Home / Business (page 5)

Business

‘Trade wars are good and easy to win’:Trump

WASHINGTON-UNS :President Donald Trump spoke out defiantly Friday against global criticism of his plan to impose tariffs on steel and aluminum imports, seeming to welcome the idea of a trade war. “When a country (USA) is losing many billions of dollars on trade with virtually …

Read More »

Petrol price increased by Rs3.56 to Rs88.07 per liter

ISLAMABAD -UNS– The Ministry of Finance has approved Rs3.56 per liter increase in the price of petrol today (Wednesday). It may be added that the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Energy had proposed increase in the prices of the petroleum …

Read More »

TAPI gas pipeline project finally launched

SERKHETABAT-UNS : Turkmenistan, Afghanistan, Pakistan and India on Friday ceremonially broke ground on the Afghan section of an ambitious, multi-billion dollar gas pipeline expected to help ease energy deficits in South Asia. Afghan President Ashraf Ghani and Turkmen counterpart Gurbanguly Berdymukhamedov joined Pakistani premier Shahid …

Read More »

TAPI pipeline project important as energy, trade,transit corridor

ISLAMABAD -APP/UNS :Prime Minister Shahid Khaqan Abbasi Thursday said that Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was an important project for Pakistan due to its growing energy needs. Referring to prospective purchase of electricity from Turkmenistan, he said it would add a new dimension to the bilateral …

Read More »

JCCI wants expat levy cancelled

JEDDAH -UNS : The Jeddah Chamber of Commerce and Industry (JCCI) has asked Saudi Arabia’s Ministry of Labor and Social Development (MLSD) to cancel expat levy for firms that have equal number of Saudis and expat workers, reported Saudi Gazette. This is part of seven …

Read More »

Every Pakistani owes Rs 130,000: SBP

ISLAMABAD -UNS : As per the latest figures released by the State Bank of Pakistan on Friday, every Pakistani is now indebted by Rs 130,000. The debt situation of Pakistan continues to increase at an alarming rate as the latest figures and statistics released by …

Read More »

German workers win right to 28-hour week following industrial action

German workers have won the right to a 28-hour week in a victory towards their fight for a better work-life balance, reported The Independent. Industrial union IG Metall, Europe’s largest trade union, has won its workers the right to work the equivalent of under six …

Read More »

Oil majors strike it rich on rising crude prices

PARIS -UNS : The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish …

Read More »

IMF chief urges Arab states to cut spending

DUBAI: IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed “promising” reforms adopted by some Arab …

Read More »

UAE, Switzerland being asked about Pakistanis’ assets

ISLAMABAD: The government has started negotiations with the UAE and Swiss governments to collect information regarding Pakistanis holding billions of dollars of offshore assets and bank accounts to bring these Pakistanis into the tax net. “We have started negotiations with authorities in Dubai and Switzerland …

Read More »