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ICCI hails IHC decision to annul 200pc hike in property tax
ISLAMABAD– Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry (ICCI) said that the business community on Thursday hailed the decision of the Islamabad High Court (IHC) to annual the 200 percent hike in the…
CPEC projects progressing despite COVID-19 pandemic: PCJCCI president
LAHORE – The China-Pakistan Economic Corridor (CPEC) projects have achieved major progress despite grave economic and health challenges, posed by the COVID-19 pandemic, which will help Pakistan sustain the emerging economic…
Textile sector recovered from pandemic, says NBG chief
KARACHI: Chairman of National Business Group and president Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain said textile is the first major sector which has recovered from the pandemic.
Supportive policies, timely import…
Forex reserves down by $83m
KARACHI: The total liquid foreign reserves held by the State Bank of Pakistan (SBP) decreased by $83 million to $13.216 billion during the week ended December 18, 2020.
According to the central bank the foreign exchange reserves held by…
Bank holiday on December 25 for Quaid-e-Azam, Christmas days
KARACHI: All banks and financial institutions will stay closed on Friday (December 25).
The State Bank of Pakistan, too, will remain closed.
The public holiday is on account of Quaid-e-Azam Day and Christmas, a statement said on…
Asian markets bounce but Trump throws stimulus grenade
HONG KONG - Asian markets mostly rose Wednesday following two days of selling, while investors appeared initially unfussed after Donald Trump called a new stimulus package "a disgrace" and told US lawmakers to amend it.
Equities and…
POL import bill contracts 22.78pc to $3.946bn in five months
ISLAMABAD – The imports of overall petroleum group declined by 22.78 percent during the first five months of the current fiscal year (FY2020-21) as compared to the corresponding period of the last year.
During the period under…
To meet FBR target, tax imposed on sale of new cars within 90 days of purchase
ISLAMABAD: The Federal Board of Revenue has decided to impose taxes on the selling of new cars within 90 days of purchase to control ‘On Money’ practice, reported.
According to details, the government has decided to impose close to…
Five-year textile policy: Facilities worth Rs950 billion proposed
ISLAMABAD – Facilities/incentives of around Rs950 billion including provision of electricity to the sector at 7.5 cents/kWh have been proposed under new five-year textile policy.
According to sources, under the draft of five-year…
Brexit trade deal between EU and UK possible on Wednesday
LONDON: A Brexit trade deal between the United Kingdom and the European Union is possible on Wednesday after progress in talks on fishing rights, ITV's political editor said, hours after tweeting that there was no chance of an accord…