Nikon mirror-less camera Z6 takes videography to the next level
KARACHI: A media meet-up for Nikon’s newly launched DSLR camera, Z6, took place at a local hotel. The evening kick-started with guests and media mingling at the Red Carpet and…
FBR to outsource electronic tax stamping of tobacco, beverages, sugar, fertilizer and cement
KARACHI: The Federal Board of Revenue (FBR) has decided to outsource, through licensing, the electronic monitoring, tracking and tracing of production, import and supply chain of tobacco products, beverages, sugar,…
FBR notifies sales tax rate, and payment procedure on cottonseed oil
KARACHI: The Federal Board of Revenue (FBR) has notified special procedure for sales tax on cottonseed oil expelled by oil expelling mills and composite units of ginning and expelling. FBR…
Federal Excise Duty given in the jurisdiction of Inland Revenue Intelligence and Investigation
KARACHI: The Federal Board of Revenue (FBR) has included the Federal Excise within the ambit of Directorate General Intelligence and Investigation – Inland Revenue and notified the function of the…
Commodity markets on edge as India, Pakistan tensions rise
Singapore — Any escalation of conflict between India and Pakistan may impact currency, gold and shipping markets in the region, but other commodities are unlikely to see any immediate direct…
GLOBAL MARKETS-Stocks turn negative as India-Pakistan tensions worsen
TOKYO, Feb 27 (Reuters) – Asian shares and Wall Street stock futures turned negative on Wednesday after Pakistan said it had shot down two Indian jets in its territory, sending…
CapitaLand launches one of China’s largest discretionary debt funds
SINGAPORE: CapitaLand Limited (CapitaLand) has announced the first closing of CREDO I China – the Group’s first discretionary real estate debt fund. The fund, with a target capital raise of…
Dallah Healthcare Company to increase its capital by 27.1 percent
JEDDAH: Dallah Healthcare Company has decided to increase company’s capital by 27.1 percent via giving free shares, a bourse filing said on Wednesday. Company capital, which was SAR590 million (59…
Almarai Company completes $500 million International Sukuk issue
JEDDAH: Almarai Company has completed its $500 million International Sukuk issue to institutional investors. Almarai Company issued 2,500 bonds/sukuk of $200,000 each. The bond offers 4.311 percent return for Sukuk…
QIIB’s $500 million Sukuk oversubscribed by more than 6 times
DOHA: Qatar International Islamic Bank (QIIB) has announced the successful issuance of $500 million Sukuk under the Bank’s Sukuk programme of $dollars 2.0 billion. The offering was oversubscribed by six…
Agility earmarks $100 million to invest in Shipa
KUWAIT: Agility Public Warehousing Company (Agility) has earmarked $100 million to invest in Shipa, which is a digital platform that helps small businesses and entrepreneurs to manage their logistics business…
Ausdrill Limited posts strong financial results
SINGAPORE: Diversified mining services company Ausdrill Limited (ASX: ASL) has delivered a strong financial result for the six months ended December 31, 2018 following the transformational acquisition of Barminco. The…
IMF, Pakistan to soon reach $12bln bailout deal: Fitch
KARACHI: Pakistan and the International Monetary Fund (IMF) will soon reach a bailout deal with a potential size of $12 billion, but the south Asian country is expected to have…
Pakistan LNG invite bids for internal audit services
KARACHI: Pakistan LNG Limited and Pakistan LNG Terminals Limited, both operating under the governance of Ministry of Energy (Petroleum Division), have invited bids for internal audit services to audit the…
SHC to decide issue of charges when VR hold field
KARACHI: A customs appellate bench of High Court of Sindh (SHC) on Tuesday directed the Port Muhammad Bin Qasim custom authorities to file comments justifying the imposition of loading, brand…
SHC seeks compliance reports in AC splits consignments case
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday ordered Pakistan Customs to submit a compliance report…
$75 million ADB loan signed for Khyber Pakhtunkhwa Provincial Roads Improvement Project
PESHAWAR: Economic Affairs Division (EAD) and Asian Development Bank (ADB) signed a $75 million loan agreement for additional financing for Khyber Pakhtunkhwa Provincial Roads Improvement Project, Press Information Department PID…