OPPO Pakistan has planned to export 5 million mobile phones per annum, says CEO George Long. OPPO wants to establish a research and development centre for transfer of technology and skill development of IT professionals in Pakistan. OPPO is optimistic about exporting locally manufactured sets from the country, the CEO adds.ISLAMABAD: OPPO Pakistan has planned […]
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KARACHI: As the deadline to file income tax returns nears, businessmen have urged the Federal Board of Revenue to extend the date to file by two months to facilitate the business community, according to report in The News published Wednesday.Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo demanded FBR […]
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The price of Brent crude oil jumped Tuesday above $80 for the first time in almost three years on expectations for surging demand and concerns about supplies as the world slowly emerges from the pandemic crisis. With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have […]
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Equity Asian markets rose Monday following a broadly positive lead from Wall Street, while investors kept a nervous eye on developments in the crisis at troubled Chinese property giant Evergrande as it teeters on the brink. Hong Kong was among the best performers on bargain-buying after suffering a blow-out last week, though traders were still […]
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Asian markets fell Monday in holiday-thinned trade, dragged by a range of issues including the Federal Reserve’s plans to taper monetary policy, surging Delta infections, China’s regulatory crackdown and signs of a slowdown in the global recovery. Hong Kong again led the losses on growing fears about the possible collapse of troubled property giant China […]
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The Ministry of Plannning, Development and Special Initiatives mulled over a plan to build a large-scale LNG terminal with a network of pipelines at the Gwadar port along with a truckload facility. The meeting of the Pak-China Relations Steering Committee, chaired by federal minister Asad Umar, also discussed the possibility of investment by the private […]
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ISLAMABAD The government unveiled the “Meri Gari Scheme” on Friday, according to ARY News, in an effort to help the general public. 2.Important Scheme Reduced Taxes: The government has made reductions on sales tax from 17% down to 12%. 5% on small cars. This therefore will imply that the total cost of these cars will […]
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KARACHI: Finance Minister Shaukat Tarin has said that 9 per cent growth in the large scale manufacturing (LSM) along with robust services sector performance enabled the country post 3.94 per cent GDP growth in the first nine months of the current fiscal year. Unveiling the Pakistan Economic Survey 2020/21 on Thursday, Tarin said that the […]
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Pakistan stock market (PSX) 100-index at the closing time of the first day of the trading week gained 90 points as share prices rose to new highs 48,302 which is highest in the last four years and two months. The total trading business at the closing time of the PSX was Rs930 million shares worth […]
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The State Bank of Pakistan (SBP) has released on Sunday a clarification on the media debate over GDP growth estimations being cited by the National Accounts Committee (NAC) noting underway strong economic recovery already highlighted in its quarterly reports.In a set of tweets published by the central bank via its official handle say that the […]
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