Business

IT will take at least a year to implement the new National Aviation Policy 2019. The policy is projected to help spur growth of the domestic aviation industry, attract private investment for the management and development of new airports, and help revive the struggling national carrier. It hopes to accomplish its aim through a reversal of the Open Sky policy, …

The Federal Board of Revenue (FBR) has extended the date of filing of income tax statements for the tax year 2018 till April 30, a press release announced on Monday. The date of filing of returns for companies, individuals and association of persons is also extended to April 30. According to the FBR, the decision has been taken in view of numerous …

The recent tightening of the interest rateshould help rein in galloping inflation in coming months. However, the rupee may continue to remain under pressure as external-sector fundamentals will take more time to improve even after we enter a loan programme with the International Monetary Fund (IMF). In March alone, the rupee lost 1.4 per cent value to the dollar as end-quarter …

ISLAMABAD: The government on Sunday increased prices of all petroleum products by up to 6.45 per cent for the month of April as the international crude price inched up by less than 2pc over the last month. Petrol and diesel prices were increased by Rs6 per litre while kerosene and light diesel oil (LDO) were jacked up by Rs3 per …

KARACHI: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Friday, March 30, 2019.

KARACHI: Tech­no­lo­gical advancements have transformed financial services but challenges including cyber security issues, social media, data privacy and third party risks have emerged strongly, participants at a seminar hosted by the State Bank observed. The ‘Internal Audit: Emerging Challenges and Effective Practices in Central Banks’ seminar hosted by the SBP under the aegis of Saarc Finance Forum at the National …

BEIJING: China has never forced debt upon participants of its new Silk Road project as “prejudiced” critics have suggested, the country’s top diplomat said on Saturday in a strongly worded defence of a key policy platform of President Xi Jinping — Xi’s Belt and Road Initiative, as it is formally called — envisions rebuilding the old Silk Road to connect …

ISLAMABAD: Global e-commerce sales grew 13 per cent in 2017, hitting an estimated $29 trillion, according to the latest numbers released by United Nations Conference on Trade and Development (UNCTAD). A similar surge was seen in the number of online shoppers, which jumped by 12 per cent and stood at 1.3 billion people, or one quarter of the world’s population. …

ISLAMABAD: The Secu­rities and Exchange Com­mis­­sion of Pakistan (SECP) is finalising the ‘brokers model’ — a framework that aims to define the roles of various market players. The framework is expected to give leverage to small brokers and enhance their retail network whereas the large corporate brokers would concentrate on inviting listings in the stock market. The new framework will …

NEW DELHI: India’s trade ministry has proposed that the government delays by a month the imposition of retaliatory tariffs on some US goods that were due to go into effect from April 1, a trade ministry spokeswoman told Reuters on Friday. Trade friction between India and the United States has escalated after US President Donald Trump announced plans earlier this …