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Business

Govt refrains from hiking petroleum prices

ISLAMABAD (Web Desk) On the last day in power, the government has refrained from a massive hike in the price of petroleum products.Finance Minister Miftah Ismail said that the prime minister, on the recommendation of the ministry has decided to leave the prices of petroleum products unchanged till June 7.He …

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Here’s how you can get fresh currency notes for Eid via SMS

KARACHI (Web Desk) The State Bank of Pakistan (SBP) has issued codes of e-branches of banks issuing fresh currency notes ahead of Eidul Fitr.According to State Bank, 1,535 e-branches across the country will be issuing fresh currency notes to customers from June 1 to June 14.Seven hundred and ninety-two e-branches …

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US imposing 25pc tariffs on $50bn worth of Chinese goods

WASHINGTON (Web Desk) The White House announced on Tuesday that it will impose 25 per cent tariffs on $50 billion worth of Chinese goods, as US President Donald Trump pledged to end China’s unfair trade practices.The final list of these products will be announced by June 15 and the tariffs …

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US and China clash over ‘technology transfer’ at WTO

GENEVA (Web Desk) Chinese and US envoys sparred at the World Trade Organization on Monday over US President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods.US Ambassador Dennis Shea said “forced technology …

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Turkmenistan says close to securing TAPI pipeline financing

ASHGABAT (Web Desk) Turkmenistan plans to secure within a few months all the necessary funding to complete the construction of an $8 billion natural gas pipeline to Afghanistan, Pakistan and India, the project’s chief executive said on Wednesday.The Central Asian nation is building the TAPI pipeline to diversify its gas …

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India borrowed our economic plans, claims Ahsan Iqbal

ISLAMABAD (Web Desk) Minister for Planning and Development Ahsan Iqbal has said India borrowed Pakistan’s economic and reforms plans and implemented them successfully while “we squandered the opportunity largely because of political instability”.Speaking at the inauguration of Pakistan National Centre for Cyber Security in Islamabad on Monday, Iqbal, who also …

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Fruit goes beyond purchasing power of common man

KARACHI (Web Desk) “Can you sell me only half terbooz?” The man roaming around the fruit vendors at Empress Market asked one of them. But the fruit vendor very rudely told him to go away. “Don’t come to us if you are so cheap that you expect me to sell you …

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