Business

ISLAMABAD: A meeting of the Economic Coordination Committee of the Cabinet (ECC) was held here today under Finance Minister, Asad Umar, in the chair. The ECC approved the proposal of Communication Division to provide Technical Supplementary Grant amounting to Rs.500 million for the construction of Additional Carriageway on Torkham-Jalalabad Road...

KARACHI: Pakistani Rupee continue to depreciate against US Dollar in the interbank market as Government entered in the final stage with the International Monetary Funds (IMF) to let the currency depreciate ahead of obtaining bailout. Pakistani Rupee is being traded at Rs 141.40 against US dollar on Wednesday, April 3...

LAHORE: Honda Atlas Cars Pakistan Limited (HACPL) has also raised the prices of their automobiles from April 1, 2019. “Owing to negative exchange rate impacts, Honda Atlas Cars Pakistan Limited is compelled to increase the prices of Honda cars with effect from April 1 2019,”. - Honda Officials. Read More:...

KARACHI: Pak Suzuki Motor Co issued the circular to the dealers regarding discontinuing the booking of Suzuki Mehran from April 1, 2019. Last year Pak Suzuki hinted that it will discontinue Suzuki Mehran and Introduce New Suzuki Alto 660cc here in Pakistan. Read More: Pak Suzuki to replace Mehran with...

KARACHI: Pak Suzuki once again increased the prices of vehicles by Rs 40,000/- to Rs 100,000/- respectively. The rate increased due to Pakistani Rupee depreciation against US Dollar. Earlier in February 2019 Pak Suzuki Revised the Prices. The circular issued by Pak Suzuki noticing all the dealers across the country...

ISLAMABAD: The Federal Board of Revenue (FBR) clarifies in a press release that Government has not revised rates or limits for tax on cash withdrawal from bank account. The Federal Government has not revised rates or limits for tax on cash withdrawal from bank accounts under section 231A and on...

ISLAMABAD: In order to boost investment in the country, measures were introduced through the Finance Supplementary (Second Amendment) Bill, 2019. In furthering the policy of encouraging investment, various measures were intensively discussed with stakeholders after presentation of the Finance Supplementary (Second Amendment) Bill, 2019 in the House. The Senate of...

KARACHI: Yamaha Motors Pakistan has issued a notification of price hike of YBR125G, YB125Z and YBR125 Motorbikes with effective from March 1st, 2019. According to Official notification released by Yamaha Motor Pakistan Suggested retail price as followed Yamaha YB125Z Rs. 127,500/- Yamaha YBR125G Rs. 149,500/- Yamaha YBR125 Rs. 144,500/- YAMAHA...

ISLAMABAD: Saudia Arabia and Pakistan signed 7 agreements and MoUs yesterday, A new beginning of Socio-economic partnership will lead to shared prosperity, regional stability and mutual respect based on long term investment, strategic and social ties. According to the details released by Pakistan Information Department (PID) Investment plan is divided into...

ISLAMABAD: Government’s policy measures have resulted in shrinking of trade deficit, decline in imports and increase in exports which augurs well for overall balance of payment of the country. The trade deficit that stood at US$ 17.7 Billion in July- December 2017 has shrunk by 5% to US$16.8 Billion in...

KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) made the first increase of this new year, The new prices will be effective from January 1st, 2019. The Price of the most popular car Suzuki Mehran VXR jumps Rs 20,000/- from Rs 840,000/- to Rs 860,000/- said to be discontinued in April...

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growth opportunities possible...