KARACHI: Dr. Reza Baqir, governor of the State Bank of Pakistan (SBP), said on Wednesday that reforms introduced to address macroeconomic challenges have begun to bear fruit and an improvement in the external sector has become visible. He made these comments during an interactive session with the members of the Chamber of Commerce and Industry […]
ISLAMABAD: The next meeting of the Financial Action Task Force (FATF) is scheduled to be held in Paris from October 12 to 15 and Pakistan has already prepared its compliance report, which will be presented by the Minister of Economic Affairs Division, Hammad Azhar. The Pakistani delegation plans to leave for France on October 13,
ISLAMABAD: The controversy over the appointment of a new envoy to Sri Lanka has not only caused diplomatic shame in the country, but has also exposed the defective procedure for the appointment of retired military officers in ambassadorial posts. In a statement issued on September 30, the Foreign Ministry said Prime Minister Imran Khan had
KARACHI: Hyundai Nishat Motors Private Ltd (HNMPL) will begin assembling the Porter H100 truck locally with 20{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} indigenization starting in January next year, the company announced Tuesday. The company also opened its 3S dealership and digital showroom in the city and introduced the Hyundai Ioniq Hybrid car. Speaking to journalists after opening the showroom, HNMPL's
ISLAMABAD: Australia has refused to offer preferential market access to Pakistan because the country has a very limited basket of marketable goods and services. The formal demand to start negotiations on a free trade agreement (FTA) covering goods, services and investments between the two countries was made Tuesday at a meeting with senior Australian officials
ISLAMABAD: The Federal Minister of Maritime Affairs, Ali Haider Zaidi, announced that the government has granted a tax exemption to the China Holding Company of Overseas Ports (COPHC) for 23 years to facilitate the establishment of its industrial units in the Port from Gwadar. Accompanied by COPHC Executive President Zhang Baozhong and Economic Affairs Minister
ISLAMABAD: Judge Umar Ata Bandial has said that the sinister inference that can be drawn from the presidential reference against a judge in the exercise of the Supreme Court will not only harm this judge but also the entire institution of the judiciary. Judge Bandial approved these comments as he addressed an SC bank throughout
WASHINGTON: US President Donald Trump threatened to "destroy and completely destroy" the Turkish economy on Monday if Turkey took any action it considered "out of bounds" after its decision to withdraw US forces from northeastern Syria. The withdrawal, announced by the White House on Sunday night, was quickly condemned by a bipartisan group of lawmakers
WASHINGTON: "We have to remind the cashmere that they are not alone in the world," says Kamala Harris, one of the leading Democratic candidates for the US presidential elections in 2020. “We are tracking the situation. It is necessary to intervene if the situation demands it, ”he said in a recent statement. His comments are
ISLAMABAD: The Federal Revenue Board (FBR) has issued up to 134,848 notices to people with high net worth across the country to convince them to file an electronic income tax return for 2019. The notices were issued to persons not registered by the respective dedicated areas of the Tax Base Extension (BTB) created in the
