities remained paralysed on Friday due to a mourning day observed by the Muttahida Quami Movement (MQM)…
Higher CPI to change investment climate
The rise in April’s Consumer Price Index (CPI) has been described by investors as “out of expectations” and it is…
Bill Gates will own no Microsoft stock in four years
Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he…
World Bank approves $12 billion, 5 year loan for Pakistan
The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the…
Pakistan, Turkey to form ‘working group’ in power sector
Pakistan and Turkey have agreed to form a technical working group in the energy sector to chalk out ways for…
Rs29bn shortfall in FBR’s revenue collection
The Federal Board of Revenue (FBR) witnessed a shortfall of Rs29 billion in April 2014 as an amount of Rs167bn…
Govt likely to cut custom duties on imported vehicles
The government plans to cut customs duty on import of up to three-year-old automobiles of all capacities and to withdraw…
Pakistan among world’s cheapest economies
Major findings of a new World Bank report, comparing the real size of the world economies, have bracketed Pakistan together…
Sharif in London as report by British lawmakers urges cut in aid
“British aid to Pakistan should be cut unless there is proof the funds help stop extremism, says a report by …