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Afghanistan, Pakistan resume transit trade talks

ISLAMABAD: Pakistan and Afghanistan on Friday resumed talks to iron out differences in the way of transit treaty after a three-year hiatus. Talks between the two neighbours had collapsed in September 2015 after Kabul insisted on including India in transit treaty negotiations and the trilateral trade agreement involving Pakistan, Afghanistan …

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Traders call for nationwide strike today

ISLAMABAD: The first big test of the PTI government and its budget could shape up today as traders bodies from around the country have issued a nationwide strike call. There are hundreds of trader associations in Pakistan, and millions of traders who participate in the retail sector. Some groups have …

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Tax applicable on single mobile for travellers coming from abroad

KARACHI: The federal government has ended exemption on travellers bringing even a single mobile phone from abroad as tax will be applicable on it. In a session of Senate’s Standing Committee for Information Technology, the officials said that in the latest finance bill, tax will be applicable on even a …

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Pakistan receives $991m as first tranche of IMF programme

  ISLAMABAD: Pakistan has received the first tranche of $991.4 million of the $6 billion bailout package International Monetary Fund (IMF) bailout, the chief spokesperson for the State Bank of Pakistan said on Wednesday. This is equivalent to a special drawing right (SDR) of $716 million. An SDR is an …

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Pakistan to receive $1 billion instalment from IMF today

  ISLAMABAD: Pakistan will receive the $1 billion instalment from the International Monetary Fund’s (IMF) under the recently concluded $6bn bailout package today. Speaking at a news conference on Monday, IMF chief mission chief for the country Ernesto Ramirez-Rigo said the bailout package for Pakistan was aimed at stability of …

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$35m project to improve water management, agriculture

ISLAMABAD: The board of Green Climate Fund (GCF) on Sunday approved financing of $35 million for a project of the Food and Agriculture Organisation (FAO) of the United Nations to transform the Indus River Basin by improving agriculture and water management to make the vital food-producing region more resilient to …

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Karachi traders call off three-day strike

KARACHI: The traders of Karachi on Sunday called off their three-day strike, which was supposed to begin from Monday (today), on the assurance given by Sindh Governor Imran Ismail that the government was prepared to address their reservations on tax issues. The governor extended this assurance to a delegation of …

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Cement sales plunge; steel bar prices rise

KARACHI: The average daily cement supplies into the market plunged by 73 per cent to 40,000 tonnes from 150,000 during the first three days of this fiscal year. The decline came after government introduced amendments to the Sales Tax Act in the budget 2019-20 mandating sellers to include buyers’ CNIC …

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