Opposition Propagating IMF Package Negatively: Hashim Jawan Bakhat
Addressing a seminar on 'Role of in Investment Promotion' and the oath-taking ceremony of Economic Journalist Association (LEJA) here, he said the would give relief to 75 per cent of consumers, besides increasing the Benazir Income Support Programme (BISP) by Rs 80 and ensuring ease for low income group in the forthcoming . Hashim ...
Stock Markets Jump On Report Of Delayed US Auto Tariffs 15 May 2019
Although stock have been whipsawed by tweets and the twists and turns of Chinese-US trade talks, they "still exhibit hope that we could see some form of emerge this current standoff," noted Joshua Mahony, senior analyst at IG trading group. Drone attacks claimed by Iran-aligned Yemeni rebels shut down one of the kingdom's main ...
Govt To Make Economy Investment Driven: Dawood
It also proposed the to eliminate regularity duties and additional customs duty on raw material so that local might be able to compete with regional and global competitors. "Custom duties on intermediary products should be reduced so that be able to quality materials, components and machinery abroad," the delegation demaned.
PSX recovers on institutional buying, regains 406 points
KEL (+7.7%), MLCF (-2.7%) and BOP (+4.7%) cumulatively contributed more than 25 million shares to the total volume. Buying was largely driven by value hunters with E&P heavyweights PPL (+5%), POL (+5%) and OGDC (+2.4%) leading the charts on back of the news that the offshore drilling near Karachi coast on Indus G-Block (Kekra-1) has finally been completed after ...
China’s retail sales growth falls to 16-year low as trade war risks rise
China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates. Overall retail sales rose 7.2% in April from a year earlier, the slowest pace since May 2003, data from the National Bureau of Statistics (NBS) showed. ...
Sales tax refund – a major issue for tractor Industry
The tractor manufacturers have urged the Federal Board of Revenue (FBR) to reduce refund claims by eliminating General Sales Tax (GST) at import stage, which are touching 1,900 million on annual basis for the industry. ?The industry has been proposing for years to abolish GST at import stage on CKD components imported by Tractor OEMs for local assembly of ...
Rise of smaller rivals throws up fresh challenge to bitcoin
Bitcoin?s weathered hacks, heists, booms and busts to reign as the king of through its first decade. Bitcoin now accounts for around 60% of the $240 billion crypto market, down from nearly 90% just over two years ago. Bitcoin has almost doubled in value this year, rallying nearly 30% in recent days to touch its highest level in ...
Losses From Oil Contamination In Druzhba Pipeline May Cost Under $100Mln - Novak
"According to my expert estimates, which have not yet been calculated, given the arisen situation that will require some kind of compensation, [the losses] be less than $100 , but we will estimate them more specifically, according to facts. "We are planning to fully restore the export of the standard quality through Druzhba Pipeline by the end ...
Kekra drilling report likely in a week
A joint venture of a consortium of four oil exploration companies, ExxonMobil, ENI, Oil and Gas Development Company and Pakistan Petroleum Limited, conducted the drill stem test round 280 kilometres away from the coast. According to the officials in the Ministry of Petroleum, the drill stem test (DST) would be completed in the next three days after which a ...
Oil prices fall as US stockpiles rise, but Middle East tensions support
fell on Wednesday after data showed a surprise rise in US crude stockpiles and as Chinese industrial output grew less than expected in April, but prices were supported by mounting tensions in the Middle East. US West Texas Intermediate (WTI) crude futures were at $61.33 per barrel, down 45 cents, or 0.7%, from their previous settlement. US crude ...
Wall Street Resumes Slide On Fears Of Weakening Economy
US manufacturing, a sector hard-hit by the trade war, fell sharply in , while retail sales that month were also unexpectedly weak, data showed, setting the US second quarter off to a somber start. "Today, we have headlines that are a poke in the eye," analyst Patrick O'Hare wrote at Briefing.com, though he added that investors might take ...
Prize bonds worth 942 billion sold till March 2019: SBP
LAHORE (Dunya News) ? State Bank of Pakistan sold prize bonds worth 942 billion till March 2019. The SBP said people invested 259 billion in prize bonds of Rs40000 while 160 billion were invested in prize bonds of Rs 25000. 174 billion wre invested in Rs15000 prize bonds and 100 bullion were invested in Rs 7500 prize bonds till ...
Alibaba Results Beat Analyst Estimates
Revenue for the January-March period rose 51 percent year on year to 93.5 ($13.6 ), a statement said, outpacing an average analyst estimate of 91.7 yuan compiled by Bloomberg . Alibaba was on Tuesday named the 's most valuable retail brand outside the US, according to rankings by global marketing and communications group WPP and ...
US Dollar down by Rs 2 after PM Imran attends high level meeting
KARACHI (Dunya News) - The US dollar down by Rs2 in the open market after gaining a peak high of Rs 146 on Wednesday following strong speculations that the local currency will depreciate further after the signing of a bailout agreement with the International Monetary Fund (IMF). A high level meeting held this afternoon at Prime Minister House Prime ...
Nord Stream 2 Operator Says Laid Over 50% Of Total Length Of Pipeline
"More than 1,200 kilometres of the two lines more than half of the total distance have already been laid," Stream 2 AG said. It is projected to deliver 55 cubic meters (1.9 trillion cubic feet) of natural annually to EU countries, running through territorial waters or exclusive economic zones of , , , and .
ECC approves Additional 150 MW Electricity To Karachi, Rs1.8m for TESCO
The ECC, which met in Islamabad on Wednesday with Prime Minister's Adviser on Finance Dr Abdul Hafeez Shaikh, also approved additional supply of 150 MW of power through National Grid to K-Electric to address power shortage in Karachi. The Committee approved additional subsidy amounting to 1.8 billion rupees to Tribal Electric Supply Company (TESCO) for the month of Ramazan ...
China's grim data, Italy's woes smother global stocks recovery
LONDON: A global equity recovery set off by softer rhetoric from US President Donald Trump on the trade dispute with Beijing waned on Wednesday as grim Chinese data and fresh Italian debt woes cast a shadow over global markets. The US dollar traded at 109.38 yen, having pulled away from Monday?s three-month low of 109.020, when trade war worries ...
German Tax Investigators Swoop In 'Offshore Leaks' Raids
Berlin, (UrduPoint / Pakistan Point News - 15th May, 2019 ):German investigators swooped on the homes of wealthy individuals and financial firms on Wednesday in nationwide dawn raids, as part of a tax evasion investigation triggered by high-profile media leaks. Officials searched the homes of eight individuals, eleven banks or saving institutes and the offices of four tax consultants ...
FPCCI, UBG welcome Tax Amnesty Scheme
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and United Business Group (UBG) Wednesday unanimously highly welcomed tax-amnesty scheme announced by Prime Minister Imran Khan and termed it a very positive step of the government to bring tax evaders under tax net by exposing their undocumented? and undeclared properties and wealth within country and abroad. While appreciating this ...
Agreement With IMF To End Uncertainty: Mian Zahid Hussain
Karachi (UrduPoint / Pakistan Point News - 15th May, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said the long-delayed agreement with IMF may help calm the markets. The veteran business leader said that after ...
