Businesses Urged To Urgently Open Their CDC Accounts
Out of total 600 sales tax refunds claimants, around 200 businessmen have so far opened their CDC accounts which is approximately 33 percent only, said CDC press release on Monday. CDC has already facilitated 90 businesses, who had opened their CDC Accounts, in getting Rs 7 billion sales tax refund payments through Refund Bonds. In addition to this, the ...
State Bank Of Pakistan Injects Rs 83.5 Bn Into Market
Four bids of Rs 89.5 billion were offered, of which three of Rs 83.5 billion were accepted. The rate of return accepted is 12.32 percent per annum, said SBP press release.
All 3 Legs Of Druzhba Pipeline To Become Operational Again After Oil Contamination - PERN
"Partial resumption of deliveries via the Druzhba pipeline will take place on 10 ... On 1, three legs of the pipeline will be included in the current operation," the said in a statement.
Pakistani stocks close in red ahead of federal budget
E&Ps stocks MARI (-3.56%), OGDC (-2.29%), POL(-5.00%) and PPL (-4.13%) closed in red. E&Ps and Cements were the major laggards today where DGKC (-4.6%), PIOC (-4.1%) and FCCL (-3.9%) were the major laggards whereas LUCK (-2.6%) closed in the red as well. OGDC (-2.3%) and PPL (-4.1%) ended negative whereas POL (-5%) closed limit down as the International oil ...
‘Govt’s real task is to end parallel economy through structural reforms in bureaucracy’
It is not possible through temporary amnesty schemes rather it can be done through reforms in bureaucracy especially in the FBR, replacing it with an independent institution, setting it free from any influence of the government and political victimization, that can effectively enforce tax laws, strictly dealing with smuggling, custom duty evasion and black money with zero tolerance. Replying ...
Asian markets wobble as US, China trade jibes over trade
South Korea?s Kospi rose 1.3% to 2,067.85 after Samsung Electronics? Vice Chairman Lee Jae-yong met with top executives of the company to discuss strategy as it weathers slowing demand for computer chips and smartphones and the repercussions of the trade conflict between Beijing and Washington. China released a ?white paper? report Sunday that blamed the conflict on the Trump ...
Another proud moment for Pakistan and PIA pilots
At the 74th conference of the International Federation of Air Line Pilots? Associations (IFALPA) held recently in Berlin, focusing on unity of pilots, a Pakistan Airlines Pilots Association (PALPA) delegation submitted the delegate?s report on behalf of the Indian delegation who awarded their proxy vote to Pakistan. He said, ?It is good to see that in a situation where ...
Goldman Sachs sees oil prices steadying at current level
Crude oil prices are likely to remain steady around current levels, as growing macro uncertainties, rising US output and large availability of core OPEC nations’ spare capacity will offset supply constraints from Iran and Venezuela, Goldman Sachs said. The United States spooked markets worldwide with oil supply worries last month after it reimposed trade sanctions on Iran, one of the major ...
Philippines’ May annual inflation seen at 17-month low
Consumer price inflation is forecast to have slowed to 2.9 percent in May, lower than April?s 3.0 percent but within the central bank?s 2.8-3.6 percent projection for the month. If the forecast proves to be correct, it would be the first time since December 2017 that inflation has fallen below 3.0 percent, the midpoint of the central bank?s 2 ...
US Manufacturing Slows Further In May Amid Trade Disputes
The report by the Institute for Supply Management still showed positive activity but an official with the group described the situation as "near-zero growth" and warned that President 's announcement last Thursday of fresh tariffs on could have a big negative impact. "As long as demand remains strong, you can work through the rest of the issues," said ...
Amount Of Compensation Due To Oil Contamination In Druzhba Not Discussed - Energy Ministry
He said the talks involved " parties": Transneft and operators of Druzhba sections in other countries, major companies, including Rosneft, and European recipients, including 's Orlen and 's Total.
Clean Oil Via Druzhba Pipeline To Reach Polish Border On June 9 - Russia's Sorokin
"We have the the 9th [June] as next reporting , that's when the clean should reach the between and ," Sorokin told reporters. "And on the 10th, we expect that there will be a technical opportunity to ensure its flow to Adamova Zastava. Up to this date, we expect that interested parties will finalize or at least ...
Russia Cut Oil Output By 317,000 Bpd In May On Oct 2018 Levels - Novak
Novak said significantly exceeded its obligations in under the OPEC-non-OPEC deal, according to which the country had pledged to cut production by 228,000 barrels per day the level. "Within OPEC-non-OPEC, in is at the level of reducing production by 317,000 barrels per day relative to . In , intends to fully ...
Poland's Orlen Says Russia's Transneft Pledged To Compensate For Druzhba-Related Losses
"The Polish side received a declaration that Transneft will transfer compensation to producers to cover claims sent to them by recipients (including Orlen)," the said.
Toyota, Fiat Chrysler US sales rise in May
Fiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in US sales in May, as a strong economy and upbeat consumer sentiment fueled demand. 4 automaker in the United States, reported a 2.1pc rise in sales to 218,702 vehicles, as demand for both light- and heavy-duty pickup trucks remained strong. ?On a year-over-year basis we ...
Bank of America adds human option to enhance robo investment offerings
Bank of America Corp is rolling out a new wealth management product that combines automated portfolios with human advice, becoming the latest brokerage to seek to boost business by blending digital with personalized financial planning. Merrill Guided Investing, which uses recommendations from the wealth management chief investment office, requires a $20,000 minimum investment for access to a financial adviser ...
US Treasury seeks 5-yr note large position reports
WASHINGTON: The US Treasury on Monday asked for large position reports from holders of a 5-year Treasury note due in 2024, in a bid to gather information about the secondary market for Treasuries. All entities holding at least $4.1 billion in the Treasury notes, which are due on April 30, 2024, will need to submit reports on their holdings, Treasury said. Only ...
Latvia Wants To Develop Economic Relations With Russia - Foreign Minister
sees a potential in strengthening economic ties between our countries' regions," Rinkevics said after a meeting with Deputy Foreign Minister Alexander Pankin.
OPEC-Non-OPEC Must Push Down Oil Stocks To Ensure Market Stability - Saudi Energy Minister
MOSCOW (UrduPoint News / Sputnik - 03rd June, 2019) Participants of output cut deal, which includes the Organization of the Petroleum Exporting Countries (OPEC) and some non-cartel producers, must reduce commercial reserves to support stability beyond , Energy Minister Khalid Falih said in an interview. At the upcoming meetings of OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) ...
Romania central bank’s FX reserves fall to 32.8bn euros in May
BUCHAREST: The Romanian central bank?s foreign exchange reserves, excluding 103.7 tonnes of gold, fell by 856 million euros to 32.8 billion euros ($36.66 billion) in May, the bank said on Monday.
