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Kuwaiti oil exploration company to invest over $9.8 million in Pakistan

ISLAMABAD: Minister for Petroleum Omar Ayub Khan has said that efforts being made by the government will bear fruit for the country in the form of additional hydrocarbon reserves during next few years. He was...

Govt working on petroleum policy offering incentives: PM

ISLAMABAD: Prime Minister Imran Khan says government is working on a new petroleum policy offering incentives to foreign exploration and production companies and removing impediments in way of smooth and profitable business ventures. He was...
FBR chairman

Only 38,000 out of over 341000 industrial units paying sales tax: FBR chief

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the sales tax unregistered industrial units can get themselves registered by paying two percent tax, benefiting from Asset Declaration Scheme by June...
US dollar slips to Rs.152.50 in open market

US dollar reaches Rs154 in open market

KARACHI: The US dollar continued its steep incline in Pakistan, reaching a new all-time high in the interbank and open market on Tuesday. In the open market, the dollar rose by Rs3 and was being...
US dollar slips to Rs.152.50 in open market

Dollar reaches record Rs153 in open market

KARACHI: With a consistent upward trend, the US dollar touched a new record high of Rs153 in the open market on Tuesday. With an increase of Rs1.36, the rate increased to Rs153 in the open...
Hoarding dollars is ‘grave sin’ in current economic crisis: Mufti Taqi Usmani

Hoarding dollars is ‘grave sin’ in current economic crisis: Mufti Taqi Usmani

KARACHI: Religious Scholar Mufti Taqi Usmani said on Tuesday that purchasing dollars to hoard for the sake of profit is a ‘grave sin’ and disloyalty to the country in the present economic crisis. In a...
US dollar slips to Rs.152.50 in open market

Dollar reaches all-time high of Rs152 in open market

KARACHI: The US dollar continued its upward trend against Pakistani rupee in the open market after reaching an all-time high of Rs152. Dollar, however, also increased in the interbank market and was traded at Rs149.64. Experts...
Banks to remain closed for public dealing tomorrow

SBP raises key interest rate to 12.25pc

KARACHI: The State Bank of Pakistan announced its new monetary policy on Monday. It announced to increase the key interest rate by 150 basis points (1.50 per cent) from 10.75% to 12.25 per cent. The...
Pakistani skilled workers to get jobs in Japan

Pakistani skilled workers to get jobs in Japan

ISLAMABAD: Pakistanis now have a golden opportunity to get a job in Japan, as the country is facing a severe labour shortage. To cope with the issue, the Japanese government has amended the ‘Immigration Control...
FM reaffirms govt's determination to enhance foreign investment in country

FM reaffirms govt’s determination to enhance foreign investment in country

KUWAIT: Foreign Minister Shah Mehmood Qureshi has reaffirmed PTI government's determination to increase foreign investment in the country and provide all out assistance to investors. He was talking to a delegation of Abu Shaibah Group...

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