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Pakistan should manufacture cellphones, says PTI senator

Pakistan should manufacture cell phones to save $1 billion the country spends annually on the import of mobile devices, Senator Shibli Faraz of the PTI said in Tuesday. The senator heads a special committee of the Senate on circular debt. “Pakistan spends $1 billion annually on the import of mobile ...

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Saudi Arabia freezes trade with Canada

Saudi Arabia froze new trade and investment with Canada after Ottawa urged Riyadh to free arrested civil society activists. The Gulf Arab kingdom also recalled its ambassador and gave the Canadian ambassador 24 hours to leave the country, a Saudi foreign ministry statement said late on Sunday, adding it retained ...

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Asian countries denounce ‘real threat’ of global trade war

Photo: AFP Asian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States. Fear that a simmering trade spat between the world’s top two economies could spiral ...

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China says tariff threat against US ‘justified’

Photo: AFP China’s foreign minister said Saturday that his country’s threat to impose retaliatory tariffs on $60 billion of American goods in an escalating trade spat was “fully justified”. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald Trump’s administration ...

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The FBR is going after tax evaders with assets abroad

Photo: Reuters If you have assets abroad that you haven’t declared and didn’t avail the FBR’s tax amnesty scheme then you’re in trouble. The FBR is going to take action against people with undeclared assets abroad and tax evaders within Pakistan. The FBR had introduced the tax amnesty scheme to ...

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