Business
TikTok establishes joint venture to end US ban threat
TikTok announced on Thursday that it has established a majority American-owned joint venture to operate its US business, allowing t
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Business
Gold, silver and platinum extend recordâsetting rally
Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty. On Jan 1, the 10-g
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ADB backs Karachi-Rohri rail corridor
KARACHI: The Asian Development Bank (ADB) has reaffirmed its intent to align as a development partner with the government and identified Karachi-Rohri rail corridor as the priority project. A 10-member high-level Reconnaissance Mission of
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Business costs 34pc higher than region: PBF
https://www.dawn.com/news/1968550
Business
Sustainable growth key to economic transformation, says minister
ISLAMABAD: PakisÂtanâs journey towards a trillion-dollar economy is only possible through alignment of policy, capital industry, and institutions, said Minister for Board of Investment Qaiser Ahmed Sheikh, pointing out that fragmented progress can
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Australian help sought to boost agri yields
ISLAMABAD: PakisÂtan is seeking Australian expertise to establish foot-and-mouth disease (FMD)-free zones and improve animal weight and yield to ensure profitability for farmers. Food Security Minister Rana Tanveer Hussain met Australian H
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Used phone rates to fall as govt revisits valuation
⢠Ruling covers 62 models across Apple, Samsung, Google Pixel, OnePlus ⢠iPhones see steepest cuts ⢠Values apply regardless of condition; accessories not included ⢠Phones must be activated six months before import ISLA
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Zarea signs strategic MoU with Chinese agri-platform company
Zarea Limited has signed a Memorandum of Understanding (MoU) with Wang Chuang Xi Jun Chang Agri Ltd, a Chinese agri-platform, to explore advanced agricultural solutions in Pakistan, according to the companyâs notification to the Pakistan Stock Exc
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Telenor sells its stake in Thailandâs True Corporation for $3.9 billion
Telenor said on Thursday it would sell its 30.3 per cent stake in Thailandâs True Corporation for $3.92 billion, its second divestment from Asia in recent months, lifting the Norwegian groupâs shares 8 pc. Telenor said it had signed an agre
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Nestle announces $60m additional investment in Pakistan, to expand operations in country
Nestle on Thursday announced that it would invest an additional $60 million in Pakistan and would also âundertake a robust expansion of its operations in the countryâ. The development came as Finance Minister Muhammad Aurangzeb met Remy Eje
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Oil slips as investors assess supply outlook
Oil prices slipped on Thursday after gaining in previous sessions, as investors assessed the supply and demand outlook, while a report showing a rise in US crude and gasoline stocks last week weighed on prices. Brent crude was down 28 cents
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Customs issues new valuation ruling for old and used mobile phones
The Directorate General of Customs Valuation has revised the determination of customs values for old and used mobile phones, particularly those imported in commercial quantities without packaging and accessories, as per a ruling dated January 16.<
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Fitch affirms Pakistanâs debt ratings at âB-â
ISLAMABAD: Fitch Ratings, one of the worldâs top three agencies, on Wednesday affirmed Pakistanâs long-term debt ratings at âB-â (B-negative), which it had upgraded in April last year, and assigned a
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FBR flags tax evasion in Sindh solar imports
⢠Report highlights trade-based money laundering in solar kit imports ⢠Senate panel fumes over absence of economic minister, provincial secretaries ISLAMABAD: Another episode of massive under-invoicing for tax evasion and trade-base
Business
Gold hits record Rs506,362 per tola
KARACHI: A whopping jump of $127 per ounce in the international market to $4,840 per ounce pushed the domestic gold (24 karat) rate to Rs506,362 per tola on Wednesday, the highest in the countryâs history, after an increase of Rs12,700 per tola fr