Twitter officials hopeful for business in China

SHANGHAI- Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world. This week, the popular microblog platform has made presentations to prospective Chinese clients in Shanghai on ...

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  • APCC okays annual plan, Rs580b development outlay

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    ISLAMABAD The Annual Plan Coordination Committee (APCC) on Tuesday approved the Annual Plan 2015-16 and federal development outlay worth of Rs 580 billion for the next financial year.The APCC, which met under the chair of Federal Minister for Planning Development and Reforms Ahsan Iqbal, to approve ...

  • Rs4.7tr outlay likely for budget 2015-16

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    LAHORE The energy reforms, infrastructure development and economic growth are likely to remain key areas of focus for the government in federal budget 2015-16 being presented on June 5 with expected outlay of around Rs4.7 trillion, almost 10 per cent higher than last year’s budget of Rs4.3 ...

  • KSE sheds 197 points amid dull activity

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    KARACHI Activity remained dull at the local bourse on Tuesday as investors remained on the sideline ahead of budget FY16 and future roll-over.The KSE-100 index shed 197 points or 0.61pc to close at 32,510 points level. Investors took fresh positions in Pak Elektron (PAEL) amid aggressive future ...

  • Finance ministry to be asked to restore zero-rated facility for 5 ...

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    ISLAMABAD The Ministry of Commerce will convey Finance Ministry to restore zero-rated tax facility to the five export oriented sectors, give resources for export development fund and clear the exporters refunds in the forthcoming budget in order to increase the country’s exports.“We ...

  • Hydel resources exploitation imperative

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    LAHORE Pakistan is facing “do or die” like situation as far as water and power shortages are concerned and therefore a new strategy to exploit hydel resources in shortest possible time is a must. Though end of loadshedding for the industrial sectors for a few days was a good omen but ...

  • newsbrief

    Govt creates investment-friendly environment in oil & gas sectorISLAMABAD (APP): The present govt has taken various measures to create an investment friendly environment in exploration & production (E&P) of oil and gas sector. “Attractive terms and conditions for investors are, ...

  • Dollar takes strength in inter bank

    KARACHI - Dollar took strength in inter bank while depreciated in open market on Tuesday. According to the details provided by the Forex Association of Pakistan dollar traded at minimum rate of Rs 101.97 maximum rate of Rs 102.02 in inter bank while it was traded at lowest rate of Rs 103.30 and ...

  • 99pc wheat procurement target achieved, NA body told

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    ISLAMABAD  - The National Assembly Standing Committee on National Food Security and Research Tuesday was informed that so far Pakistan Agriculture Storage and Services Corporation (PASSCO) had achieved 99 per cent target for wheat procurement.The committee was informed that wheat procurement ...

  • APBF summit today

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    LAHORE - The All Pakistan Business Forum, which advocates fair business policies and transparency as part of its mandate, capitalizing on its high-profiled representation from diverse commercial sectors, has now decided to launch a series of insightful annual events.The first of these powerful ...

  • LDFA exhibition to promote dairy sector: SBI

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    KARACHI  - Annual demand for milk is increasing by 10-20pc, whereas the milk production is growing approximately 4pc per annum only. Pakistan is “largest milk producing country in the world, but 40,000 tons of dry milk is being imported into Pakistan annually, equivalent to 320,000 tons ...

  • KP-BoIT to set up dates farming, processing unit

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    PESHAWAR  - Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) is making concerted efforts for introduction of modern methods to improve yields of various crops/staple-fruits, as well as modernisation of agriculture system in the province.For the purpose, the board has undertaken ...

  • corporate corner

    PEL targeting sales volume of over Rs34b for 2015KARACHI (PR): Murad Saigol, Chief Executive Officer of Pak Elektron Ltd, has briefed prominent entrepreneurs and the business community at the PEL Analyst Briefing 2015. Zeid Saigol, Director Power and IT, Haroon Ahmad Khan, Managing Director PEL, ...

  • Amazon paid $16 million tax in Germany

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    LONDON- Internet retailer Amazon.com Inc.'s main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show. Germany is Amazon's biggest market outside North America, ...

  • Skype summoned over failure to share call data

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    BRUSSELS- Online communication service Skype has been summoned to appear in court in Belgium after refusing to pass on customer data to aid a criminal investigation, a court spokesman said. A court in Mechelen, just north of Brussels, had asked for data from messages and calls ...

  • Pak share in $2.3tr global halal market negligible

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    ISLAMABAD - The estimated population of Muslims worldwide stands at 1.6 billion with the global Halal market estimated at $2.3 trillion both the food and non-food sector but the contribution of Pakistan is quite negligible.Speaking at the concluding session of a workshop Rana Tanveer Hussain, ...

  • GIDC, power subsidy withdrawal flayed

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    LAHORE - Progressive Group has expressed its serious concern over the reports of withdrawal of subsidy on power prices in forthcoming budget making electricity more expensive for domestic consumers and industrial consumers.“It will break the backbone of our industrial sector especially the ...

  • FBR should avoid burdening industry for revenue target

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    LAHORE - The All Pakistan Textile Mills Association, in itsbudget proposals for 2015-16, has asked the government to avoid burdening the textile industry with further taxation to achieve revenue target, saying Aptma’s foremost demand is to operationalize the closed capacity of the industry by ...

  • MoU signed to promote Islamic banking in Uganda

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    LAHORE - A memorandum of understanding (MoU) has been signed to promote Islamic banking in Uganda. On behalf of AlHuda CIBE Uganda, Ahmed Abdallah, the country head of AlHuda CIBE and Asuman Mukiibi Serunjogi, the President of Islamic Chamber of Commerce, Uganda signed the MoU in Kampala.Under the ...

  • Corporate Corner

    PIM hosts conferenceLAHORE (PR): PIM hosted a conference on change management at a hotel. This was a two days event. There were exceptional speakers & panelists from the industry who had experienced the change or implemented it in their own & also other organizations.  They shared ...

  • US, KSA fail to disburse committed aid

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    ISLAMABAD Pakistan's two friendly countries United States (US) and Saudi Arabia had adopted tight cash release policy for Islamabad, as they only disbursed 26 percent and 11 percent respectively of the annual economic assistance during July to April period. Both of these friendly countries would ...

  • Upcoming budget to bring betterment in economy: Dar

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    ISLAMABADFinance Minister Ishaq Dar on Monday directed FBR that the Committee on PM's Low Cost Housing Scheme should also be consulted and the positive input from their side should also be included in the proposals before the budget is finalized.He made these remarks while chairing a meeting at the ...

  • KSE index gains 102 points on interest rate cut

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    KARACHI Above expectation cut of 1pc in interest rate brought renewed interest across the board in stock market on Monday and the KSE-100 index gained 102 points to close at 32,707 points.The market opened with strong bullish momentum hitting a high of 268 points before ending to 102 points gains. ...

  • APCNGA protests against imposition of GIDC

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    INPPESHAWAR The All Pakistan CNG Association (APCNGA) on Monday held a demonstration in front of Peshawar Press Club to register protest against imposition of GIDC which they dubbed as discriminatory and lethal for the industry.Speaking at the occasion, provincial chairman of APCNGA Fazl-e-Muqeem ...