Home / Business

Business

US, China agree to abandon trade war: Beijing

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.                  The announcement came after high-level talks in the US capital and followed months of tensions over what President Donald Trump has blasted as an unfair commercial ...

Read More »

Orange Line Metro Train makes 2nd test run

The Orange Line Metro Train in Lahore began running on the track in its second test run on Wednesday. The multi-billion-rupee project is yet to be completed. The train made its test run on 11 kilometers today while the entire track covers 27 km. Punjab Chief Minister Shehbaz Sharif witnessed ...

Read More »

Ramazan offer: Railways reduces fares by 20%

Pakistan Railways Tuesday announced 20 percent discount for passengers on advance booking of all classes of all trains. A spokesperson for Railways said the offer would start from 1st of Ramazan and will be valid till 20th of Ramazan. He said that a discount would also be offered during Eid-ul-Fitr ...

Read More »

No additional tax on petroleum products: Minister

Minister for Finance Miftah Ismail Tuesday clarified that the government had not imposed any additional tax on petroleum products in its federal budget for 2018-19. Winding up the budget debate in the National Assembly, he said no additional tax has been imposed on petroleum products. “The budget is aimed at ...

Read More »

State Bank sets Zakat Nisab at Rs.39,198

The State Bank of Pakistan has fixed the Nisab for Zakat deduction on Bank Account for the ongoing Islamic year 1438-39 AH. According to a notification of Ministry of Religious Affairs and Interfaith Harmony, Zakat will be deducted from saving accounts, profit and loss sharing accounts and other similar accounts ...

Read More »

Royal wedding a boost for Brexit-bound Britain

Saturday’s wedding is set to provide Britain a national boost at a time of worry over Brexit. Photo: AFP The royal wedding of Prince Harry and his glamorous fiancee Meghan Markle is a moment of light relief for a Britain weighed down by political, social and economic woes. With growth ...

Read More »

Subdued US dollar pushes gold prices higher

Gold prices rose on Monday on the back of a subdued dollar as investors considered the prospects of fewer interest rate hikes in the United States this year. Spot gold was up 0.2 percent at $1,320.45 per ounce as of 0330 GMT, after marking the highest since April 26 at ...

Read More »